Although not many people recommend buying used cars from auctions, there are many benefits of choosing this option. One of the advantages of buying from used car auctions is that the prices are more affordable, as compared to the ones that are on sale on pre-owned vehicle dealers. In addition, you and the other bidders can control the final price of the automobile you are interested to get. Lastly, there are more options to be found in auctions. You will be able to find used luxury and sports cars and other types of vehicles that are sometimes hard to find or just can be found in other countries.
When it comes to used car auctions, you can either go to an actual one or bid in an online auction site. But you need to remember that buying a used car from an auction can be more complicated and less straightforward than getting one from a dealer. And if it is your first time to join an auction, you also need to have a bit careful and on your guard. To help you have a hassle-free experience when joining a pre-owned car for the first time and to make sure that you do not get one that is not worthy of your investment, below are some tips you should keep in mind:
• If you are attending a physical auction, make sure to arrive early and check out all the vehicles up for bid. This way, you will have an idea about what vehicles are up for sale and you will be able to avoid the crowd of other people who will also be closely inspecting the autos up for bid.
• In addition, make sure you open the doors and hood, check the engine, the lights, the air conditioning system, the seats, flooring and windows. Check the car for damages and issues and make sure you take note of these so that you can decide whether you still want to bid on this vehicle. This will also help you in setting the limit for your bidding price.
• In online auctions , do not bid on a car without it is the one that you really want and that you are certain that it is a good buy. With online auctions, you are contractually obligated to buy the car if you are the winning bidder. You can not back out if you suddenly found out that something is wrong with the vehicle after you won the bidding war.
• Go online to check the VIN number of any car you are interested to bid on to avoid getting a car that may come from a “chop shop” or one that turns out to be a “lemon”.
• Check that the contract states how many days before you finally get the title. You can get your money back if it takes longer since this can be considered a break of contract.
• Request for an independent mechanic's report about the car. This will also help you decide whether you want to invest in the car. This report can also help you negotiate for a lower price for the vehicle.