Showing posts with label Auction. Show all posts
Showing posts with label Auction. Show all posts

How to Get a Motorhome For Sale at a Police Auction

All across the country you will be able to find police auctions and seized auctions where you can bid on used motorhomes. Many of these vehicles are won with a end bid that is just a small fraction of the true value of the motorhome.

A poplar type of auction is the Repo auction or repossessed auction. These auctions have a wide selection of vehicles on offer which have been repossessed due to foreclosure and need to be sold off as quickly as possible. The beginning bids are commonly very low indeed. Most of the vehicles are in good health but occasionally you will find older models that need checking over more wholly beforehand.

Motorhomes For Sale

Another class of auction that is similar to the repossessed auctions is the police auction or seized auction. The vehicles up for auction here have all been confiscated by the authorities mostly due to being deemed as a ensue of illegal earnings. Most of these vehicles are in very good health too.

Police auctions and repossessed auctions don't seem to be publicized very much and are principally attended by members of the trade. They are any way open to the public. There are a few websites that comprise details of upcoming police auctions and the vehicles which will be on offer. See the link at the end of this article.

Here are some pointers to help you get the best deal inherent at auction:

Firstly you need to get very clear on the type of motorhome you will be bidding on before attending the auction. It is no good going to the auction to search for different styles of Rv. The viewing time at the auction should be spent intensively checking over every detail of any candidate vehicles. If you are not sure as to which Rv is best for you then borrow or hire one for a few days to see how it goes and you will get a good idea as to the size and class of Rv which will be best for you and your family.

You need to spend a great deal of time scrutinizing any car you intent to bid on. search for the engine, the brakes, the underside, the bodywork , the roof, the heating, the electrics, the seating, the cupboards, the air conditioning and all things else. Don't forget to enlist the help of your local mechanic friend too. Take notes of whatever that needs repairing or replacing.

Next you need to assessment a price. You should be aware of the general price bracket for the type of Rv you are finding at and the age. Make sure you have the motorhome press with you and check out other similar vehicles that may be for sale there as a guide. Add to your price assessment the price of the repairs that you noted down before and there you have your value. This should be your absolute maximum bid as bidding higher would mean paying more than the car is worth. In most cases the bidding will end well before reaching your valuation figure.

How to Get a Motorhome For Sale at a Police Auction

Motorhomes For Sale At Auction

A seized auction or a police auction can be one of the best places to get a great business transaction on a good motorhome. This type of auction is just like any other auction except for the vehicles on offer have all been repossessed for one conjecture or another. Some through have been seized for non-payment and others as part of bankruptcy repossessions. Most of the vehicles ready at these auctions are not that old and seem to have undoubtedly low mileage and are more often than not in good condition.

One of the great things about these auctions is that the opportunity bids are usually undoubtedly low and some improbable bargains can be had. Occasionally the bidding does get carried away and care must be taken not to get pulled into bidding over the odds for what started out as an apparent bargain.

Motorhomes For Sale

When buying from one of these auctions the first thing to do is to have a thorough look over the vehicle. Take a mechanic with you if you can to check over the motor and the driving side of things. Make sure that all inside the motorhome works, check out the heating, air conditioning, refrigerator, stove etc. Make sure that all of the lockers and doors both inside and outside the vehicle are working. Check for damp patches in the ceilings in the corners and behind the units and at the back of the lockers. Also check for damp around the carpets near the kitchen area and in the bathroom. In short, give the motorhome a thorough looking over whilst making notes as you go of all that doesn't work or that needs attention or replacement.

The best way to put a price on a motorhome is to find a similar model with similar fittings. You now need to work out an approximate value for the motorhome. You will not be able to use the 'blue book' or 'Nada' prices as definite guides due to the fact that these only take into inventory the vehicle model, age, mileage and allembracing condition. They do not take into inventory the fittings and fixtures included nor the allembracing health of the living areas. To be able to price a motorhome effectively you need to study the prices of similar models for sale in the local press or in the specialized motorhome press.

Once you have an idea how much the motorhome you want to bid on is worth you can work out your maximum bid. Check the notes you made earlier and work out how much it would cost to put right the problems you have noted down. Add to the price the auctioneers fees and commissions which are usually about 10%. This will give you your top price for bidding. Any bid over that price you might and you will be paying over the odds for the vehicle.

More often than not there are many other vehicles at the auction and the auctioneers will be trying to get through as many as inherent in the one day. For this conjecture they tend to make the starting bids very low. With a bit o luck you can take advantage of this as there will be few habitancy attending who are in the store for motorhomes. This means that you should be able to get the motorhome of your selection for only a fraction of the price you have calculated as its value. At times however you will find that the price becomes elevated by fresh and over zealous bidders. If this happens you should plainly back out and wait for the next vehicle or the next auction. Try not to come to be tempted and sucked into a bidding war once your upper bidding limit has been surpassed.

You can find seized auctions and police auctions which are held usually at many locations all over the country. To find out the details you can get way to a usually updated database which holds the places where the auctions will be held along with a list of the vehicles that will be on offer. The Seized vehicle Auctions web site and the
Auction Pass web site are two reputable sites where you can get way to these databases.

For more data and ideas on how to find used campers for sale and how to value them see our web site listed below.

Motorhomes For Sale At Auction