Tips On Buying A Car At Used Car Auctions
The price you pay for at used car auctions is always higher than what you originally bid. Lets not forget about the buyers premium and this can range from a few hundred dollars all the way up to a couple thousand dollars. It can be ten percent of the bid of maybe just five. When you get caught up in the excitement of a bid it is easy to forget about the buyers premium.
Always make sure that the contract says how many days you have before you need to get the title. If it does happen to take them longer to get the title to you then you can always get your money beck because this is a breach of contract on their behalf. I personally do not think it is safe to bid on a vehicle unless there is a title there.
So when it comes to going to an auction to buy a car, always assume the worst. If you get a bad feeling about something you can always trust that this is probably not a good thing and you should trust your own instincts. Do not be stupid and think that you're gonna get lucky and that someone who scams you will get justice served upon them. This rarely ever happens.
There are a lot of places you can find auto auctions on-line and there are a lot of vehicles that you can get for a cheap price if you just use your head and remain calm and make sure to always keep a clear head and do not rush into things. If you rush into things this could result in you possibly getting a lemon.
A lot of auctions do a slim to nil car title check. The car auction then gives you nothing that guarantees that the title to the car is a clean title. Auto auctions will try to cut corners and do the bare minimum title check and most of them are not deep checks by far.
In my opinion, before you get the car I would suggest getting on-line and doing a title check no matter what the auction says. An auto check report is the only thing that you have to protect you from fraud. Remember all that the buyer is trying to do is make a buck and they do not care what they have to say or do to get that money and get rid of that car.
You always have to pay a higher price than what you actually bid for the car, this alone should tell you how terrible these auctions are. There sometimes is a buyers premium. So this means that you will have to pay at least a thousand or more on top of the price that you win the car for, and lets not forget you also have to pay for taxes on the car.
No matter what, always make sure that what you get is going to be worth the money that you pay for it because you do not want to get something that is a piece of crap and end up paying way more for it than what it is worth. - 21396
Always make sure that the contract says how many days you have before you need to get the title. If it does happen to take them longer to get the title to you then you can always get your money beck because this is a breach of contract on their behalf. I personally do not think it is safe to bid on a vehicle unless there is a title there.
So when it comes to going to an auction to buy a car, always assume the worst. If you get a bad feeling about something you can always trust that this is probably not a good thing and you should trust your own instincts. Do not be stupid and think that you're gonna get lucky and that someone who scams you will get justice served upon them. This rarely ever happens.
There are a lot of places you can find auto auctions on-line and there are a lot of vehicles that you can get for a cheap price if you just use your head and remain calm and make sure to always keep a clear head and do not rush into things. If you rush into things this could result in you possibly getting a lemon.
A lot of auctions do a slim to nil car title check. The car auction then gives you nothing that guarantees that the title to the car is a clean title. Auto auctions will try to cut corners and do the bare minimum title check and most of them are not deep checks by far.
In my opinion, before you get the car I would suggest getting on-line and doing a title check no matter what the auction says. An auto check report is the only thing that you have to protect you from fraud. Remember all that the buyer is trying to do is make a buck and they do not care what they have to say or do to get that money and get rid of that car.
You always have to pay a higher price than what you actually bid for the car, this alone should tell you how terrible these auctions are. There sometimes is a buyers premium. So this means that you will have to pay at least a thousand or more on top of the price that you win the car for, and lets not forget you also have to pay for taxes on the car.
No matter what, always make sure that what you get is going to be worth the money that you pay for it because you do not want to get something that is a piece of crap and end up paying way more for it than what it is worth. - 21396
About the Author:
Want to make sure you're getting the entire truth at used car auctions? Wonder what you may be missing when you read car auction classifieds? Don't get fooled!
posted by X - Men @ 6:13 AM
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