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For a Bargin Try Used Car Auctions

January 12, 2009

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.  A lot of people buy these cars either to drive themselves or to mark up for future sale.  This pleasant experience, however, can quickly turn sour if you don’t know a few things.

Maybe the car isn’t as wonderful as it seemed.  Every car at an auction isn’t a hidden gem.  The rule of the auction jungle is “as is”.  Remember the old Sesame Street skit in which a man looks over a car with “as is” in the window  As he inspects the car he asks a lot of questions to which the salesman always responds “as is”.  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.

People are given the chance to inspect the vehicles at car auctions.  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.  Inspect and take a spin in the interesting autos.  If you don’t know anything about cars, bring someone who does.  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 .

Another problem is inherent in auctions.  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 bidding can easily escalate to well over the car’s value.  Add the fees often associated with the auction and it means great care must be taken to know the real value of a car.  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.  It’s pretty foolish to pay more for a car than it’s worth even if it’s an eye catcher.

More on cars and car rentals here Car Payment Calculator as well as here Inexpensive Car

Entry Filed under: Uncategorized. Tags: car auctions, used car auctions.