Avtorentacar.com presents you “Where Can I Buy Cars For As Little As $100.00?”, an article written by Tim Lee. We hope you’ll find a lot useful information in here.
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You’ve heard claims like you can buy cars for as little as $100.00 at repossessed car auctions, but is this true? If so, where does one find listings of repossessed car auctions?
To know where to go to purchase one of these cars, you must first know what a repossessed car is. Most of the time cars get repossessed by the banks, because the owners have defaulted on the car loan or lease payment. When this happens, the institutions such as the banks, the police, the customs or the IRS offer these repossessed cars offered for sale at auctions.
| Avtorentacar recommended article: Shopping For A Car Online? Why eBay May Be The Best Place To Go I've been fed up with new vehicle prices for a number of years, not to mention the ridiculous depreciation that occurs almost before the car is driven off the lot. Because of this, I've been buying used vehicles for quite some time. I usually pay cash for my used vehicles, thus avoiding the dreaded (for me anyways) monthly car payment. Of course paying cash does have it's draw backs. First, I find I've had to settle for slightly older used vehicles that I could afford. Second, buying slightly older used vehicles 'sometimes' means more maintenance costs. Overall though, I've been quite happy with my paid for beauties and find they get me where I'm going the same as the $30,000+ cars, trucks and SUV's I see on the road every day. During my most recent used vehicle buying binge – the last 14 months - I've needed to purchase a primary used vehicle for my wife, one for me and most recently, one for our youngest daughter who is in her 'temp' stage of driving. Since I've been an avid eBay® buyer and seller for the past 7½ years, last year I decided to give eBay a shot for my used vehicle consideration. Three used vehicles and well over $10,000 in savings off retail pricing, I can't think of a better way or place to buy a used vehicle. |
The main reason why repossessed cars are priced cheaply is not so much for the state it was found in or the brand, as much as the continuing supply and the expense of storing these cars, that tend to lower their prices.
If repossessed cars are dirt cheap, why do only a very few buy at these kinds of auctions?
Three reasonable explanations have been put forth; one is that there is a lack of information on these kinds of auction, including pertinent information on schedules, venues and which institutions actively hold these kinds of auctions.
Another credible point put forward is that the reason why this is so, is because car dealers want to keep these auctions a secret. They can re-sell the cheap auctioned off car at retail prices to the public. Allowing them to generate more profits.
The third explanation that a majority of car buyers find it hard to change their buying pattern. They are used to buying new cars from a car dealership. Provided you do your homework and research well, there is no reason you can not go home with an also brand new vehicle priced at $200.00 or less.
| Avtorentacar recommended article: Hybrid Cars Save You Money If you have been sitting on the fence about deciding to purchase a Hybrid car, you no longer have any excuse to be squeamish. Consumer Reports just released a study this August that confirms that Hybrid cars will in fact save you money over the long run. The combination of generous tax credits along with the fuel saving nature of these vehicles is what makes them a good long term value. The difference in up front cost between a hybrid and its traditional counterpart is often between $1200 and $7000. Thats a wide gap, and can be enough to leave you wondering if its worth it. The good news is that if you act fast and purchase your new Hybrid car before the tax credits phase out in 2007, alot of that upfront additional cost will come back to you in the form of a tax credit. Meanwhile, you will enjoy long term savings on fuel costs. Did you know that as of 2006, Hybrids account for only 1% of new car sales in the US? As gas prices rise, the ratio will likely change as people seek to cut costs out of rising fuel prices. Unfortunately, if you wait too long you will no longer be able to take advantage of the tax credits that are being phased out. If you are considering purchasing a Hybrid car, you are better to do it now. The study, conducted by Consumer Reports assumes that you keep your Hybrid car for several years, long enough to notice the difference in cost of filling up. Of course, the more you drive to work, school, or on vacation, the faster and greater your savings will add up. If you are researching Hybrid cars, be sure to check out Hybrid Cars This site lists updated information on all makes and models of Hybrids available and soon to be available. Amber Lowery is an author and webmaster. You can read more about Hybrid cars by visiting her site: Hybrid Cars or by visiting Hybrid Cars |
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My site provides listings of repossessed car auctions |
Keywords assigned to this article by Avtorentacar: repossessed car auctions, car auctions, auto auctions
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