By on October 21, 2012

Every once in a very blue moon, I’ll go to a mini-warehouse auction.

The realities of this low-down clearance process is completely unlike the miracles and glories that come with episodes of Storage Wars.  You want junky third world quality furniture? Or memoirs of the 1980′s and 1990′s left behind by your neighbors from their very last estate sale before they finally moved to a condominium? The local storage auctions are the place to go. 80% to 90% pure junk.

This is where I recently found this wrecked 2002 Toyota Solara SE with 140k miles. For $375, it was all mine.

Should I…

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By on October 27, 2011
28 years. That’s how long the first and only owner of this 1982 VW Jetta Diesel Coupe kept his commuter. Apparently he didn’t do that much driving. 192,500 leisurely miles with a 55 horsepower engine equates to less than 7,000 leisurely miles a year. That is a mileage figure that borders on the miraculous here in traffic happy Atlanta.
In all my years of buying and selling cars I had never seen one owned by the same driver for such a long period of time. Heck, I was in elementary school when Mr. JT Allison bought this thing! It had been on the lot for at least 8 months beforehand according to the Carfax history and with gas prices cratering by April 1983… I’m sure Mr. Allison didn’t pay any more than $8,000 for this thing.
So… what should I do with it?
By on October 10, 2011
I buy a lot of cars from the last week of September thru mid-November. This is a dead zone for the dealer side of the business. We have no major holidays that encourage spending. No Christmas bonuses or tax reasons to spur demand. Plus a lot of the auto finance companies try to liquidate their used inventory so that they can hit their earnings for the year.
A lot gets sold and if you’re quick about it, deals can be found.
By on September 27, 2011

There are two extremes when it comes to minivan buyers. There are those who want all the options and knick-knack’s checked and marked for their next Mommy-mobile. Automatic dual sliding doors. DVD systems that can offer a continuous loop of ‘Barney’. Fortress like levels of safety and space combined with enough airbags and sound insulation to make even the worst of traffic a passing thought.

Then there’s the buyer for this minivan.

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By on September 8, 2011

What would be your ideal car? Would you like to have the best of the best? A car that offers all the power and luxury an enthusiast could ever desire?

Or are your tastes a bit simpler? An amply powered but safe utility vehicle that will let you do all your work without a hint of regret about scratches or four figured maintenance bills.

This ‘ideal car’ question yields a thousand shades of gray in practice. Take this Mazda MX-5 for instance.

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By on August 30, 2011

$100,000 can buy you an awful lot of cars these days. This morning I could have bought a 2011 Lotus Elise with 1100 miles ($42k), a 2003 Chevrolet Corvette Z06 with 16,000 miles ($24k), a 2003 BMW 745Li in mint condition with 80k (18K), and enough left over to take my family on a two month cruise.

But back in 1989 I could not have bought this car brand new for $100K. Not even close. A Mercedes 420 SEL would have set you back $111,000 in inflation adjusted terms before adding options, taxes and bogus fees.

I ended up buying the one pictured a few weeks ago for $1300 (and $115 auction fee). Should I…
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By on August 22, 2011

The 1st generation LH sedans. Dodge Intrepid. Chrysler Concorde. Eagle Vision. These three beautiful masterpieces took Chrysler from an amortizing also-ran to a technological front-runner.

They offered everything back in the day. An optional 214 Horsepower engine that used the twice as expensive Acura Legend’s engine as a benchmark. Cab forward styling that transformed Chrysler’s bread and butter cars from staid three-box K car creations to coveted sleek machines. Oh and the features? Unbeatable for the time. Traction control. Leather seats that were angus thick. Infinity sound systems. They were hard to beat… and yet so easily beaten.
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By on August 9, 2011


Kia no longer exists. Yes there is that Hyundai subsidiary now known as Kia. But before Kia Motors went Chapter 11, there was this strange Korean company that sold spasm inducing horrific vehicles.

I’m not sure any female car enthusiast would ever be happy with the name Sephia. Just saying that name alone can induce ugly flashbacks for prior owners and dealers. Sportage rhymed with ‘shortage’ and had parts that may have indeed come directly from plastic soda bottles and aluminum foil. Then there was this plain wretched thing…

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By on July 19, 2011

 

I was happy as can be this past Monday. A 1999 Firebird with T-Tops was bought for the princely sum of $2750 at a recent sale. Then there was something I hadn’t experienced in a long while. A $300 car. A ‘good’ $300 car. The type that may have nothing more than a banged in door or a mechanical issue easily corrected by visiting an enthusiast site. The car in question was a 1986 Toyota Cressida. Older than dirt as far as cars go.

But then again could I…

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By on July 7, 2011

What is luxury?

Back in 1999, that was an easy question to answer in the U S of A. Three Letters: S U V . When I first started in the auction business these mastodons absolutely dominated the marketplace. You could go to the nearest Ford factory auction and quite literally pick out your colors, trim, and options. Want running boards, all wheel drive and a trip computer? Sure. Want it in Black with the all too common grey interior? Absolutely! Want to get it all in a model exactly like the Ford Explorer but call it something different for the hell of it? Well, why not!

The 1999 Mercury Mountaineer rang up at $30k loaded when new. 12 years, $4 gas, and 180k miles later, I bought it at a public sale for $1200. Should I… Read More >

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