Sedan with~50,000 miles. I don't want to overpay and haven't been to an auto auction before.How much should i be willing to pay for an off-lease 2006 Malibu at a government auction?
You won't find off-lease vehicles at a government auction, but you might find them at a public auto auction. Here's more about it:
http://www.leaseguide.com/Articles/publi鈥?/a>
Government auctions sell surplus, replaced, and seized vehicles, but not off-lease vehicles. Many off-lease vehicles are sold at dealer-only auctions that are not open to the public.
You can get an idea of a fair auction price for the Malibu by going to www.kbb.com and looking up the "trade-in" value.
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