You Paid What Blog

Friday, July 24, 2009

Buying Used Cars at Low Prices


Getting different options is the only way to get the best deals on used cars. Looking for good used cars for sale takes time and a bit of studying. There are different ways to look for a car for sale. Most people go to used car dealers and compare prices, but if you really want to find great deals there’s much more work involved in it.

Below are some things to consider when looking for used cars for sale.
Finding a great car for sale, at a good price

People have to understand at a used car dealers lot, the profit from the sale of one of their vehicles is around $3,000. For you to find deals on used cars you have to get around this by not purchasing any used cars for sale at any used car dealers lot.

Understanding wholesale prices for a cars trade-in is the best way to begin to understand the value of used cars for sale and the reason for this is so you understand what used cars are sold at private dealer auctions for. So the best way to negotiate when you look at a car for sale, is to always remember whatever the vehicle is being sold for at the used car dealers lot, take off $3000 and then go from there.

Other ways of finding a good deal on a car for sale:

Public Vehicle Auctions: I think this is one of the best routes to take if looking to get the car you are thinking of buying below the actual trade in value. Used cars at public auctions are usually a lot cheaper to buy from and anyone can go to them, there is no dealer license required when going or buying a vehicle from these types of auctions.
Most of these vehicles come from either, police seized cars or the bank will send all their vehicle repo’s to them.

Most of these cars at these public auctions are usually vehicles with high mileage, and a lot of them need repair work. But that said, I would say that 25% of the vehicles there have low-mileage, and are fairly new. Also because of the financial crisis we are in now, this is becoming a popular way of buying your next vehicle.

Car Brokers: Most car brokers get their vehicles primarily at private dealer auctions. This means they pay the going rate for a cars trade in value at the auction. But because car brokers don’t have as much overhead as used car dealers do, their prices are much lower than a dealerships is.

People have to realize that when using a car broker and depending on what the broker paid for the vehicle (at the auction) the price will be a lot closer to trade in value when the consumer buys the vehicle. So this should be cheaper to the consumer whoever decides to buy from a car broker because of their limited overhead. So whatever way you do decide to purchase your next vehicle, try and remember some of the things that were written here and you should be okay.

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Friday, April 10, 2009

Different types of car auctions


Being able to use a car auction can be an awesome way to get great deals for used cars. Sometimes people look for used cars for sale so they can buy them and flip them for a profit. But before you look for any car for sale you must understand and research what type of car auction can be available to you and what each of them offers.

Online Auctions- for used cars

Online auctions allow you the buyer to purchase and bid on used cars for sale from all around the world. Most of the online auctions take place through websites that provide a live internet feed to watch the car auction live, EBay Motors and Yahoo! auctions are just a few to mention. A car for sale at these online auctions binds you to a legal contract when you buy the automobile for the price you offered. Try to avoid getting in a bidding war this will help you because online auctions tend to have higher prices.

Public auctions for used cars for sale

Public car auctions are held at physical locations that you may attend, but you can also bid on the phone for that particular car for sale that you are interested in to. Most of these car auctions are very popular with people who can watch used cars go through the auction via internet or tv.

Unlike most wholesale car auctions these can be very competitive when you take a look at some of the other auction formats and find out fast prices will rise when bidding on a car. I would suggest that public car auctions are a great place to get a vehicle for a good price if it is not highly sought after.

Wholesale car auctions

Wholesale used cars for sale at auctions are completely different than public auctions. You can only be a car dealer with a license to purchase used cars at these auctions. When you find a car for sale at most wholesale car auctions you most likely will see rental company’s vehicles that they have found to outlive their value. A lot of the times you may also see car dealership to car dealership auctions in order to move overstock vehicles around. Like I said before unless you have a dealer license these auctions are only for car dealers and you would not be allowed to bid on these vehicles.

Get a car for sale at a police or government car auctions

A lot of people love these types of car auction. Police forces and governments seize these used cars because they may have been involved in illegal activities. Police and governments, through court procedures seized the vehicle and now want to sell it through one of their own auctions. Also police forces and governments sell their used cars for sale at these auctions, they feel these vehicles have worn out there time and put them up for sale to. There are a lot great options when looking for deals at auctions, but be sure to investigate thoroughly and know what you’re getting yourself involved with before you make any decisions.



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Monday, January 12, 2009

Canadian and U.S private car auctions


Most Canadians don’t even realize that there are private used car auctions throughout Canada and the U.S. and they are only available to licensed car dealers. This all about to change now, Youpaidwhat.ca is now offering to help Canadians get wholesale used cars for sale at these very same car auctions that are only available to license car dealers. Imagine the thousands of dollars you can save at these private car auctions.

Most used car dealers do not want you to know about these private car auctions, because of the thousands of dollars they add on top of the wholesale price. At Youpaidwhat.ca we do not do this with our customers. Our professional sales team sits down with our customers and goes over all there wants and needs and searches throughout these private car auctions in Canada and the U.S. to get them the closes price to wholesale that they have ever seen.

At Youpaidwhat.ca we are changing the way cars are sold to the public and saving them thousands of dollars at the same time. Buying in Canada or the United States has never been easier when purchasing used cars for sale at these private car auctions when using Youpaidwhat.ca. We handle all shipping, Canadian customs paper work, (if it’s a U.S. car), emissions test and if it’s a U.S. car we make sure the vehicle is in Canadian compliance before we give the keys over to you. We basically handle everything, so come check us out.

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