Auctions can be a great way to find cheap cars at way below the price that you would pay when buying from a dealer or even from a private seller. Possible venues include auctions of repossessed cars, auction sites such as eBay and salvage cars. Finding the perfect Audi A3 for sale or used BMW has never been easier thanks to the internet.
Repossessed Cars
When a car is repossessed, it is often resold at a knock down price. If you would like to find out if there is an auction of repossessed cars in your area, first try looking up auction houses in the Yellow Pages or Thomson Local. Repossessed cars are sometimes also auctioned off by the banks, so check with your bank or financial institution. Finally, your local paper may publish notices of forthcoming auctions.
Online Auctions
eBay is perhaps the longest established and most popular auction site on the web. It has a specialist motors section, with bids starting from as little as 99p. There is also a ‘new kid on the block’, Madbid.com, which is worth checking out. Auctions on this site are faster paced than eBay’s, but it can be more difficult to find exactly what you want. Nevertheless, it is possible to find cheap cars if you log on at the right time.
Salvage Car Auctions
If you know a little about car repairs, it might be possible to pick up crash-damaged cars really cheaply and do them up yourself. Bluecycle bills itself as “The Car Salvage Specialists” and members need to register in order to sell or buy, at a cost of £40 per year. Cars can be found incredibly cheaply, some for as little as £40.
