Car auction Do’s and Don’ts
Attending a car auction is a great way to find a cheap vehicle. However, it is important to take precautions, as a lot of run down vehicles are displayed at car auctions and the dream machine that you have set your sights on may well turn out to be a lemon. Here are a few handy hints to help you drive away the perfect car.
Do: Ask the Right Questions
The owner of the car you are interested in should be available to answer your questions. Make sure you have prepared a list of questions in advance and watch the vehicle owner carefully when they answer. If the owner is unwilling to answer your questions or appears to be uncomfortable, it might be time to check out another car instead.
Do: Inspect the Car Thoroughly
Unfortunately, you are only permitted to visually inspect cars at auctions. Therefore, it is important to look very closely at the vehicle and check carefully for signs of repair such as like scored brake pads, paint overspray and puddles under the vehicle. You can also use your nose, hands and legs to make the inspection and do not bid on the vehicle if the carpeting is wet or it smells musty.
Do: Research the Vehicle Value Before You Start Bidding
This can usually be done very quickly and easily through specialist websites such as Kelly Blue Book. Also check classified ads for the going rate for the types of vehicles you are interested in. this will give you a good idea of how much you should be bidding. If bidding starts higher than you expect, let someone else take the fall.
Do Not: Start Bidding Unless You’re Sure You Want to Buy
Many people like to attend auctions purely for the excitement of bidding. Why this buzz can be very addictive, it can also be dangerous. Before you know it, you could easily end up with a real lemon that you have no idea what to do with and have to explain to your family.
Do: Watch Other Bidders
Try to determine in advance how much interest there is in a particular vehicle. If there seem to be a lot of people interested, competition will be fierce, which will drive up the price when the bidding starts.
Do: Set a Price Limit
The best way to make sure that you do not end up paying over the odds for a vehicle and busting your budget is to set a limit and make sure that you do not go over it. Be aware that this may take a little discipline as the bidding heats up.
Do Not: Go over Your Budget
It is easy to get caught up in the excitement of the auction and end up bidding much more than you had originally intended. However, one of the great things about a car auction is that there are lots of different vehicles to choose from. Before bidding starts, try to select several vehicles that you are interested in. that way, if bidding starts to overshoot your budget, you can easily focus on the next vehicle on your list and let this one go.