Car Auctions - Know How To Get A Good Deal

Being in the market for a used automobile means looking into car auction as well. You can get very good deals at an auction, despite the fact that they’re intimidating at times. What is the best way to get a great deal at a vehicle auction?

The basics of automobile auctions

At the very core, a car auction is the exact same as a normal auction. A automobile is offered to bidders, and the highest bidder gets the auto. If you purchase a car at auction, you probably won't get a written or implied warranty. Most often, you'll discover cars in one of 3 categories at auction. First are private owners or dealerships offering their cars on auction sites such as eBay. Second are the surplus autos — cars that state or federal government agencies have exchanged and no longer need. Third are impound or repo cars — cars that are impounded or repossessed and are being sold to pay off the creditors. Auto auctions are accessible both online or in person.

Buying an auctioned vehicle in person

An in-person car auction has numerous benefits. An hour or so before the auction begins, you are able to take a very close check out the automobile you might be getting during the "viewing" time. Keep close tabs on Craigslist or your local newspaper for listings. Register for a bidding number at the auction, and make sure you’ve car financing ready to go. If you want to, have a mobile AutoCheck or Carfax app on your phone can give you a quick report on the car. You’ll be expected to pay for any bid you win right away. Licensing info and also the vehicle title are generally provided whenever you pay for the car. The auction site will usually give you between 2 and 24 hours to remove the automobile from the site.

Auctioning cars online

An online car auction is, in some ways, similar to an in-person auction. You will have to register to bid on any item on the block, and there is typically no warranty. You cannot, however, totally have a look at a automobile before you buy it. You are able to ask the seller specific questions on many auction sites. Some government agencies have started auctioning their surplus using online sites. You cannot really take a look at the automobile on auction sites like this. Keep your eyes peeled for warning words like "mechanics special" or "needs work.”