Car auctions or Auto auctions have been here for quite some time now. It is a method to sell new and used vehicles through an auction system. Though it is relatively unknown to most people, it is a useful way for anybody, whether they are interested in purchasing new vehicles, or selling old vehicles for a profit. Car auctions can be really helpful for you. So before you engage yourself in any car or auto auctions, allow us to educate you in understanding the different ways you can do so.
Here are a few types of car auctions available widely almost anywhere. Online Auto Auctions, Wholesale Auto Auctions, Public Auto Auctions, and Government Auto Auctions.
- Online Auto Auctions are by far the most popular in car auctions. Simply because it allows anybody around the world to participate and bid on cars. There are several websites on the internet that offer these services. If you find a car you want to bid on, try to get the Vehicle Identification Number(VIN) from the seller so you can run an AutoCheck Vehicle History Report on it. Of course, when you win the auction, you are contractually obligated to purchase the vehicle with the price that you last offered for it. Knowing this fact, plus the knowledge that you are against people from other parts of the world, you need to be careful and avoid getting yourself into bidding wars, which sometimes would make you pay more than you wanted to.
- Wholesale Auto Auctions are usually dealer to dealer type of auctions, and most of the time, the general public are not allowed to attend. The vehicles auctioned here are usually rental cars coming from Car Rental agencies, exotic cars, used cars the dealer received from a trade-in but doesn’t sell much, cars returned after its lease expires, and used cars that most major dealers do not want staying on their lots. If by chance you really want to participate in these auctions, try to get someone that’s a licensed private dealer and you can get them to bid for you.
- Public Auto Auctions are open to anybody who wishes to participate. They are held at a certain location where the bidding is done, though sometimes they are broadcast live and phone bidding is allowed. Compared to other auto auctions, Public Auto Auctions are very competitive wherein bidding prices can go high very quickly. This is a great place to purchase a nice car at a great price though, provided the car isn’t highly sought after.
- Government Auto Auctions are usually ones where they’re auctioning off government-seized vehicles which they no longer use. You have to keep in mind that these vehicles may be just lying around for a year or more without any maintenance and the like. So just the same, it is important to run a vehicle history report with any car you’ll be bidding on these auctions. More often than not, you have to be ready to do a lot of work on the vehicle you purchased at this auto auction.
Now that you know some information on car auctions, you can go ahead and participate in one. Always remember to be careful though in choosing a car to purchase, do not bid too high, and bid with your brain, not with your heart. Good Luck!
One creative way to deal with an old car is to recreate it into another model or design. Not only would it look like new, it adds a touch of your creative side into it. Take this one for example, though it may not actually classify as a practical choice, it does give you an idea and something to think about.
A man, who absolutely adores both Lamborghinis and Fords recently got a Lamborghini Gallardo and turned it into a Ford Mustang. And you probably know how the rest of the world reacted, the man must be out of his mind! Basically, what they did was they took a stock Lamborghini Gallardo, and fabricated the shell of a 2007 Ford Mustang around it.
The end product was called “The Tractorri”, a super car in a Ford Mustang-like external appearance, with a Lamborghini engine horsepower. Imagine when people see you on the road with this one and just pass you by, thinking it was just a normal Mustang, and they look back after hearing the sound of a Lamborghini engine underneath that Mustang car.
The car is actually for sale on Jameslist, and this is what they have to say about it,
“The crown jewel of our private collection: The Tractorri. The short version? This is a body-in-white ’07 Mustang shell with the mechanicals from a Lamborghini Gallardo underneath. From the ABS to the AWD to the E-gear transmission everything works. The long version adds two more Mustangs for parts, thousands of hours of labor and enough one-off parts to make most show cars blush. Oh, and our president drives it around–he put over 1500 miles on it this summer alone! Built and maintained by our own Rick Roush this is a werewolf in wolf’s clothing!”
Here are more pictures of this interesting car for you to enjoy:
You walk one day to your garage and see your old car in it. Then suddenly you thought to yourself that this car has been there for quite some time now, and you need to dispose of it already. Now you might be confused on how you would be able to get rid of that junk car, because there are quite a number of ways you can do so. So let us give you one way that would be simple and would actually benefit you. Why not just donate your car to charity?
Donating your car to charity is a great way to get a tax deduction, not to mention clearing up space in your yard or garage. It is a socially conscious and economically responsible way to get rid of that old junk car. Plus you get that good feeling within yourself that you helped somebody, for donating your car to charity.
When you do decide to donate your car, you need to remember that not all charities accept junk cars, but most of them do anyway. One way you can find out is by contacting different charitable organizations directly and ask them how you can donate your car. More often than not, they would arrange a pick-up service for your car so you wouldn’t have to deal with it.
Clean your car from inside-out before giving it to charity. Ready the title and registration papers of your car so you can hand it out when you donate your car. Before you go, ask the charity for the IRS form 8283 to write your car off as tax deduction. Always make sure that you get a receipt, or any form of documentation which you can use when you prepare for your taxes.
In the end of this ordeal, not only did you manage to get rid of your old car, but it has benefited you in a big way through tax deduction, and you end up helping your community as well.