promotion image of download ymail app
Promoted

I live in So. Calif. and want to know where I can go to purchase a used car at auction.?

I don't want to purchase a used car from a dealership or private party. I'm looking to buy something at below bluebook value. Specifically a car that has been repossessed by the financial institution that funded it.

5 Answers

Relevance
  • maamu
    Lv 6
    1 decade ago
    Favorite Answer

    I go to police impound auctions. They are held by the individual cities. Too bad you are so far away, Omaha, Nebraska has some great impound auctions. They even post what cars are coming up for auction, and the reason they were impounded.

    Here I can figure I will spend about 10 cents on the dollar for what the car's actual value is.

    Check with the impounds in your local area.

    • Commenter avatarLogin to reply the answers
  • 1 decade ago

    I own a used car lot and I started off and still use http://tinyurl.com/yehfun I find new and used cars at a good price.

    When ever you go to a car auction, here are some tips :

    Check the fluids. Oil should not have the"milky" look, as that shows water in the oil. Check the transmission fluid. It should be red and not smell burnt.

    Start the car, with the parking brake on, and your foot on the brake, put the car in gear (automatic) it should go in without a noise or a jerk, both into drive and reverse. With a manual transmission, but it in gear and slowly let up on the clutch to see how the clutch feels.

    Listen for abnormal noises in the engine. Walk around the car and look for paint that does not match, or signs of body damage Look for abnormal wear on the tires, which could be a sign of suspension or front end problems.

    Set a price for the car. Base your price on what the car would be worth at a retail lot, and deduct the cost of any work it will need. Allow for the value of your time. You also have to allow for the possibility that more repairs will be needed you think!

    Good luck

    • Commenter avatarLogin to reply the answers
  • Anonymous
    1 decade ago

    Call the bank or local federal credit union, or check out their website. Most of them list the vehicles for sale. However, they sell at or above KBB value, not below. A financial instituion is not allowed to sell it just to get rid of it, they have an obligation to help settle the debt for the person who still owes money on it, not to put them further into the hole. Plus most repo's now go to dealer auctions. How about trying a government sale or auction. They are real, and no you don't have to pay a dollar or twenty five to find out where. Just click on the link at the bottom, and you can all thank me later. firstgov.gov the federal governments home page. Free resources for all Americans, and scumbags try to sell us that information. PASS THE LINK ALONG.

    • Commenter avatarLogin to reply the answers
  • Anonymous
    1 decade ago

    The only auction where you can purchase cars at below KBB is at dealer only auctions. Public auctions you see advertised in newspapers attracts so many retards that pay over KBB that it's not worth it.

    Go to any used car dealer and ask if they can take you along to a dealer-only auction for a fee. $150-$200 should be reasonable.

    • Commenter avatarLogin to reply the answers
  • How do you think about the answers? You can sign in to vote the answer.
  • 1 decade ago

    Check with Enterprise and some of the other car rental places as they have auctions . Another place is your local Police on impound cars and trucks. Banks sometime will try to sell repos. before letting the car dealer pick them up.....

    Good luck and Happy New Year

    Source(s): beenthere
    • Commenter avatarLogin to reply the answers
Still have questions? Get your answers by asking now.