Barrett Jackson Car Auction A Powerful Player In Repo Car Auction Lore
So, your friends have been begging you to tag along to a Barrett Jackson car auction or a British Blackbush event, but you don’t know if the repo car auction stories you hear are for real? I mean, bidding that starts at 90% below market value sounds just a tad too good to be true and we all know what they say about deals that are too good to be true…
It all depends on your take, your constitution and your vehicle knowledge. If you do your homework and visit a reputable set-up such as a Barrett Jackson car auction or one of the other well-known repossessed vehicle outfits, you can get a deal that will have you walking on clouds for weeks.
These public sales are held all over the world. They are as popular in South Africa as they are in Arizona. While many auto lovers are still not tuned into the opportunities awaiting them at one of these venues, many savvy shoppers steer clear of ordinary dealership lists and head straight for the nearest repossessed car auction.
It is of course quite possible that occasions such as a Barrett Jackson car auction is kept quiet, as many dealers fill their showrooms with the bargains they pick up, and don’t always appreciate the public pushing prices up.
You may wonder why on earth these cars are so cheap and where they come from. Most of the vehicles are seized by government or police agencies under a host of laws. I am talking about thousands per month. To keep them locked up somewhere costs a tremendous amount of money, so it makes sense to get rid of them as soon as possible at sales such as Barrett Jackson car auctions. The urgency behind these public sales explains the low, low prices.
Are these junk sales? Not at all. Of course there may be a lemon or two among the lot, but many of these sets of wheels are fairly new and come with a low mileage. The owner was responsible for luxury tax, so this doesn’t apply at a public sale. There are no hidden fees or costs. You will of course have to make provision for title and registration, but this is part of any deal at a dealership.
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