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The Unwritten Rules of Car Auctions

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There are several unwritten rules for car auctions.
This is to ensure that you know some of these, so that you make the right decision and choices.
Some of the Unwritten Rules of Car Auctions It is important that you have some knowledge of auctions, know the auction rules, and have some knowledge of cars.
  • Auctioned cars can hide expensive repairs and accident damage.
    It is therefore necessary that you have some knowledge of cars to see where problem areas are.
  • The most important part is that you should know who put the cars up for auction.
    Are these:
    • Banks or financial Institutions
    • Are they new-car dealers or
    • Independent car dealers
This will give you some idea from where the cars originate.
  • A pre-check on the history of the cars, by using the online list, is then possible.
    This would give you the vehicle identification numbers (VINs), and the vehicle's worth and other information.
  • On arrival at an auction, you have to register, and produce your license as well as pay a small deposit.
    Check with them as there is often an auction fee.
  • If you were early, some auctioneers would allow you to test drive the vehicle you are interested in.
    This will help you make your decision too.
  • Make sure that you assess the car thoroughly.
    If you do not have mechanical knowledge, take someone with you.
    Your assessment could include the previous owner.
    The radio stations the person last listened to, or the little things that were left in the glove box will give you a clue of the type of driver used the vehicle.
A Few More Details to Know A last point is that there are certain lights you should know about at car auctions:
  • The red light indicates that you are taking the car "as is.
    "
  • The yellow light means that the auctioneer would be making an announcement about a particular vehicle such as its history.
  • The green light would indicate that you have won the bid on a particular vehicle.
    Here you can check the car for up to three hours after you have settled the payment.
  • The blue light mean that you bid on and pay for a car that has not yet arrived at the auction.
Many vehicles find its way to the car auctions.
If you are interested in one of these vehicles, you need to make sure that you do all you can to make your purchase a safe and profitable one.
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