Getting a Deal at an Auto Auction

Looking for a great deal on a car? Try a public auto auction. Anything from older, junk fixer uppers to great newer cars even to expensive luxury models can be found. Many people purchase vehicles this way either for themselves or to sell at a profit. But unless you keep some things in mind the auction can turn into a nightmare.

Maybe the car isn’t as wonderful as it seemed. There are lemons at auctions too. Cars sold at such auctions are generally sold according to used car laws which tend to make it an “as is” sale. Even children have been taught about “as is” through a television cartoon showing a guy buying a used car. He makes a cursory look at the car, but every question is met with “the car is as is” from the salesman. Once the sale is made and the man tries to enter the car, it shakes itself apart. The unfortunate buyer shouts “I want the car as was!” Don’t be like that man.

Reputable auto auctions give buyers ample opportunities to check out the cars before bidding or purchase. Avoid the auctions that don’t. Spend time at the facility before the auction begins. Test drive the cars you like. Bring a mechanic to provide an expert eye. If that isn’t possible, at least drive the car for an inspection during the test drive. Decent inspections take only a few minutes to check the important elements of the car including the motor, belts, brakes, and the like. Anyone with a decent eye can check the body, interior and other physical elements for wear and tear .

Another problem is inherent in auctions. Auctions can be a great deal, but the price could also be more than common retail. That holds true for auto auctions too. Bidding might rise beyond the real value of the car. Add the fees often associated with the auction and it means great care must be taken to know the real value of a car. Be armed with Kelly Blue Book values as well as real sales examples of similar models and years. Phones with Internet access can bring this info to your fingertips while attending. It’s pretty foolish to pay more for a car than it’s worth even if it’s an eye catcher.

Remember, auctions can be great deals. But keep your eyes and ears open. If a deal appears too good to be true, it is, even at an auto auction.