If you’re seriously considering going to a state auto auction to buy a vehicle, you’ve taken the first step. If you’re still not convinced that auctions are right for you, read the following information to learn three benefits of buying a vehicle at a state auto auction.
Huge savings
It is not a revelation that buying a car is expensive. Used vehicles can also cost a lot of money and put a strain on the budget. For this reason, many people take advantage of the enormous cost savings and buy their vehicles at a state auto auction.
Since these government vehicles are no longer in use, they are offered for sale at a public auction. Government agencies want to get rid of these vehicles as soon as possible, as it costs them money to store the cars. By placing the vehicles in an auction, they can sell and eliminate many of them at once.
Bidding on these cars and trucks starts at a price that is far below the sales value of the vehicle. The price only increases if there are several people bidding on the same car. Many bidders immediately stop bidding as soon as the price rises. If all bidders are eliminated, except the last one, that person will receive the vehicle for the amount of their last bid.
Reliable vehicles
It’s no secret that the government has the resources to take very good care of their vehicles, and it’s important that the employees who drive these vehicles have a safe and reliable car. Government vehicles have regular maintenance checks and mechanics quickly repair any problems with the vehicles.
The government doesn’t sell these cars at auctions because they’re worn out, they sell them when they replace the vehicle, which is usually the case when the odometer reaches about 25,000 miles. In some cases, the vehicle can have nearly 40,000 miles, but this is still a low mileage for a used car or truck.
The maintenance plan and any repairs are documented in a logbook and managed with the vehicle. Potential buyers can view these documents to see what was done with the car.
No car payments
If you buy a vehicle at a state auto auction, you must pay for the vehicle in full before taking it off the premises. Once you’ve paid for the auction car, it’s yours and you don’t have to worry about making an expensive car payment every month.
If you’re financing a car through a lender, you’ll also need to pay interest along with the loan. These additional costs drive up the price of the vehicle even further. Monthly car payments can also put a strain on finances, especially if payments are high.
After you buy and pay for a state auction car, you own the vehicle. This will save you money every month as you will have to pay one bill less.
Getting a good deal, owning a reliable used car, and not having an extra bill every month are three good reasons to attend a state auto auction. This information should tell you that buying a government vehicle at auction is a wise decision.
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Wendy is now a financial analyst and writer. Wendy has been writing about finance and personal finance since she was a sophomore in high school. She has also been writing for several online publications and published in The Huffington Post, and Forbes Woman.
Wendy is a credentialed financial analyst and has experience working with financial institutions and businesses. Wendy is also a certified financial planner. When Wendy's not writing, she enjoys tending to her many plants, watching TV, and spending time with her family.
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