Getting A Good Vehicle Deal At Auction

If you're looking for a used automobile, you need to take a look at a car auction as a possibility. You can get very good deals at an auction, even though they’re intimidating at times. So what is the best way to get into a auto auction and get a great deal on a used car?

The basics of auto auctions

A car auction is, at the core, very similar to any auction. The highest bidder simply gets the car. You will find generally no implied or written warranties on automobiles sold at auction. The cars typically offered at auction fall into one of 3 categories. Auction web sites can have cars offered by private owners. Second are the surplus vehicles — cars that state or federal government agencies have replaced and no longer need. Third are impound or repo cars — automobiles that have been impounded or repossessed and are being sold to pay back the creditors. Automobile auctions are accessible both online or in person.

In-person automobile auction buying

In-person car auctions have many benefits over other types. Usually you can take a close check out cars an hour or so before the auction. If you would like to go to an auction, keep a close eye on newspaper listings or Craigslist. You will need to register for a bidding number and have your vehicle financing lined up. If you want to, have a mobile AutoCheck or Carfax app on your phone can give you a quick report on the auto. If you bid on and win a automobile, you will be expected to pay for it right then and there. Most often, the seller will provide both the title and licensing information. The auction site will generally give you between 2 and 24 hours to remove the vehicle from the site.

Auctioning cars online

Online car auctions share some characteristics with in-person auctions. The cars are still sold in as-is condition, and you'll have to register to bid. However, online auto auctions do not usually give you the chance to have a look at the vehicle before you purchase it. On some auction online websites, you are able to ask the seller specific questions. Online auctions are used to auction off government surplus as well. You cannot really look into the car on auction websites like this. Keep your eyes peeled for warning words like "mechanics special" or "needs work.”