Getting A Good Vehicle Deal At Auction

Being within the market for a used automobile means looking into car auction as well. A vehicle auction could be very intimidating, however they can also present great deals. What's the best way to get a deal at a auto auction?

One of the most basic parts of automobile auctions

Car auctions usually happen at the same time or place as other auctions. The highest bidder simply gets the car. If you buy a automobile at auction, you probably won't get a written or implied warranty. The cars generally offered at auction fall into one of three categories. Auction sites can have cars offered by private owners. Second are the surplus autos — cars that state or federal government agencies have replaced and no longer need. Finally, cars that are impounded or repossessed are usually sold to pay back credit agencies. Car auctions are held in one of two ways – online or in person.

In-person car auction buying

In-person car auctions have numerous benefits over other types. An hour or so before the auction begins, you are able to take a very close check out the car you may be buying during the "viewing" time. If you want to go to an auction, keep a close eye on newspaper listings or Craigslist. Register for a bidding number at the auction, and make sure you have vehicle financing ready to go. If you've got a mobile phone, use a AutoCheck or Carfax app to get a basic report on cars you're looking at . You will be expected to pay for any bid you win right away. Licensing data and the car title are typically provided whenever you pay for the car. You'll also have between 2 and 24 hours to take the automobile from the auction site.

Auctioning cars online

Online auctions have some things that make them comparable to in-person auctions. You may have to register to bid on the car, and it will still usually be sold in as-is condition. However, online automobile auctions do not usually give you the chance to have a look at the automobile before you buy it. If you are dealing with an auction site like eBay, you might be able to ask the sellers specific questions or ask them to take certain pictures of the car. Online auctions are used to auction off government surplus as well. You can’t really take a look at the car on auction sites like this. You can still get good deals, but beware of any tip-off words such as “needs work” or “mechanics’ special.”