Car auctions are terrific places to get bargains that you will never find at a used car lot. There are some downsides as well, such as the fact that you aren't going to get a lifetime warranty or a good deal of guarantee at all. When a car is being sold at an auto auctions, it is best to take those words at their face value.
Car auctions are mostly geared to those who either personally know something about cars or have the money necessary to pay those who do. You will not be able to test drive the car, therefore, the only way to know what may be right or wrong with the vehicle is to inspect it by looking inside and under the lid.
The opportunity to inspect the vehicle takes place during the pre sale inspection, so find out when this takes place and come prepared. Be sure that you know the exact terms of the sale such as whether a deposit is required to allow bidding and what kind of payment terms are accepted. Make sure that you have a way to get the vehicle home. Most car auctions sites offer pulling services, but if you decide to drive off your vehicle make sure that the temporary registration is valid.
Many auto auctions sites are interested in looking for good cash and don't spare much expense in providing quality information about the history of the vehicle. Always check with a site to get as much information about the vehicle as possible.
There are several types of car auctions that exist. Wholesale car auctions, public auto actions, police auctions and government auctions, wholesale car auctions are primary relegated for transactions between car dealers. Public auto auctions are open to anyone. Police auctions and government car auctions work essentially the same way and are also open to the public while insurance and salvage auctions are generally reserved for dealers. Online auto auctions are open to those who qualify for registration.
Behind the auctioneer you will see a system that either is or resembles traffic light with red, yellow and green lights. Understanding the importance of this system during auto auctions can save you a very serious problem. The green light means that you can test drive the vehicle after purchase, but you must test drive within an hour after purchase. The vehicle sold under green typically is ok to drive immediately. A yellow means the title is currently in transit as well that there may be possible frame damage. A red light indicates the vehicle could have problems ranging from the odometer having been rolled back to the entire engine having been rebuilt.
Know exactly what you are looking for before you begin bidding and place a maximum limit on how much you are willing to bid and stick to it. Unless you are a professional or extremely knowledgeable about cars, bring along an expert during auto auctions to help inspect any vehicle you plan to bid on.
Car auctions are mostly geared to those who either personally know something about cars or have the money necessary to pay those who do. You will not be able to test drive the car, therefore, the only way to know what may be right or wrong with the vehicle is to inspect it by looking inside and under the lid.
The opportunity to inspect the vehicle takes place during the pre sale inspection, so find out when this takes place and come prepared. Be sure that you know the exact terms of the sale such as whether a deposit is required to allow bidding and what kind of payment terms are accepted. Make sure that you have a way to get the vehicle home. Most car auctions sites offer pulling services, but if you decide to drive off your vehicle make sure that the temporary registration is valid.
Many auto auctions sites are interested in looking for good cash and don't spare much expense in providing quality information about the history of the vehicle. Always check with a site to get as much information about the vehicle as possible.
There are several types of car auctions that exist. Wholesale car auctions, public auto actions, police auctions and government auctions, wholesale car auctions are primary relegated for transactions between car dealers. Public auto auctions are open to anyone. Police auctions and government car auctions work essentially the same way and are also open to the public while insurance and salvage auctions are generally reserved for dealers. Online auto auctions are open to those who qualify for registration.
Behind the auctioneer you will see a system that either is or resembles traffic light with red, yellow and green lights. Understanding the importance of this system during auto auctions can save you a very serious problem. The green light means that you can test drive the vehicle after purchase, but you must test drive within an hour after purchase. The vehicle sold under green typically is ok to drive immediately. A yellow means the title is currently in transit as well that there may be possible frame damage. A red light indicates the vehicle could have problems ranging from the odometer having been rolled back to the entire engine having been rebuilt.
Know exactly what you are looking for before you begin bidding and place a maximum limit on how much you are willing to bid and stick to it. Unless you are a professional or extremely knowledgeable about cars, bring along an expert during auto auctions to help inspect any vehicle you plan to bid on.
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