If you’re looking to buy a car, there are several ways you can begin looking for one – internet, newspapers, your local dealerships etc – and yet there is nothing that can match the exhilaration, expectation, and thrill of getting involved in a vehicle auction, so long as you know what you’re doing.
Preparation Is Crucial
Before leaping headfirst in to the world of auctions, you should make sure you’re ready. Go to a car auction initially as an observer (this is going to be very important if you have never been to one before) and check out what goes on. Vehicle auctions can be fast-paced and confusing for first-timers, and so it’s wise not to bid on your first visit. Show up, investigate, take notes, and attend your second vehicle auction far more prepared, chilled out, and ready to have a go yourself. Also do your homework on the vehicle (or vehicles) you have your eye on so you’ll be ready for the kind of price it is going to sell for, in addition to all the features or concerns relating to the model and make you should know about. You must also note that when buying at a car auction, your traditional legal rights might not apply: ask to read the auction’s terms and conditions and be conscious of ‘as seen’ disclaimers.
Determine Your Budget And Stick To It
This point will be very important when you’re buying anything, not surprisingly, but it is much more applicable at a car auction, where the exhilaration of the bidding process can occasionally eclipse the well thought out budget you have in mind. Figure out what you’ll be able to afford, and then don’t bid over it. It may be worthwhile taking along a reliable friend to keep you grounded during an adrenaline-fuelled bidding war.
Inspect The Vehicle
If you’re buying from a private seller or perhaps a car dealer, you’d expect to be able to take a look at the vehicle prior to handing over any cash, and it’s no different at the car auction. In case you don’t know too much about cars, look into taking along someone that does, so that they can take a look at the vehicle on your behalf. Try to discover everything you can regarding the car along with its history – look at the entry paperwork for this – and it’s also worth asking the auctioneer for some sort of trial period if you find yourself with the winning bid.