A used cars auction can be a great place to find your next car, truck or SUV. These events tend to bring sellers and buyers together directly, so you don’t usually have to worry that part of the price you’re paying is going to an intermediary or dealer. So there are great bargains to be found, but at the same time, if you’re not careful, you could also lose your shirt.
1. Get to the auction early.
Now, this tip is pretty obvious, but you’d be amazed by the number of people who later admit that they arrived a lot later than they were planning. If you arrive late at a used cars auction, then you’re setting yourself up for some trouble. By arriving early, you give yourself a chance to do a more thorough inspection of the vehicles that you’re considering. If you arrive late, however, then you’re almost taking a gamble by hoping that the car you want is in good condition, even if you haven’t been able to give it a thorough looking over. And get a list before the auction, so you know what cars are going to be there and then research the ones that you are interested in. Check the mileage and cost and compare it with Edmonds, J.D. Power, and Kelley Blue Book. Decide BEFORE you go what you think is a good deal for the car. Stick to your plan. Don’t get caught up in the excitement. You are trying to get a good deal here, remember. Learn more!
2. Bring a mechanic.
Even if you arrive early and can inspect the car, the inspection won’t be as useful if you don’t have someone with you who understands engines, transmissions and all the other key components of a vehicle. If you’re a mechanic yourself, then that’s great. But if you’re not, bring reinforcements. The amount you pay the mechanic now will probably be recouped later when that person’s advice allows you to make a more knowledgeable bid on the vehicles you like. A lot of auctions may not let you do this but if they do, take advantage of it. These cars are going to be sold ‘as is’ so this is an awesome advantage to you if you take the time to do it.
3. Know your limits and stay with them.
This is related to the idea of maintaining your cool and composure. Things can get fast and furious when the bids begin to fly, so even before you enter that arena, be very clear about how high you’re willing to go, and when the bids reach that point and go past it, be willing to walk away simply. Remember that you don’t have to drive away from the auction with a new car. You know why?
The thing about auctions is that they can be pretty exciting. The act of bidding on a particular vehicle that you’d like to buy, and competing against other bidders, can sometimes cause people to do things that they later regret. So remember that it’s important to maintain your cool and composure a used cars auction, and also, also keep in mind these other important tips. For more information, visit: http://www.streetrodstrader.com/is-it-bad-to-buy-a-car-with-a-salvage-title/…