Imagine being in the position to have your pick of a luxury fleet of cars. That’s a fantasy that most males have had at least once in their lives – other fantasies may be unprintable! Be it an Aston Martin, Bentley, Ferrari, Mercedes, Porsche, Lamborghini or Maserati, your driving fantasy can become a reality. It really can! Read on. This isn’t spam, trust me, this isn’t a scam, trust me… You needed be a stock broker or merchant banker with cash coming out of your ears in order to make your ultimate driving dreams come true. Gone are the days where you roll up to buy a brand spanking new motor with a wad of notes in your back pocket – or in a briefcase depending on whether you’re buying a car or a prestige car!
Forget buying, leasing is the way forward – especially given the current economic downturn where new cars depreciate as soon as their driven out of the showroom and continue to do so at a rapid rate. You just have to step back and take a look at the state of the car industry to see that less and less people are buying brand new vehicles. That doesn’t mean to say that people are simply not upgrading their cars, more so that prestige car leasing is on the increase due to its many advantages. Prestige car leasing has become increasingly more popular, which is no real surprise given that you can get behind the wheel of a brand new Mercedes-Benz C Class for just 259.99 pounds per month, or an Audi A4 cabriolet for 279.99 pounds per month. Or for something that little bit sportier how about a brand new Audi TT for 359.99 pounds per month? Or for something with a bit more prestige how about a Mercedes-Benz CLK for 379.99 pounds per month? That may seem expensive but when you take into account the fact those brand new cars depreciate by 20 per cent over the course of their first year of ownership. So, for example an Audi A4 cabriolet costs around 30,000 pounds on the road, which means it is likely to depreciate by around 6,000 pounds after the first year of ownership. Find more information on best car covers outdoor.
To lease a prestige car such as an Audi A4 cabriolet costs as low as 279.99 per month meaning it will cost you 4,200 pounds to lease for the first year including the initial down payment on the car. That’s a considerable difference, plus you haven’t got the worry of servicing and repair as that is covered by the leasing company – and you haven’t got the hassle of selling or part exchanging the car (which the value of your car always takes a hit on) when you come to upgrade it. Now you’re interested aren’t you! Especially as you don’t have to stump up a huge down payment or get fleeced paying interest on hire purchase or loans. Prestige car leasing is the easy way to get behind the wheel of the car of your dreams, for more reasons than one – drivers are voting with their feet, as the prestige car leasing business is heading on an up curve when the car industry is falling down around its ears!
How to Get a Better Car on a Budget
Recession or no recession, we still have to get around and we need to get around as quickly as possible. As reliable as the Government try to make public transport it just doesn’t seem to happen and until it does people will continue to buy and indeed, want, cars. However, cars are not a cheap commodity. UK drivers spend a fortune every year on replacing worn out cars for new or used ones as do companies who own a fleet of them. However, there is never a good time to splash out on this expense and very few people have spare cash to just go out and buy a car. So, what is the alternative? Well, one of the more cost effective options of transport is car leasing. When a car is purchased from new, you immediately lose a percentage of what you paid for it. Simply driving it off the forecourt reduces it’s value. This is not a problem with car leasing. You pay a relatively cheap monthly figure for the car, giving you unlimited mileage and the peace of mind that you don’t have to pay for servicing. Most car leasing companies will also include a breakdown cover within their leasing packages which adds to your peace of mind. It is also the most likely way most of us will afford a luxury car to drive around in. Instead of the extortionate prices that a manufacturer charges for a payment scheme you can find a much more affordable car leasing deal which could possibly mean that you can afford a higher range car. Car leasing is no longer restricted to Ford Fiestas and the like. You can now get yourself a Rolls Royce, Porsche or Maserati under the same terms. Car leasing is also a wise option for companies who need to supply their employees with company cars. Again, you have the freedom from the worry of servicing and depreciation and the cars can be traded in when the miles are clocking up.
When vehicles need replacing, the alternative to car hire is also to buy a used vehicle. However, this avenue is fraught with dangers. You can never be quite sure that you are getting a reliable vehicle that won’t break down as soon as you drive down the road and the warranty that comes with these cars is very limited. Buying from a private buyer is even riskier and many have been disappointed to buy a car that looks good but turns out to be an old banger and there is no recourse when buying a car this way. Often, you will return to the place where you purchased the car just to find they are no longer there and you are stuck with a car that needs numerous repairs. Of course, you do have the options of either buying new which is costly but if you can afford to then go ahead. There is also the option of trying local public transport and this can work if you have a regular, reliable commuting route. There is also vehicle sharing if you work with other colleagues who come from the same area. Above all these options though, given the current economic climate, the car hire or leasing option is the most viable, cheapest and easiest.
Seized Car Auctions 101
Seized car auctions or government car auctions are hot spots for anyone looking to buy a repossessed or seized car at dirt cheap prices. These auctions can offer you a used vehicle in good condition for as little as 80% off the retail value and even $100 in some cases. Thousands of automobiles are seized everyday through the different seizure and surplus laws by government agencies and made available to the public through seized car auctions.
Government Agencies that Offer Seized Cars for Bidding
Seized or repossessed cars are put up for sale by government agencies like the General Services Administration, the Internal Revenue Service (IRS), US Marshals Service (USMS), US Customs Service (USMS), Small Business Administration, US Department of The Treasury, Homeland Security, Department of Defense Reutilization and Marketing Service (DRMS), Department of Agriculture (USDA), US Department of Defense (DOD), Department of Energy (DOE), State and Local Police departments, US Bankruptcy Court and so on.
Types and Makes of Repossessed or Seized Cars Available at Such Auto Auctions
SUVs, sedans, trucks, specially-fitted patrol vehicles and other kinds of automobiles are available for bidding at these auctions. Do not be surprised to see different car makes including luxury brands both Japanese and Continental at these places. Car makes like Honda, Nissan, Toyota, Lexus, BMW, Mercedes Benz, Acura, Cadillac, Infiniti, GM, Ford, Chrysler and even top of the line wheels like Ferrari, Maserati, Porsche, Lamborghini and Aston Martin can be found at a small fraction of their original prices. Many of them fall below the 3 year old mark and have covered mileages of less than 35,000 miles.
Why are Cars Seized by the Government and Sold Cheaply in Auctions?
There are various laws governing the seizure of vehicles including anti-mob laws and tax laws. Some of these cars are seized from drug and criminal syndicates. Others belong to folks who default on tax payments and these are normally acquired by the IRS. Yet there are others who are caught in bankruptcy suits that led to the eventual surrendering of their automobiles to the government agencies. Everyday, thousands of cars end up in seized car auctions because the government agencies do not wish to waste money in maintaining them.
Who Can Take Part in These Seized Car Auctions
Until recently, many people do not know about these auctions. For a long while, these auto auctions are privy only to used car dealers. So these businessmen have been keeping mum about it and quietly profiting from them. Seized car auctions are either closed or open. Closed auctions are open only to those who have an approved license to bid, while others are accessible to the general public. As long as you are above 18 years of age, you can purchase a repossessed used car at the auction. Do not envy those who are driving cool sports convertibles when you can drive one home today. See my blog to learn more about these seized car auctions. Finding an insurer for a 2007 BMW 335i Coupe, Maserati or a Rolls Royce isn’t as easy as finding one for that Ford Echo. Decide whether you’re a daily driver or a “Saturday Nighters.” You must tell potential insurers an accurate estimate of their annual mileage. If you just take your baby out on sunny summer Sundays for a drive in the country or to cruise one Saturday nights, you can save big on insurance because of the low miles driven. Less than 5,000 miles is usually the limit.
Club members are always willing to share tips about such things as upkeep, special problems and maintenance as well as sources of parts and even insurers. 4. Ask for discount auto insurance. Beyond anything else, ask the insurance company what memberships you could belong to or what you could add to the car (a security system generally helps) to get the best coverage at the lowest price. You could see the costs fall in total. 5. Don’t forget to tell your insurer about that $5000 audio system or other expensive after market accessories that you’ve added on. They might not like that nitrous oxide super charger, but if you don’t disclose it, it may not be covered in a claim. Use these tips to help you to protect that beauty so you can feel the wind in your face and just enjoy the scenery.