Motorhomes For Sale At Auctions
August 29, 2008
When looking for motorhomes for sale the best deals can often be found by purchasing at an auction. A popular type of auction at the moment is the police auction or seized vehicle auction. At these auctions you can find vehicles that have been repossessed due to non payment, confiscated for a number of legal reasons or you might find used police vehicles that have been recently de-commissioned.
As with any form of buying second hand vehicles there is a certain amount of risk involved when it comes to buying at an auctions. There are those who will say that the element of risk is higher when buying at auctions which may be true but this is always off set by the fact that the vehicles can be obtained at a very low price. With a little forethought ad care you can greatly reduce the chances of having a bad experience.
To start with you should get to the auction as early as you can and take a good look over any motorhomes you intend to bid on. Take with you a mechanic to check over the mechanical side of the vehicle for you.
Due diligence should be taken and vehicle checks should be undertaken by you where ever possible. Do VIN number checks and also check that the VIN number matches all of the paperwork.
An obvious but important to point to make here is on the actual bidding. It sounds a little obvious but it is actually extremely easy to get carried away and bid over the odds for a vehicle that you have your eye on. Prices will start very low but can soon be inflated by under experienced bidders.
There are a few points to consider:
You should have the maximum price you will pay for the vehicle firmly set and do not bid over this amount under any circumstance.
You should arrive at this figure by taking the value of the vehicle and adding to this the 10% commission you will have to pay to the auction house and also the cost of any repairs or modifications you will have to do to the vehicle.
Note:
To find the cost of the vehicle you will not be able to rely upon the prices quoted in the blue book or nada guides. These serve as a general guide and are based on the year and condition of the vehicle. The price of motorhomes however is extremely variable depending upon the condition of the living space and the amount of fittings and extras that are included. The only sure way to get the approximate value of a motorhome is by checking out the press and motorhome magazines for vehicles of similar specifications and condition and basing your own pricing on that.
At our website we have an online for buyers of motorhomes so you will know what to look over when you are examining the motorhome you are thinking of buying. There is also the RV Buyers Guide which shows you exactly how to spot all of the little hidden secrets that a reconditioned camper of motorhome might be hiding.
For a database of police auctions and seized vehicle auctions check out the seized auction site where you can find many motorhomes for sale.
The RV Buyers Guide can be downloaded at http://americanmotorhome.net/
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