Although it is nice to know that many have had success with auto auctions in the past, you may be wondering whether attending an auto auction is worth your time. For more details www.auction-entrepreneur-kit.com To determine whether or not one is, you may want to think about examining the pros and cons of buying a used car from an auto auction. A few auto auction pros and cons are briefly touched on below.
Perhaps, the biggest pro or plus side to buying a used car from an auto auction is the price..Auto auctions are well-known for their more than affordable prices. Depending on the auto auction that you attend, as well as the car that you choose to buy, you could walk away with a quality used car for as little as a thousands dollars! In all honesty, you never know what treasures or quality used cars you will find until you attend an auto auction. That is why it is advised that you at least attend a local auto auction, even if it is just to see what one is like.
Another one of the many pros or plus sides to buying a used car from an auto auction is the choices that you have. In terms of the used cars that you have to choose from, it is not uncommon for an auto auction to include as many as fifty used cars or more. Many of these used cars include different years, as well as different car makes and models. In keeping with the choices that you have, you also have a choice when it comes to choosing a used car auction to attend. If you live in or around a large city, such as Chicago, you may have more auto auctions to choose from. You could choose to attend an auto auction that gives you the opportunity to inspect each vehicle or you can choose one that does not have any admission fees.
Although there are a number of pros or plus sides to buying a used car from an auto auction, there are also a number of downsides as well. The good news, however, is that those downsides may not even apply to you. One of the downsides or cons to buying a used car from an auto auction is that not all auto auctions have an inspection session. An inspection session is when you are able closely examine or inspect all of the cars that will be auctioned off. For more details www.mining-auction-gold.com You should never buy a used car without thoroughly examining it first. This downside to buying a used car from an auto auction may not even be an issue, as long as you choose to attend a used car auction that allows you to inspect all of their vehicles first and they are out there.
Another con or downside to buying a used car from an auto auction is the fact that you aren't really given any guarantees. Perhaps, that is why it is so important that you are able to inspect a used car before bidding on it at an auto auction. When you pay for and receive your used car, it is then yours and you are responsible for it, including all updates and repairs that may need to be made. It is difficult, if not virtually impossible, to find an auto auction house or company that offers warranties on their used vehicles. Of course, buying a used car is a risk anyways, as most used car dealerships, as well as owners outright selling their vehicles do not offer warranties either.
First Federal Auto Auction
Looking for a great deal on a car? Try a public auto auction. Not only can great deals on used cars be found there, but also some incredible higher end cars too. A lot of people buy these vehicles either to drive themselves or to mark up for future sale.
A little information can make an auction an even better experience. One possible problem is that the purchase might not be a good one. Every car at an auction isn't a hidden gem.
Cars sold at such auctions are generally sold according to used car laws which tend to make it an "as is" sale. Remember the old Sesame Street skit in which a man looks over a car with "as is" in the window. He makes a cursory look at the car, but every question is met with "the car is as is" from the salesman. Finally the man agrees to buy the car, pays for it, but when he opens the door to get into the car it falls to pieces. He exclaims "I want the car as was!" Don't be like that man.
Auto auctions generally give potential buyers time to look over the cars. Don't make a purchase or even a bid at any auction that won't accommodate that practice. Take the time to do some leg work. Inspect and take a spin in the interesting autos. Bring a mechanic to provide an expert eye. If that can't happen then test drive it to a quick inspection at a garage.
A good mechanic can provide a thorough inspection in a short time. Look for other issues such as dings or dents or rust.
Another problem is inherent in auctions. People assume that the auction price will be a great deal, but often it ends up being more expensive than purchasing the item through a normal sales process. It's no different at auto auctions. The bidding can easily escalate to well over the car's value. Add the fees often associated with the auction and it means great care must be taken to know the real value of a car.
Know the prices of similar models in similar conditions from Kelly Blue Book or other sales data. Phones with Internet access can bring this info to your fingertips while attending. Even for the car of your dreams, don't bid more than its value.
It's not hard to find bargains at auctions. But keep your eyes and ears open. There's a sucker born every minute. Don't be the minute man at an auto auction.
Both Mariajoseph1978 & Paul Cameron are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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