O. Aguiar

It’s easy to find discounted car bargains at car auctions. Not only can great deals on used cars be found there, but also some incredible higher model cars too.. A lot of people buy these cars either to drive themselves or to mark up for future sale. A little information can make an auction an even better experience.

One possible problem is that the purchase might not be a good one. The car won at auction might turn out to be a lemon. The rule of the auction jungle is “as is”. Even children have been taught about “as is” through a television cartoon showing a guy buying a used car”. As he inspects the car he asks a lot of questions to which the salesman always responds “as is”. After the sale is final the buyer tries to drive the car, but the doors fall off and the engine explodes. He exclaims “I want the car as was!” Nobody wants to become that guy.

Car Auctions
Car auctions generally give potential buyers time to look over the cars. Don’t make a purchase or even a bid at any auction that won’t accommodate that practice. Spend time at the facility before the auction begins. Look around and test drive the cars of interest. Always have on site car knowledge, meaning bring a mechanic who knows about cars if you don’t. If that isn’t possible, at least drive the car for an inspection during the test drive. A good mechanic can provide a thorough inspection in a short time. Look for other issues such as dings or dents or rust .

The very nature of auctions leads to another common issue. Auctions can be a great deal, but the price could also be more than common retail. Like other types of auctions, auto auctions can be the same way. The bidding can easily escalate to well over the car’s value. 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. Don’t pay more than the car is worth, even if it’s a coveted antique.

Keep in mind there are deals to be found. But come armed with information and expertise. If a deal appears too good to be true, it is, even at car auctions.

Tags: car auctions, seized cars