Getting a Deal at an Auto Auction
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by: PaulCameron
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Word Count: 405
Looking for a great deal on a car? Try a public auto auction. Not only can great deals on used cars be found there, but also some incredible higher end cars too. A lot of people buy these vehicles 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. Every car at an auction isn't a hidden gem.
Cars sold at such auctions are generally sold according to used car laws which tend to make it an "as is" sale. Remember the old Sesame Street skit in which a man looks over a car with "as is" in the window. He makes a cursory look at the car, but every question is met with "the car is as is" from the salesman. Finally the man agrees to buy the car, pays for it, but when he opens the door to get into the car it falls to pieces. He exclaims "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. 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.
It doesn't take long to check key components like the engine and breaks. Check other elements for damage. This includes the body, upholstery, and bumpers.
Auctions also come with a built in problem. 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. Bidding might rise beyond the real value of the car. There are also fees to pay, so pay close attention.
Know the prices of similar models in similar conditions from Kelly Blue Book or other sales data. Phones with Internet access can bring this info to your fingertips while attending. Even for the car of your dreams, don't bid more than its value.
Keep in mind there are deals to be found. Don't go in blind, however. An auto auction follows the rule of thumb of every sale, buyer beware.
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Find information on online auctions, government auctions, real estate auctions, auto auctions and more at Online Auctions ... and more.
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