Buyers Tips for an Auto Auction

A public auto auction is a great way to purchase a car at a deep discount. There you’ll find everything from luxury automobiles to junk projects. Many people purchase vehicles this way either for themselves or to sell at a profit. 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. The rule of the auction jungle is “as is”. 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. After the sale is final the buyer tries to drive the car, but the doors fall off and the engine explodes. The unfortunate buyer shouts “I want the car as was!” Don’t let that happen to you.

Reputable auto auctions give buyers ample opportunities to check out the cars before bidding or purchase. Don’t make a purchase or even a bid at any auction that won’t accommodate that practice. Spend time at the facility before the auction begins. Inspect and take a spin in the interesting autos. Bring a mechanic to provide an expert eye. If not, then during the test drive bring the car to a mechanic for inspection. A good mechanic can provide a thorough inspection in a short time. Check other elements for damage. This includes the body, upholstery, and bumpers .

Auctions also come with a built in problem. Auctions can be a great deal, but the price could also be more than common retail. It’s no different at auto auctions. The bidding can easily escalate to well over the car’s value. Be very careful because fees will be added to the final bid price. Be armed with Kelly Blue Book values as well as real sales examples of similar models and years. 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.

It’s not hard to find bargains at auctions. But come armed with information and expertise. If a deal appears too good to be true, it is, even at an auto auction.