How to Benefit from the Car Industry Crisis - It's not all doom and gloom for the general public, however. Smart buyers are cashing in on the bargains available through auction houses |
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You are here: DIME Home > Business > How to Benefit from the Car Industry Crisis
It's not all doom and gloom for the general public, however. Smart buyers are cashing in on the bargains available through auction houses
Author: James Cooper
Date: May 3, 2009 - 8:21:05 AM
Global Economic Crisis. Credit
Crunch. Catch phrases we have all become too familiar with in recent times.
With official figures showing new car sales in decline by 20% it's no wonder we
are all nervous about investing in the second most important purchase after our
homes.
It's not all doom and gloom for
the general public, however. Smart buyers are cashing in on the bargains available
through auction houses. With prices below retail and a huge range of vehicles available
at all times, it appears that it pays to start bidding for a bargain.
Even better, it's no longer only
used vehicles going under the hammer. Dealership liquidations, whilst
unfortunate for the automotive industry, are providing a win win situation for
car buyers.
In the
But buying
at auction isn't a new phenomenon. With products ranging from general and
government vehicles, to classic and prestige, trucks, machinery and earthmoving
plant equipment, damaged vehicles, IT equipment and general goods all up for
the taking, auction houses are not only surviving
current economic conditions, they are
thriving. And in return, major savings are being passed on to final consumers.
With
economic times making us all increasingly budget conscience it's important to
maximize your dollar, wherever you are spending it. If a new car is on the list
of "to do's", why not explore the option of buying at auction? And
take note, if bidding in an auction is too overwhelming, many auction houses
now offer consumers a buy before auction facility, allowing you to secure a
vehicle at a set price.
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