Question by Joanne Lautner: Help with these easy economic questions?
1.)Sticky prices are an example of:
a)labor union influence.
b)government regulation of the economy.
c)economic coordination problems.
d)lack of coordination between auction prices and custom prices.
2.)If prices are slow to adjust, then it is possible that:
a)there will be a demand surplus.
b)there will be a supply shortage.
c)some markets will not be in equilibrium.
d)all of the above.
Best answer:
Answer by cj
b and d
What do you think? Answer below!
So why would you want to buy a car from a federal car auctions? Well, for starters you can save thousands of dollars off the bluebook value of a car or truck. Secondly, most of the cars and trucks at auction cars site are less than five years old in most cases.
Here a few questions most people ask about buying cars at a car auction:
Q: So why wouldn’t everyone buy a car this way instead of going to the dealer or using classified ads?
A: Because this is a much protected source of revenue for the majority of car dealerships and is not advertised to the general public. However, we have gathered enough information and access rights to be able to let our members enjoy a multitude of the direct sources where one could find their next vehicle with up to 90% savings off the book value price.
Q: Are there any warranties available for the cars I buy?
A: Typically, an auction centre or online auction source would offer a 3 month warranty or guarantee free of charge. For extended warranties, a small fee would apply, depending on the source. But in general it’s not a problem, since many repo cars are almost brand new and with documented service history.
Q: Is there a way to check the VIN of the car that I like?
A: Absolutely! Many auctions offer a complimentary CARFAX VIN report before you start bidding for your peace of mind. Or you can order a CARFAX report yourself for any vehicle.
Q: Are these cars in good condition?
A: Yes, Government bodies not only take great pride in the upkeep and maintenance of their vehicles but it’s also part of their organizational responsibility to comply with work safety legislation etc. You will find most of the vehicles come with stamped log books, complete with service history. Also many of them are still under manufacturer’s warranty. Most cars are only 2-3 yrs old and majority has travelled between 40,000 -60,000 kms, or 25,000 – 40,000 miles.
The Truth Where Cars Come From At Online Car Auctions and Use Car Auctions
If you in the market for another car or truck you got to consider buying it at a Federal Car Auction. Instead of paying an inflated amount to your neighborhood car dealer, you can buy your next car or truck at a Government Car Auction for 95% off bluebook value.
Q: Where do these vehicles come from?
A: Government vehicles come from a wide variety of places, but the general rule is as follows: If a vehicle was purchased under a Federal or State government contract then it is eligible to be sold at a federal car auction. When you think of all the different departments and levels of government across the United States, you realize just how many vehicles are up for auction. Some examples of where your new vehicle might have served include:
Federal Government State Government Local Councils OrganizationsPolice Services/departments incl. Sheriffs/Marshalls Dep.Fire & Emergency Services Religious Groups & other Non-profit Organizations Universities & other Education Organizations Hospitals & Ambulance ServicesAlso, there are 1000s of repossessed and seized vehicles that are auctioned off at these Federal car auctions.
Now You Have NO More Excuses For Not Buying the Favorite Car You Always Wanted. Seized US Gov’t Cars from $100. All Makes & Models. Guaranteed listings in All States.
I hope my information on federal car auction was useful to you, and you can get more information by visting the site listed below.
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Are there any auctioneers certified by the government to sell the condemned Govt. vehicles. Who are these auctioneers, details please.
Buying a car is always a big responsibility. But making that choice on where to buy your car is a huge decision that needs to be thought through carefully. There are many choices on where you can buy your next automobile. You may buy it from a car lot or even off of EBay but have you considered local auto auctions as a place to get your next used car?
Auto auctions are becoming quite popular. But there are some things you absolutely should consider before making such an important purchase from an auction. Are you getting the best deal for your money? What happens if something goes wrong? These are questions that you have to think about when it comes to your new purchase. In this article we will cover what auto auctions are and how they can either help or hinder your pursuit of a new automobile.
What are auto auctions?
Auto auctions are places where cars are sold. It could be from a public auction that has several vehicles to sell or it could be from an online auction at such places as EBay. There are also government seized auctions that occur regularly.
The best place to look for these auctions is in your local newspaper. Many companies regularly have auctions at a set place and can offer up more choices in cars, trucks, vans and sport-utility vehicles.
What forms of payment are accepted at auto auctions?
Each auction company has different rules about forms of payment. Some will accept a local check while others out of the area may not. Cash is always a good idea to have when you go to one of these auto auctions.
If you buy your car from an online auto auction you may be able to pay with PayPal and then bring the rest in cash or a certified check when you go to pick up the vehicle. If you are unsure of what form of money to bring you can always call the auction company to see what forms of payment they accept.
Where do auto auctions get their cars?
Auto auctions get their cars from a variety of sources. The cars may be from repossessions foreclosed by the lender or the bank. Some cars come from private owners who want to sell their car in an auction environment rather than through the newspaper. EBay has turned into a popular auto auction site with many dealerships selling their inventory through the website.
Is the seller obliged to state any defects on the car?
There is a huge difference between what a seller should do and what they actually do. This is where ethics comes into play. If the seller knows that the engine is knocking or that the car has been wrecked they should disclose this knowledge to the public before bidding commences.
Many states require that if a seller knows about a particular problem and does not disclose it, they can be held liable if the car breaks down after purchase. Basically it is the seller committing fraud against the buyer and fraud in all states is illegal.
