Thursday, February 9, 2012

How much cheaper are items at a government auction?

I'm going to a government auction on Monday and I'm looking to buy a car... All of the cars are 05 and 06... They may be out of my price range. What kind of price drop am I likely to see?How much cheaper are items at a government auction?
At these auctions you'll see a lot of dealers, who are not willing to pay more than wholesale "book" value. So, for many cars, these are the people you'll be bidding against. Therefore you may have to pay slightly more than wholesale to win. You can look at www.kbb.com trade-in values to get a good ideal of wholesale values. Here's an article about it:

http://www.leaseguide.com/Articles/surpl鈥?/a>



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