state repo cars 7 tips for buying state repo cars at a price thats a steal

State Repo Cars - 7 Tips for Buying State Repo Cars at a Price That s a Steal
By Will Sharp

Is it possible to find a swanky luxury car for a dirt-cheap price at a repossessed car auction? Yes - absolutely. But it s easier to buy a big lemon that you paid too much for. Still, there s no need to despair. Pay attention to a few details and you ll get a great car for a price that s nothing short of a steal.

Tips for Buying Repossessed Cars at State Auctions

1. Be prepared to pay in full
2. Use an assistant to run a Carfax check
3. Use an inspection check list
4. Check the VINs
5. Get an extended warranty
6. Use the Kelly Blue Book
7. If it doesn t look right, don t buy it

The No-Payment-Plan

Repossessed cars bought at an auction have to be paid in full. You can t work out a payment plan with them. It s all or nothing. So, before you attend an auction, make sure you have enough money available to pay for the car you bid on in full.

A Helper Would Really Help

When you see a car you like, you need to get a Carfax report done on it - pronto. This is where an assistant (a friend) would really come in handy. A cell phone would also come in handy here. Call your friend and give him/her the VIN of the car that caught your eye and have a Carfax report done right away. A Carfax report will tell you if it s a lemon or not and that s something you sure want to know. If everything checks out, you re ready to start bidding. And you won t run the risk of losing your car like the guy who had to go home to do a Carfax report.

Check it Off

At least 24 hours before you attend a repossessed car auction, create a vehicle inspection check list. Take your time and think about everything on a car that needs to be inspected. Bring the check list with you to the auction and check off each item, one by one, on the car you want to buy as you inspect it. This little check list could save you a lot of heartache.

Be a Matchmaker for VINs

Look at the VIN (Vehicle Identification Number) tags on the doors, hood, trunk and dashboard. Each tag must have the same 17 digit number. Mismatched VINs could mean the car was stolen and the feds don t know it.

Extend Your Warranty

Sometimes even when you do your best, a problem will arise with a car won at a state auction. In that case you might want to buy an extended warranty for extra protection. Of course, some cars already have a warranty, but many don t.

Let Kelly Be Your Guide

The Kelly Blue Book is the guide to have when it comes to buying used cars. It gives a very strong indication of what a used vehicle is worth. It only costs about $10, so go out and buy one and take it with you to the auction. If someone drives up the value of a car above the Blue Book value, stop bidding on it. It s just not worth it.

If You Get Bad Vibes, Back Off

Take your time and give the vehicle you re interested in a thorough visual inspection. Make sure to use the check list previously mentioned. If something doesn t look right, if you get a bad feeling about the car, then don t buy it. Don t fall in love with it. Trust me another used car will come along that will make your heart soar. It s a lot better than buying a lemon and then trying to get your money back by selling your “haunted” car on eBay.

Buying repossessed cars at state auctions can be a great way to buy an excellent car for a price that s so low it s a cellar dweller. But you have to be careful. Not all repo cars are worth owning. You have to separate the peaches from the lemons. All you need is a little education about repo car auctions and to do some homework about the cars that have caught your fancy. Then you can drive away in your dream car for a price that s a steal.

Did you know that 6 major factors control how quickly and easily you can find a car at a state auction? Find out exactly what they are here http://www.clicktek4u.com/staterepocar.html

Will Sharp is a free lance writer and full time researcher.

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