Edmunds.com is an excellent resource for researching prices and specifications for new and used cars. The Website lists current dealer retail prices for all makes and models. As a goal, you should limit your highest bid to about 50% of dealer retail price.

The final bidding price of auction is determined by competition with other bidders. Try not to get caught up in excitement of auction. You may even want to consider attending an auction or two prior to bidding on car you want to get a feel for process.

If you are winning bidder, you will need to settle payment with transaction clerk. You can use cash, check or credit to settle bid. Sometimes Auction Company will offer financing. Terms and settlement conditions are listed in bidding instructions. Read and fully understand bidding conditions prior to making any bids.

After you complete your purchase, you will receive an invoice that will allow you to drive or ship your new car to your home. The Auction Company will guarantee clean title to your new car and will aid you in making shipping arrangements if you request.

Although auction process is intimidating at first, it is well worth trouble since you can save thousands purchasing repossessed autos though auctions.

***************************************** Author: Howard Young About: Howard Young is a freelance writer and car buff. He enjoys driving his BMW 530i. Website: http://www.qtautonews.com *****************************************

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