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Your First Car Auction
By: Jay Moncliff
You are about to go to your first car auction. You can feel the excitement in
the air. There are so many cars to choose from. But do you really know what to
expect at a car auction? Do you know the legalities that occur at a car auction?
Most people get in way over there heads at a car auction. If this is your first
car auction, you better come prepared.
There are a lot of things you need to do and a lot of things you need to pay
attention to at a car auction. First off, before you go to a car auction make
sure you have enough money in your bank account. All cars purchased at a car
auction must be paid in full. You also need to bring your drivers license and
any other form of ID to the car auction. This is needed to buy the vehicle and
to do the title work and registration.
When you first get to the car auction you should make notes of the cars you are
interested in. Then, if you can, go to kellybluebook.com and check the retail
value of the vehicles you would like to purchase. This way you know what to go
with when you make your bid. At a car auction, many vehicles have a reserve
price. This means that the vehicle has a minimum price t be sold at. If it is
too high, do not bid on it. Be sure when you do bid that you do not get into a
bidding war. Never bid more than you can afford. If the bidding war begins, just
walk away. At a car auction, it is every man for himself.
Before you begin to bid on cars, you need to see if the vehicle is a good buy or
not. Many vehicles at a car auction could have been previously damaged. An
example of this is in Texas and Louisiana many cars were severely damaged by
flooding during a hurricane. These vehicles were sent to a car auction and the
buyers more than likely had no idea the vehicles had flood damage. You may also
wish to take a mechanic to the car auction. A mechanic is a good idea at a car
auction because they can see where someone may have tried to hide repairs and
damage that the vehicle might have incurred. Lastly, you can get a free Carfax
vehicle history report on the vehicle if you get the vehicles identification
number (VIN).
Remember, at a car auction vehicles are sold "as is" and they do not come with a
warranty. Keep all of these tips in mind to protect yourself from a bad
purchase. You are supposed to go to a car auction to get a great deal on a car
and to save money. With the proper frame of mind, this is easily accomplished.
About the Author:
Jay Moncliff is the founder of http://www.caronlinecenter.infoa blog focusing
on the Car, resources and articles. This site provides detailed information on
Car. For more info on Car visit:http://www.caronlinecenter.info
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