Every day our customers buy many cars through our service and save BIG. We give people the chance to buy cars at auction without a dealer license, and anyone can try it. It costs nothing to try. Our service can be used by both beginners and experienced buyers. I see these purchases all the time and sometimes I ask myself: what car would I buy if I had, say, $5,000? Could I save even more than my customers? Let’s go through this path and see how much I can save.
So, starting point: I have $5,000. I want a cool car that looks nice, is comfortable, reliable, and simple to fix and maintain. I think with this budget it’s hard to find a car newer than 2020. That’s why I’ll search for cars that are 5-12 years old. It’s a big group, but I’ll explain why I did that.
We got 100,000 vehicles. My next step is to set the mileage. I want a car that is reliable, so I’ll choose up to 60,000 miles. The higher the mileage, the more care and repairs it will need. That means more costs, and I don’t want to go over my $5,000 budget. Of course, higher-mileage cars can also be a good deal, but it’s very important to check the history and service records first. You can find this in Carfax and VIN.Doctor reports.
After I set the mileage, results dropped 10x. My next filter is seller type. I know insurance companies usually sell cheaper than dealers or other sellers, so I choose insurance.
Now there are about 5,000 cars. Next step is condition. I want run and drive, because this means less chance of extra repairs. But there’s also a secret about this I’ll share later.
Now there are a little over 3,000 cars left. It’s still a big number, especially since I haven’t decided exactly what I want. My next important filter is document type. I have 2 choices:
- Clean title – easier to resell, no inspection at DMV, lower insurance. But they are fewer at auction and cost 25-30% more.
- Salvage title – no problem to register, just a bit higher insurance, and resale price will be 15-20% lower. But you save a lot on the auction price.
So I’ll pick both clean and salvage.
Now I sort by odometer value. I want low mileage if possible. Some cars will show 1 mile, but that only means auction doesn’t know the actual mileage, so I’ll skip those.
And I immediately find a great one – 2019 Nissan Kicks. A compact SUV with minor side damage and only 3,600 miles. It may be a bit over budget, but I’d definitely try to bid on it.
My first choice is a 2013 Subaru Legacy.
It has minor front damage, a detailed damage report from the insurance company, super low mileage, a clean interior, Subaru’s signature AWD, and what’s important – sale status pure sale. This means the seller has no reserve price, so I could try to buy it very cheap.
A similar car with the same mileage sells for almost $11K. That means I can save about $5,000. A great deal if you like Subaru. But I’m not a big fan, so I keep looking.
My next choice is a 2016 Cadillac ATS.
It has a clean title and minor front damage. The final bid could be around $3,000. Cadillac isn’t the best fit for me because of repair and service costs, but a similar car with the same mileage and accident history sells for about $21K. I think that’s too expensive and you could easily buy it for $15K. Still, I could make at least $6,000 if I wanted to flip it.
And my final choice is a 2014 Ford Taurus.
It has a cool SEL trim, low mileage, a 288-horsepower V6, a 10-way power driver’s seat, and heated front seats. It’s a big, comfortable sedan with a premium interior. I can save about $5-6K, it can be a great deal!
And, here’s the secret I promised. There are many great cars listed as not run and drive for just one reason – they don’t have keys. If you filter by damage – theft and vandalism, you can find an excellent deal.
Look what I found – a cool Lexus RC with stolen wheels and stereo. The car is sold without keys, and I’m sure this could be a great deal. It’s a pity it’s above my budget, but whoever buys it could save around $10K!
I hope you now see that choosing a car and saving BIG is not that hard. Just follow my tips and reach out if you have any questions. Happy bidding!
