When and why do we go to car auctions? What is there in these assemblies that attract people to go and attend them? The first and most important reason is, obviously, cars. You do not have to be a passionate auto enthusiast such as being involved in racing to be able to attend an auction. Just driving or buying is enough reason to be there.
As cars are essential in today's fast-paced city life, it is normal that the young should want to buy one. Aside from its practical function as a transport vehicle, a car, especially one of the late model editions of better known brands can be a status symbol. Even the most modest man cannot deny the delight of being in the spotlight.
There are many ways you can own a car. Some people get theirs as gifts - very lucky for them! Some others have the good fortune of a car lease plan that goes with their job. They get to own their cars in easy installment payments to the company without the added financing costs. The company also benefits from the scheme as it facilitates performance of jobs and gets to enjoy an opportunity for discounts and other bonuses for packaged deals such as company fleet purchases.
Companies may also let its employees use cars from its fleet without them worrying about fuel and maintenance costs, which are all shouldered by the company. They do not need to worry about mortgage payments the way they have to if they bought the cars on their own.
These company fleet cars are often due for replacement after about three years. They are turned over to professional auto auctioneers to be offered to the public. These are best buys for those who are setting their eyes on cheaper but still of excellent condition pre-owned cars. They have stiff competition, though, from bulk car auction buyers such as second-hand auto dealerships who make good business from buying and reselling cars for a profit.
If not lucky enough to get your dream car from any of the several car auctions in your area, used cars from the neighbourhood garage are your next best option to acquire your "start-up" car. But if you have the patience and are not that pressured to get your dream car quick, maybe you will have better luck with the next batch of cars up for auction.
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