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Classic car auctions breaking records br> With investors uncertain about where the real estate market is heading, and whether the tumultuous stock market has settled down, more and more people seem to be parking their money in classic cars. This past weekend's McCormick's Collector Car Auction ? Read more on Examiner.com | Auto Makers are Up; How About Auto Dealers? (CPRT, KMX, PAG, LAS) br> CarMax is trading today in the $ 33.60 range. KMX operates 103 used car superstores in 49 metropolitan markets. The Company's wholesale vehicle auction operator sold 263061 wholesale vehicles through on-site auctions during fiscal 2011. Read more on SmallCap Network | ||||
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Tips for Buying a Car at Car AuctionsArticle by Melanie Cath Summary: Used car auctions remain one of the most popular ways of buying a new car. But remember that you cannot take it for a test drive and there is mostly no warranty. In spite of this there are many bargains to be found. There are many places where you can buy a used car from; a private seller, a used car dealer or at a car auction. And there are several different car auction places; government auctions, eBay Motor auctions and other auction sites. When buying a used car at an auction there are several things you need to be aware of to ensure that you get what you need at a price you can afford. Firstly you need to work out exactly what you do need. It is easy to get carried away when you go to an auction and see the huge variety of cars available. Having a checklist of requirements will ensure that you actually buy the type of car you set out to buy. So before you go list all the things you want in your car. You may want a station wagon or a Ute if you intend to carry a lot of equipment around. If you want to tow a van or boat, you?ll need a car capable of towing that load. Or you may want a small run-about to use as a second car. Whatever you want, you also want it to be in good condition with low mileage on the clock if possible. You don?t want to pay a larger price than necessary for your car, but at a car auction you may get carried away by the excitement of bidding. If you are like this, then take someone with you who has a cool head ? and whom you will listen to when they tell you?ve reached your set limit.Mel writes about car auctions among other automotive related topics. | |||||
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