There is no reason why you should pay top dollar for a used car,  every day more and more people are going online to find cheap cars from government auctions,  GSA surplus auctions, buying bank owned repo cars, ex police cars and  seized cars, even cars for under $1000!  This is exactly what the used car dealers do, they buy wholesale cars from various sources such as the ones we have mentioned above, then they simply prepare the cars for sale and add in their profit margin and put the car on the lot.  Another popular way to pickup a cheap car is to buy a car with minor crash damage and do the repairs yourself, of course there is more risk with this method but if you have an eye for the right sort of deal on a damaged car you can find some real bargains. When your looking for a good deal on a car the key is product research, its a good idea to invest some time and money on this phase of  your car buying exercise. Once you have a good knowledge of the market you can quickly spot a bargain and snap it up.

• Some points to keep in mind when looking for a cheap car online.

• Firstly try the government auctions / car auctions websites as they have access to the best deals
• Invest money in your search efforts, for as little as $30 – $50 you can access car deals that save you thousands of dollars
• When bidding at car auctions always stick to your budgets
• Know your product and your market, take the time to research the cars your interested in
• Don’t get emotional about cars, there are millions of them out there!
• Don’t get sucked in buy used car dealers, make use of them for your research but you will save more money by going direct
• You can make big savings but you need to keep it real, don’t expect to buy last years BMW for less than $1000

You can buy almost any type of car at a government and repo auctions, some cars will drop in value a lot faster than others, luxury cars and sports cars tend to drop the most value in percentage terms. Trucks like Ford and Chevy will hold value than BMW M3 for example, again we are talking in percentage terms. Popular SUV’s such the Chevy Suburban generally sell well on the used market and maintain a decent resale value on the lot. An ex police car like the popular Ford Crown is going to sell at auction for a fraction of its original price so if your just looking for a clunker then they are worth seeking out.