Hi folks!
I want to buy a used car and my budget is at max 10k but really looking for a good deal at around 9k. I am looking to buy a used car, probably one from Honda, Toyota or Nissan (if any other name comes to your mind that has low maintenance cost and good resale value, please suggest). After cramming the craigslist and going through dealer offers I was wondering is there any other way to buy a used car- Auctions! Why not!?
1. Can anyone throw light on how buying a car at a car auction is like?
2. Is it highly risky?
3. What are the pros and cons of buying a car at auction?
4. Is the money saved really worth the uncertainty we buy along with the car?
5. What are potential auction sites/companies I should look for? I live in Los Angeles, CA.
My background:
26, working in an IT company, international, may leave US in 2 years so looking for a car with good resale value. This would be my first car. Debt free. Can pay all cash for this car - no financing. Please feel free to ask any questions!
This is my first post, I'm so excited to join this community!
Thanks guys!