These days we are all more budget conscious when we are making large purchases and we are more likely to set a limit on our spending, in line with what we can actually afford. Vehicle purchases are no exception and finding affordable used cars that still satisfy our requirements can seem like a daunting task. Traditionally, we have gone straight to our local car dealer when we needed to change our car. We may even trawl through several car lots and spend time with a salesman trying to bargain down the price. Sound familiar? If we want to buy the best used cars at the cheapest possible prices this is not the way to go. I will tell you why and also tell you how to buy your next car from the very places that many dealers do not want you to know about.
When you go to a car lot to buy a vehicle, the price you pay includes the cost of the vehicle, a contribution to the dealers running costs and of course their profit. The higher their costs and the more profit they are trying to make, the more you will pay for your car. Every business has to cover their costs and make some money, so I am not knocking them. I am just explaining to you how they calculate the sales prices of the cars on their lot. There is a way to buy your car at the same cost price that many dealers pay, without having to pay that extra mark-up. To do this, you just need to buy your car from the same source that they buy from. Instead of going to the retailer and paying retail prices, you go directly to the wholesaler. You might think that this is impossible.
You just want to buy one car and they buy hundreds. There is one source of affordable used cars that you can buy from, at exactly the same price as the dealers.There are over 4,000 car auctions across the US, each year selling government, seized and repossessed cars. These auctions are open to the public and the highest bidder will get the vehicle they are bidding on, regardless of whether they are a private citizen or a big car dealership. With the number of repossessions on the increase and great value to be had at auctions, this is a very lucrative source of stock for many car sellers. Most private individuals do not even know they can buy a car this way.
Now that you know where to buy the most affordable used cars, you just need to find your nearest auctions. These are not widely publicized, however you can find online services that will provide you with access to complete auction listings. The more auctions you know about the better the chance you have of getting the vehicle you want, or maybe even the car you thought you could not afford, at the lowest possible price.