Quote:
Originally posted by Old528e@Apr 16 2004, 01:00 AM
Quote: | There's probably better bargains [with less risk] at local sheriff's auctions and estate sales. That was my experience, anyway. | Iv been considering trying one of those. Are they all that they seem to be? |
I think it still falls into the "right place, right time" category. i.e .hit and miss.
Ideally, you want to be the only one bidding on the car. The more people that know about the auction, obviously the more people that may show up looking for the same thing as you. I think it's possible to get a real good deal, but I think it takes lots of driving around and finding lots of auctions to find what you want, where you don't have 40,000 other people bidding on it to drive up the price.
I think [sheriffs and other] auctions are totally relevant to your marketplace. As a place to start, all it takes is a little leg work and a little time to check them out.
I got a tip on an estate auction happening up here soon. Word through the grapevine is that there will be something there worth bidding on. I'm planning to check it out, in hopes of getting an opportunity to get something I can resell very quickly for a small profit. ('94 3 series.)
But as I say, if there's another dozen people at the same auction all bidding on the same item, it won't be a bargain... we'll see.
