Auto Auctions and Vehicle Inventors (Henry Ford)

Auto auctions can be a very useful source andCompany in 1891. Ford once took part in a
venue for a potential car buyer to get a goodmeeting of Edison executives in 1896, and he was
deal. Most car auctions advertise their list of itemsintroduced to Thomas Edison, who approved of
in newspapers, on television, and on the Internet.Ford's automobile. Ford then went on to design
On any given day there are thousands whoand build another vehicle. He completed this in
default on their car loans or lease payments1898. Eventually, he resigned from Edison's
across the country. Because of this, thosecompany and, with the financial assistance of
automobiles get repossessed or are seized by theWilliam H. Murphy, Ford established the Detroit
respective financial institutions involved. And sinceAutomobile Company. The automobiles which the
the cost of storing these cars generally exceedscompany produced, however, were of a quality
the ability of those financial institutions to make upand price which Ford did not like. The company
for the money lost, these vehicles are sent off toclosed in January 1901.
car auctions as quickly as possible. Car auctionsSince car auctions sell mostly previously owned
have a wide range of vehicles in their inventories,cars, interested parties need to gather information
and among these there are a number of qualityfirst in order to make the best possible purchase.
cars. Some of these are late model cars withA potential buyer needs to know the details of
some remaining factory warranty.the car's make, model, physical condition, and
The development of cars is a long and detailedmany other things, in order to decide which car
process, involving various contributions from manywould best fit his needs. Fortunately, such
inventors. One of them is Henry Ford. Fordinformation on car auctions is available online.
became an engineer with the Edison Illuminating