English: Foreclosure auction 2007 (Photo credit: Wikipedia)

Before purchasing a repossessed or foreclosed trucks for sale, know what kind of documents are involved in the process. If you don’t know what these documents are, here are some guidelines.

What are Foreclosed Vehicles?

Most people use the term “foreclosure” and “repossession” interchangeably. Though they may have subtle differences, they are similar in that both involve taking away a collateral property when a borrower cannot meet his payment deadlines for a loan he took out. When the collateral property is a vehicle, the better term to use is “repossessed” or “repo cars.”

Although foreclosure is usually used in the real estate industry, many car dealers have extended its usage to involve cars. These foreclosed vehicles are usually sold by lenders through auction.

Documents Involved in the Purchase of Foreclosed Trucks for Sale

There are several advantages of buying foreclosed trucks for sale. For one, they are much lower in price because lenders would want to find buyers for these vehicles as soon as possible. Also, these cars don’t require much paperwork, so buying a repo car is hassle-free.  Read more... (483 words, 1 image, estimated 1:56 mins reading time)

Posted under Foreclosures

Where do you go to find a new vehicle? There are so many places that sell cars, public and private. Some are upstanding citizens that will help you get the best deal possible. Unfortunately, some are not and will try to squeeze out every last dollar you have. That’s what many think about car dealerships these days. If you want to find a good deal going though a private sale is the way to go.

You might want to begin by checking out your local newspaper. The classified section is a great place to start for deals on new and used cars available in your area. There are also specialized guides that contain classifieds listings for cars all across the U.S. Your dream ride might be right there, waiting for you on the East Coast. Or maybe you want to try a new way to find a car.  Read more... (448 words, estimated 1:48 mins reading time)

Posted under Fleet Car Auction

Dodging the economic bullets

With an economic global crisis in full swing, you are probably finding that selling a car is a bit of a frustrating proposition. You have to sell yourself and your products as well as work with lenders to get your customers financing. During an economic crisis you are going to find that you will have to work twice as hard to sell a car. This is when you are going to have to be at the top of your game in order to get customers in the cars they want and lenders convinced that they can afford them.  Read more... (469 words, estimated 1:53 mins reading time)

Posted under Fleet Car Auction

That seems like an odd question doesn’t it?  But in reality it’s actually a very good idea. To be a successful car salesperson, you need to be able to follow a set formula that works for you in order to present yourself as a professional that knows how to sell cars. Thinks about the steps you take to make a car sale: you greet the customer; you build up a rapport with them to make them relax; you investigate their particular needs through conversation; your present the vehicle to them with a brief rundown of feature; you demonstrate the vehicle to them with a more detailed run down and take it for a ride; you overcome any objections they may have with truthful statements and logic; and you close the sale. Phew, that’s a lot of stuff!

Why a script?

Your personal sales script will allow you to tackle the basic steps outlined above in an effort to gain the trust and confidence of your customers. You will be able to avoid awkward moments in the process and maintain your professionalism, especially as you learn to deal with things such as objections from your customers. You can present yourself as someone who is knowledgeable about the product they sell and not like you are fresh out of the car sales academy.  Read more... (465 words, estimated 1:52 mins reading time)

Posted under Fleet Car Auction

Car Warranties, What You Need To Know

Car warranties can be very beneficial as they can help you should an unexpected situation arise with your car. However, don’t get too excited yet. There are some things you should know before you purchase that car warranty.

Know Exactly What’s Covered And When The Warranty Expires

Unfortunately some people have been paying on coverage that has expired many years ago. And when something happens they realize they aren’t covered. Don’t let this happen to you. Make it a point to keep your policy information in a place where you can easily get to it. The glove box is a great place. Whenever you have to replace your proof of insurance check to see if your warranty is still valid.

That will let you know if you are still covered or not. And one quick note about warranties. Technically speaking warranties aren’t really warranties. They are actually just another form of insurance. And just like insurance, things such as deductibles and what’s covered will vary according to the policy. That’s why it so important that you really read the fine print so you know exactly what you are getting.  Read more... (529 words, 1 image, estimated 2:07 mins reading time)

Posted under Extended Car Warranty