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  #1  
Old 05-07-2009, 11:38 AM
Actros617's Avatar
Ich fahre dieseltypen
 
Join Date: Apr 2008
Location: Oklahoma
Posts: 1,126
Thumbs up Bad economy = good buys at an auto auction

So we when to an autoauction yesterday, and I was quite surprise on how cheap cars were sold, and easy to out bid a dealer! I remember last year the dealers always out bid non dealers and pay a hedious price on a pos. We did not came out empty handed we bought our self a 92 buick road master, for a whopping $525 this car is clean inside and out, though it has a dent inthe rear quarter pane. My brother and I regrated no buying the 1995 525i that car was in show room condition and when off for $2500 anyways it a good time to head off to the auction

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  #2  
Old 05-07-2009, 11:43 AM
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Location: Milford, CT
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Its hit and miss, around here they won't let you in unless your a dealer.

I got my truck from my uncles friend who is a dealer and goes to the auction. I paid $7100 which is about $2k-$3k less than what dealers are asking for them around here.

http://www.autotrader.com/fyc/vdp.jsp?ct=c&car_id=260838565&dealer_id=55708250&car_year=2005&rdm=1241707451068&model=CHEV150&num_records=25&systime=&make2=&highlightFirstMakeModel=&start_year=2005&keywordsfyc=&keywordsfyc=&keywordsrep=&keywordsrep=&engine=6+Cylinder&certified=&body_code=0&fuel=&awsp=false&search_type=both&distance=100&marketZipError=false&search_lang=en&showZipError=y&make=CHEV&keywords_display=&color=&page_location=findacar%3A%3Aispsearchform&min_price=&drive=2+wheel+drive&default_sort=priceDESC&seller_type=b&max_mileage=60000&style_flag=1&sort_type=priceDESC&address=06460&advanced=y&end_year=2005&doors=Two+Door&transmission=Automatic&max_price=&cardist=11&standard=false

I wasn't going to buy but truck prices are actualy on the upswing, so if I didn't I would have had to pay probably another G note for the same thing in a month or so.
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  #3  
Old 05-07-2009, 11:50 AM
Actros617's Avatar
Ich fahre dieseltypen
 
Join Date: Apr 2008
Location: Oklahoma
Posts: 1,126
The auction was a weeky event, there were very little agressive bidders most of them were low ballers and tire kickers. I am going there next week once I get my insurence claim wish me luck!!!
__________________
Current Garage & Status
1994 S350 357k mi In Surgery (new cylinder head)
2005 E320 CDI 203k mi In Rehab (maintenance/service)

Sold
1987 300SDL 200K+
1994 S320 181K mi
2008 E320 Bluetec 127k mi
1999 S420 130K mi
1980 240D 360k mi


GONE, BUT NOT FORGOTTEN

1995 E320 Special Edition 220k mi [Rear ended]
1984 300SD 350k mi [Head on collision]
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  #4  
Old 05-07-2009, 11:56 AM
Hatterasguy's Avatar
Zero
 
Join Date: Nov 2002
Location: Milford, CT
Posts: 19,306
Your lucky that you can get in, I'd milk that for all its worth. You should try to buy something easy to sell and sell it after a couple of months at a profit.

The guy that I bought my truck from does that on the side. He bought 3 of them and had them all sold in 3 days. Probably made a G note off each one, all cash of course.
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2017 Chevy Silverado 1500 LTZ
2007 Tiara 3200

"No free man shall ever be debarred the use of arms. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government."
-Thomas Jefferson
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  #5  
Old 05-07-2009, 11:59 AM
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Join Date: Apr 2003
Location: Brandon, Mississippi
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Sort of the opposite in this area. We usually dispose of 50 or so fleet vehicles a month through auction and have noticed a significant increase in sale prices over the last two quarters. I was told that was driven by buyers in the used car market and not the new car market.
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  #6  
Old 05-07-2009, 03:36 PM
Actros617's Avatar
Ich fahre dieseltypen
 
Join Date: Apr 2008
Location: Oklahoma
Posts: 1,126
Yes, what ever the dealers cant sell in their lot (like old cars) drag their cars here and trys to sell them usally with no reserve, i am planning to buy perferbally a BMW (if my mech approves of it) Or a benz if there's any...

__________________
Current Garage & Status
1994 S350 357k mi In Surgery (new cylinder head)
2005 E320 CDI 203k mi In Rehab (maintenance/service)

Sold
1987 300SDL 200K+
1994 S320 181K mi
2008 E320 Bluetec 127k mi
1999 S420 130K mi
1980 240D 360k mi


GONE, BUT NOT FORGOTTEN

1995 E320 Special Edition 220k mi [Rear ended]
1984 300SD 350k mi [Head on collision]
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