Whether you are looking for a little excitement or the best prices, a car auction typically delivers both experiences. Once you decide to make the switch from a brick-and-mortar car dealership with set prices to an auction giving you the chance of saving big money, you should take the time to learn a few tips.
Doing so can help you find the best auction cars available for sale at a price you can afford and are willing to spend.
Here are a few tips to help you find a peach of a deal that isn’t going to turn into a lemon.
Review Online Photos Carefully or Inspect the Car in Person
If you shop an auction in person, make sure that you give yourself time to look over the car before the bidding begins. Otherwise, carefully look over the online photos for any vehicle you are considering well before the bidding starts. Don’t overlook the presence of any online videos for any of these cars. While the possibility they exist is slim, they could be valuable in helping you determine whether or not it is worth bidding on specific auction cars.
If you have access to the vehicle’s VIN number, use it to learn more about the car. If you are successful, you can look over the car’s history, details that can be useful in determining the wisdom of buying the vehicle.
Determine What Type of Title the Vehicle has
Looking for information regarding titles could be critical in helping you to discover the best auction cars for sale. For example, a salvage title clearly indicates that the car needs work. Even so, the price could be low enough to turn this vehicle purchase into a sweetheart of a deal.
Price Needed Repairs before You Bid
One of the most important facts to keep in mind whenever you consider buying auction cars is that no warranties exist. If you find a problem, you won’t get any help paying to make repairs. Therefore, you should find out as much about any car as you can before you place a bid. Doing so can help you to avoid buying a car with expensive repairs instead of one with minor issues.
Determine Your Highest Bid before You Start
If you want to avoid getting caught up in the frenzy of a bidding war, take a few moments to look over your budget and set a limit on what you are willing to spend. You can avoid spending more than the car is actually worth if you follow this auction tip.
You’ve probably heard that car auctions provide an opportunity to spend less on a car than you would if you bought one with a predetermined price tag. It’s true. Buying an auction car instead of shopping for one of the lots offers a whole new experience filled with excitement as well as prices that seem almost too low to be true. It is important to take the time to consider every aspect of the auction cars you are looking at before you jump in on the bidding war.