There are a lot of car auctions around the world. And though they have had a great reputation for having experienced traders, many are now looking into online bidding and auctions. With a bit of research, a car auction can provide you with a solid used car for less that you will find on the forefront. Be reminded though that when you are not prepared, there can be pitfalls.
But why do people choose to buy cars at auctions? They are cheap. Aside from that, there can be a wide range of cars on offer and the process can be fast and easy. If you join an auction with few bidders, you can drive away with a car as well as save money as opposed to buying from a private seller or a dealer. It is for this very reason that most used-car garages purchase their stock at auction.
Types Of Public Auctions
Government – Most vehicles being auctioned here are those used by government offices like police cruisers. Some choose to get these cars to use as cabs. Other vehicles being auctioned here include school buses and trucks.
Public – This used to be a great place to buy cars. Today, people going to these auctions are those with mechanical inclination and training. This further means that when you cannot fix a car, do not go to a public auction.
Be honest with yourself – When you do not have the tools and skills to deal with mechanical challenges, accept it and do not try to fix things believing that you can. If you are searching for cheap transportation, do not let it become costly repairs.
Inspect the car properly – Cars at auctions sell on visual inspection alone. Hence, you must look at everything and check out signs of repairs. Aside from using your eyes, you also have to use your hands, legs and nose. Keep away from car that smells musty. Still, you do not believe in everything you see. After all, touchup paint and polish are cheap.
Pull the dipsticks – If a car has been maintained very well, the lubricants must be clear and clean if you pull the oil or perhaps the transmission fluid dipsticks.
Be aware of the car values prior to bidding – There are online resource that can provide you with an idea about what used cars are worth. Also, take time to look into local prices on classified listings. If you do not know anything about car values, get help from car auction experts.