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Tips for Success at Auto Auctions (Part 2 Of 2)
June 15, 2007 | Leave a Comment
By Ashley Bigham
…con’t from part 1
4. Know the worth of a car. You can look up the retail value of the different cars offered to make sure you’re truly getting a good value. If you have no idea what a car is worth, how do you know if you’re overbidding or not? Depending on the age and make of the car, the value can range a lot of over its lifespan.
5. Stick to your budget. You should always go to an auction with the mindset that you will not go over a certain price. Be realistic, but stick to that number!
Live auctions can be a great way to find a used car. If you don’t hit big at one keep in mind that there are many many more out there that you can attend.
Online Auctions:
1. Find cars that are in your area. When you look online for auctions, you are going to be surprised at how many cars are listed. Private owners can also auction off their cars, not just the government. You might have a better chance at getting a specific car you want if you search for it. By staying in your area you won’t have to pay for the car to be delivered and you can take advantage of some other tips.
2. Ask to see the car before you buy. Staying your area will allow you to do this. Always see if you can inspect the car before buying it. See if you can get the car checked out or bring someone who knows cars with you if they let you. Some dealers won’t let you do this, but you’ve lost nothing in asking.
3. Ask questions about the car. You have the chance now to find out anything you can about the car before you buy. Don’t be shy; ask whatever you want to know and decide if you believe their propaganda or if they give you truthful answers.
4. Know the retail price of the car and stick to a budget! Same as live auction, never overbid or go over the price you’re willing pay.
About the author:
Ashley writes on how to find the best deals at online and live auto auctions. For more information and useful auction sites visit her blog Car Bargains and Auctions.
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