Used Car Auctions Can Save You Money

Used car auctions are great ways to purchase cars at deep discount.  Anything from older, junk fixer uppers to great newer cars even to expensive luxury models can be found.  Whether it's for personal use or resale, a lot of people acquire automobiles in this manner.  But unless you keep some things in mind the auction can turn into a nightmare.

One possible problem is that the purchase might not be a good one.  There are lemons at auctions too.  Cars sold at such auctions are generally sold according to used car laws which tend to make it an as is sale.  The old children's show “Electric Company” taught children about this with a man considering  used car with an “as is” sign in the window  He makes a cursory look at the car, but every question is met with “the car is as is” from the salesman.  After the sale is final the buyer tries to drive the car, but the doors fall off and the engine explodes.  ”I want the car as was!” screams the angry driver.  Don't let that happen to you.

Reputable car auctions give buyers ample opportunities to check out the cars before bidding or purchase.  If an auction won't do that, run.  Arrive early.  Inspect and take a spin in the interesting autos.  Bring a mechanic to provide an expert eye.  If that can't happen then test drive it to a quick inspection at a garage.  It doesn't take long to check key components like the engine and breaks.  Anyone with a decent eye can check the body, interior and other physical elements for wear and tear .

The very nature of auctions leads to another common issue.  People assume that the auction price will be a great deal, but often it ends up being more expensive than purchasing the item through a normal sales process.  Like other types of auctions, auto auctions can be the same way.  The car's value can be quickly eclipsed by excited bidding.  There are also fees to pay, so pay close attention.  Easily accessible date on car values is standard issue for auction buyers.  With Internet enabled phones and the like it's now easy to look up this information while on site.  Even for the car of your dreams, don't bid more than its value.

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