Tips And Trade Secrets About Used Car Auctions

The price you pay for at used car auctions is always higher than what you originally bid. Lets not forget about the buyers premium and this can range ...


The price you pay for at used car auctions is always higher than what you originally bid. Lets not forget about the buyers premium and this can range from a few hundred dollars all the way up to a couple thousand dollars. It can be ten percent of the bid of maybe just five. When you get caught up in the excitement of a bid it is easy to forget about the buyers premium.

When you see the words “buyer beware” this is when you really need to pay attention at auctions. Cars are usually sold as is and have no warranty and once you buy the deal is final unless you happen to get a fraudulent title. Sellers can make all kind of promises when they are not on paper. Without a written and signed paper from them, it is your word against theirs.

Remember that a rental is just the same as a used car. I personally think that a rental car is better taken care of than a private owned vehicle because they are cleaned and maintained after everyone uses them to keep them in good looking shape. I have never had a rental break down and the companies usually take the cars out of service after like two or three years.

There are a lot of places you can find auto auctions on-line and there are a lot of vehicles that you can get for a cheap price if you just use your head and remain calm and make sure to always keep a clear head and do not rush into things. If you rush into things this could result in you possibly getting a lemon.

A lot of auctions do a slim to nil car title check. The car auction then gives you nothing that guarantees that the title to the car is a clean title. Auto auctions will try to cut corners and do the bare minimum title check and most of them are not deep checks by far.

In my opinion, before you get the car I would suggest getting on-line and doing a title check no matter what the auction says. An auto check report is the only thing that you have to protect you from fraud. Remember all that the buyer is trying to do is make a buck and they do not care what they have to say or do to get that money and get rid of that car.

Always make sure to open every door on the vehicle you want. Also look under the hood and make sure that all of the Vin stickers are on the vehicle and that they all match with one another. Usually if they do not match the car was stolen and then again it might have been in a wreck and had replacement parts on it.

Now the way that dealers know how to bid is buy using a little black book and this books containers the prices that the car is suppose to be based on mileage and how the car looks and has been taken care of. Always make sure that you check everything you can before you buy a used car, if you do not know what to check make sure to take someone with you that does.

Want to make sure you’re getting a good value at used car auctions? Worried what you may be missing when you read car auction classifieds? Don’t get fooled!

categories: car auctions,used car auctions,buying used cars,used vehicles,used cars,used trucks,autos,automotive,auctions,vehicles,cars

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