Used car sale auctions can provide us with lots of opportunities to purchase a great reliable car without it costing us too much money. It is extremely important, that you have some understanding of how to prepare yourself before going to an auction, then you can get yourself a good deal and not end up finding you’ve wasted your money on a vehicle that is useless. You need to know how to buy a car that is going to last.
Take advantage of these important tips to help you purchase that perfect car at a car auction.
Before attending a car sale auction, you need to be sure about what type of auction you are attending. Normally, car auctions are organized online by sites like autotrader.co.uk and Ebay, but can also be run by the government or auction lots offline. You need to understand that you are purchasing cars as is, and there are no warranties. Returning the car once you have purchased it will be very hard for you, so you really need to be certain that it’s in good condition.
Check out the times for the used car auction. Most good auctions will have a period for preliminary inspection which you need to attend to make sure the auction is worth attending. Normally, you can’t normally test drive cars during the inspection but you can take a look at every part of the vehicle, which you need to take advantage of. Take note of the cars that you like, that way you will have just the right number of choices for bidding during the actual used car auction. For online auctions make sure you only bid on the vehicle you want. Don’t place random bids because you may end up with a car you don’t want.
Write down all of the Vehicle ID numbers of the cars that you may be interested in. That way when you arrive home, you can look up the Vehicle ID on Instant Car Check to check out its history report. A small fee will be charged, but you need to do this because the search will let you see details of how much the car has been used, nobody wants to buy a car that’s been stolen, or a car that not been taken care of by its last owners.
Velozity tip: Did you know you can check a vechicles basic information such as MOT and Tax status can be checked from DVLA website?
If you are attending a car auction, take with you one of the auto guide books that allows you to look up car details. These publications are very handy because they give you the value of different car models during trade-in, which could help you when placing a bid both online and offline. Remember to take note of all the costs of bidding – you will have to pay for a buyer’s premium (normally this is around 5 to 10 percent of the cost), or maybe a registration fee for the auction will be charged.
By setting a budget for your car, you will stop yourself from bidding more than you can afford. Some people tend to bid out of their price range, just to win a bid, bidding online and offline can end up costing you more than you can afford, so be careful.
Both on-line and off-line car auctions are great places to find cars if you have a budget.
But before going to one, it is very important you know what you are doing! Take advantage of these tips then you don’t over price yourself and end up with a useless vehicle.