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Auto Auctions

Buyers have a number of choices these days when it comes to finding a car.  Those with experience in bidding and in fixing old cars can find a great deal at an auto auction.  A vehicle will be sold at an auto auction when it has been abandoned or if its owner has been involved in criminal activity or has failed to make payments.  Hence cars at an auto auction can vary in quality and condition.  While auto auction state laws vary, many cars that have been seized by the police or repossessed by a creditor are up for auction.  The creditors and police use the funds from an auto auction to recover the costs of towing and storing the vehicle, so most vehicles are listed well below market value.  Cars at an auto auction are sold “as is,” and
it is wise for the bidder to inspect the vehicle before placing a bid.  Lift the hood, check the oil, and inspect the interior.  Bidders cannot test-drive any of the vehicles, which are sold without a warranty, and the winning bidder is required to remove the vehicle at the end of the auto auction, regardless of its condition.  Bidding at an auto auction can become competitive for coveted cars or parts, and it is important for the bidder to have a clear understanding of how much he or she is willing and able to pay.  

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