Auction Yourself To A Good Vehicle Deal
If you’re looking for a used car, you should look at a car auction as a possibility. Car auctions can get you great deals, but they can also be intimidating. What’s the best way to get a deal at a car auction?
The most basic parts of car auctions
Car auctions usually happen at the same time or place as other auctions. The highest bidder for a vehicle gets the car that is on the block. There are usually no implied or written warranties on vehicles sold at auction. The cars usually offered at auction fall into one of three categories. Private owners or dealerships can offer their cars on auction websites. Second are the surplus vehicles — cars that state or federal government agencies have replaced and no longer need. Third are impound or repo cars — vehicles that have been impounded or repossessed and are being sold to pay off the creditors. Car auctions are available both online or in person.
Buying an auctioned car in person
There are many benefits to in-person car auctions. An hour or so before the auction begins, you can take a very close look at the car you might be buying during the “viewing” time. If you want to go to an auction, keep a close eye on newspaper listings or Craigslist. You will need to register for a bidding number and have your car financing lined up. Look at reports from AutoCheck or Carfax on your mobile phone to get a basic report on the fitness of particular vehicles. You will be expected to pay for any bid you win right away. Most often, the seller will provide both the title and licensing information. The auction site will usually give you between 2 and 24 hours to remove the car from the site.
Auctioning cars online
Online auctions have some things that make them similar to in-person auctions. You will have to register to bid on the vehicle, and it will still usually be sold in as-is condition. However, online car auctions do not usually give you the chance to check out the vehicle before you buy it. If you are dealing with an auction site like eBay, you might be able to ask the sellers specific questions or ask them to take certain pictures of the car. Many states and government agencies have chosen to start auctioning their surplus vehicles online as well. In these cases, the item you are bidding on is more unknown – you can’t really check it out. Beware of any phrases like “mechanics’ special” that tip you off to problems.”
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Tags: car auction, carfax autocheck, how to bid on a car auction, vehicle auction
This entry was posted on Wednesday, June 16th, 2010 at 12:57 pm and is filed under General Repair. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.