Shop Wisely at Auto Auctions

A public auto auction is a great way to purchase a car at a deep discount. Anything from older, junk fixer uppers to great newer cars even to expensive luxury models can be found. Many people purchase vehicles this way either for themselves or to sell at a profit. This pleasant experience, however, can quickly turn sour if you don’t know a few things.

Some of what can go wrong includes buying a bad car. The car won at auction might turn out to be a lemon. Keep in mind that what you see at an auction is what you get. Even children have been taught about “as is” through a television cartoon showing a guy buying a used car. He makes a cursory look at the car, but every question is met with “the car is as is” from the salesman. Once the sale is made and the man tries to enter the car, it shakes itself apart. The unfortunate buyer shouts “I want the car as was!” Don’t let that happen to you.

Auto auctions generally give potential buyers time to look over the cars. Don’t make a purchase or even a bid at any auction that won’t accommodate that practice. Take the time to do some leg work. Look around and test drive the cars of interest. Always have on site car knowledge, meaning bring a mechanic who knows about cars if you don’t. If that isn’t possible, at least drive the car for an inspection during the test drive. Decent inspections take only a few minutes to check the important elements of the car including the motor, belts, brakes, and the like. Look for other issues such as dings or dents or rust .

The very nature of auctions leads to another common issue. Auction prices can be terrific, but sometimes people assume a bargain where there is none. Like other types of auctions, auto auctions can be the same way. Bidding might rise beyond the real value of the car. There are also fees to pay, so pay close attention. Know the prices of similar models in similar conditions from Kelly Blue Book or other sales data. Phones with Internet access can bring this info to your fingertips while attending. Don’t pay more than the car is worth, even if it’s a coveted antique.

Keep in mind there are deals to be found. Don’t go in blind, however. If a deal appears too good to be true, it is, even at an auto auction.

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