The Basic Facts of Car Auctions
The Basic Facts of Car Auctions:
Auto auction sites are always impressive place. There are lots of cars, different models, different colors, different shapes and sizes, all old and new. Many of them are bought and sold in a day and deals are made in large sum. If car’s your passion its definitely a favorite hangout. And if you are looking to buy a car, used one, you can also get a best deal here.
Many cars are bought in car auction sites, for auction, most of which don’t even remain a week there. These cars are brought in after being traded in, repossessed or seized. Weekly auto auctions are the main place for these seized and repossessed cars to dispose off. Auto auction is the place from where the used cars dealers get there inventory. Vehicles sold here are bought by used cars dealers to the most and sometime by people looking for good deals.
Most of the auto auctions are frequented by authorized car dealers and normally are not opened for the public. These are more like private auctions and sometimes, if lucky, you can get complimentary passes. In case you get one, you can get a very good deal for yourself by bidding on some vehicle you liked. If you want to bid for a particular vehicle but you are not confident doing it yourself then you can also get a dealer to go to the auction on your behalf. But it might not have immediate results, meaning might take weeks for him to get you that precise car of your specification, covering mileage, style, color and other features. However, that is small time to wait to for a lower priced used car.
If getting a dealer for bidding is not your option then you can always look out for public auto auctions. The private auction lots also, occasionally, hold public auction where you can bid by yourself. Governments agencies, police garages and impound lots are other places where you can try out your luck for better deals.
It is always advisable that you go for reputable auction sites when you want to buy a car for yourself. Some not so good auctions might not even check out vehicles beyond basic check ups of the vehicles before they stand them for bidding. Avoid such places. You never know, you might end up buying some car with some illegal history, which can just invite all problems for you in later dates. Where as, the reputed auctions runs thorough checks on all vehicles before they keep them in stand. So you can bid with peace in your mind in these auction sites. However, it is always a better idea to do a full vehicle history check yourself for the car you are eyeing. During the inspection period before the auction, (usually a day or two ahead), you can get the vehicle’s identification number. This you can run through websites like carfax that gives you all history about the vehicle along with information if it had been in accidents and other problems before.