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There are many types of auctions.? Some of the most common are Charity, Estate, Liquidation, Consignment, Auto mobile, Antiques, Coins, Storage units, Foreclosures, real estate, and many more.

The types of car auctions in the market are virtually limitless, with most selling to used car dealers, not individual buyers. But be careful not to let the excitement of bidding make you pay more than a car is worth.

1) When buying a new car, the value of the car falls as soon as you drive it off the showroom floor. With repossessed cars, that value has already taken the plunge and it loses value more slowly.2) Depending on the brand, you save a lot of money on a repossessed car. Some brands lose value faster than other brands.3) When buying a relatively new re

Sometimes your bank or credit union will allow you to look at their repo file, which lists all the cars and trucks they have repossessed and would like to sell. Often the lender just wants to recoup their losses, so you can get very good deals this way. Sometimes you can even get financing for the car directly from the lender that owns it.

An auction is a process of buying and selling goods or services by offering them up for bid, taking bids, and then buying the item to the highest bidder. The open ascending price auction is arguably the most common form of auction in use today.

 Step 1: Keep an eye on listings in local papers Often police auctions will advertise upcoming dates along with a listing of items and vehicles for sale. Step 2: Look online. Step 3: Discover the terms of the sale. Step 4: Examine auction listings.