Used car auctions is essentially like any other auction. People bid on cars and they are sold to the highest bidder. The cars that are sold there are acquired from a number of sources- private owners, tow yards, mechanics, car dealers, bank repos, and a lot of other places.
Local newspapers and penny savers usually contain listings of public car auctions. The simplest thing to do is a Google search for car auctions in your city. Find out the date and time of the pre-inspection for the auction. It is usually a day before the auction or a few hours before it.
The pre-inspection is where you find which cars interest you and inspect them. First, go over them visually. See what you like or dislike about them. Look for problems they might have. Make a note of the make, the year of production, the mileage, color, VIN #, and overall condition of the cars that interests you. They may not let you drive the cars at the pre-inspection but at least you can start them. At some car auctions, they ask you to put down a deposit before you can start bidding. It’s a good idea to find out how they expect you to pay as well. It could be in cash, credit card, cashier checks, and other such means.
Get holds of a car auction listing service where you can find several car auctions that are open to common people. The listing services have low maintenance cost – you just have to pay a nominal monthly fees and the you will be updated at regular intervals.
Before the day of the auction, log on to the police car auction site and select the car or cars that interest you and then accordingly get their VIN number. This way you will have ample time to make your choice. This is of great advantage since there are some car auctions that sanctions only one of hour for checking out all the cars and make a choice on the auction day. Also, it is that on the day of the auction you take along a mechanic with you so that he can check if the car has any problem and fix it accordingly. Therefore, it is better to reach to the auction a little before , so that you have sufficient time to handle things, should any crisis situation arise.
Now that you have some idea of which cars you’re interested in, you should find out the rough market value of these cars.
Now that you’re done with homework, it’s time to put the lessons into practice! The first thing you do on going to the car auction is to get registered, so you can bid for the car you want. Secondly, take another good look at the car and set yourself a maximum price that you’re willing to pay for it, based on the market value and all the other research you’ve done. Remember not to get into a bidding war! You’ll end up paying more than you intended for the car and you’ll get less value for money.
Participate now on a car auction near you!
Local newspapers and penny savers usually contain listings of public car auctions. The simplest thing to do is a Google search for car auctions in your city. Find out the date and time of the pre-inspection for the auction. It is usually a day before the auction or a few hours before it.
The pre-inspection is where you find which cars interest you and inspect them. First, go over them visually. See what you like or dislike about them. Look for problems they might have. Make a note of the make, the year of production, the mileage, color, VIN #, and overall condition of the cars that interests you. They may not let you drive the cars at the pre-inspection but at least you can start them. At some car auctions, they ask you to put down a deposit before you can start bidding. It’s a good idea to find out how they expect you to pay as well. It could be in cash, credit card, cashier checks, and other such means.
Get holds of a car auction listing service where you can find several car auctions that are open to common people. The listing services have low maintenance cost – you just have to pay a nominal monthly fees and the you will be updated at regular intervals.
Before the day of the auction, log on to the police car auction site and select the car or cars that interest you and then accordingly get their VIN number. This way you will have ample time to make your choice. This is of great advantage since there are some car auctions that sanctions only one of hour for checking out all the cars and make a choice on the auction day. Also, it is that on the day of the auction you take along a mechanic with you so that he can check if the car has any problem and fix it accordingly. Therefore, it is better to reach to the auction a little before , so that you have sufficient time to handle things, should any crisis situation arise.
Now that you have some idea of which cars you’re interested in, you should find out the rough market value of these cars.
Now that you’re done with homework, it’s time to put the lessons into practice! The first thing you do on going to the car auction is to get registered, so you can bid for the car you want. Secondly, take another good look at the car and set yourself a maximum price that you’re willing to pay for it, based on the market value and all the other research you’ve done. Remember not to get into a bidding war! You’ll end up paying more than you intended for the car and you’ll get less value for money.
Participate now on a car auction near you!
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