|
Q:
Why are the cars so cheap? How can this be true?
A: Every day thousands of Americans default on their car
loans or lease payments... as a result, their new or almost new cars get
repossessed by the financial institutions and auctioned off in a hurry, because
the cost of storing the cars outweighs the banks' ability to try to make the
lost money back (same with police auctions, etc.). Consequently, lucky people
who have access to direct sources where the cars are being sold would find
themselves overwhelmed by dirt-cheap offers that look unbelievable to the
average car buyer. This is real and is being taken advantage of by many car
dealers.
Q:
So why wouldn't everyone buy a car this way, instead of
the usual going to the dealer or classified ads routine?
A: Because this is a very protected source of revenue for the
majority of car dealerships and is not advertised to the general public.
However, we have gathered enough information and access rights to be able to let
our members enjoy a multitude of the direct sources where one could find their
next vehicle with up to 90% savings off the book value price.
Q:
Are there any online auctions that have seized
vehicles, I don't like the traditional "bid-on-the-lot" kinds?
A: Of course there are. There is an increasing demand for
online access to the vehicle listings and ability to bid and buy online... and
we will give you complete access to those sources.
Q:
How complicated are the traditional auctions?
A: Not complicated at all. Typically, you would arrive to
your local-area repossessed car auction early in the morning and inspect the
cars on the lot that are up for sale that day. Usually, many cars would start
from only $100 and if there is limited number of attendees that day (and we have
so many sources that it's virtually guaranteed that you will have almost no
other bidders) than you are very likely to get the car you want for a
ridiculously low amount when the actual bidding starts later that day!
Q:
Are there any warranties available for the cars I buy?
A:
Typically, an auction center or website source would offer
a 3 month warranty or guarantee free of charge. For extended warranties, small
fee would apply, depending on the source. But, in general, it's never a problem,
since many cars are almost brand new and in perfect condition.
Q:
Is there a way to check the VIN of the car that I like?
A:
Absolutely! Many auctions would offer a complimentary
CarFax™ VIN report before you start bidding for your
peace of mind.
Q:
Are there any hidden fees to buy a car this way?
A: There are no hidden fees. Standard fees such as title and
registration still apply and are paid the same way as if you bought the car
through a private transaction or at a dealership. However, the luxury tax is not
required, since it's already been paid by the first owner upon getting the car
registration.
|