Used Car Auctions

It's easy to find discounted car bargains at car auctions.  Anything from older, junk fixer uppers to great newer cars even to expensive luxury models can be found.  A lot of people buy these cars 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.  Even children have been taught about “as is” through a television cartoon showing a guy buying a used car”.  As he inspects the car he asks a lot of questions to which the salesman always responds “as is”.  After the sale is final the buyer tries to drive the car, but the doors fall off and the engine explodes.  He exclaims “I want the car as was!”  Don't be like that man.

Car auctions generally give potential buyers time to look over the cars.  If an auction won't do that, run.  Arrive early.  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.  Decent inspections take only a few minutes to check the important elements of the car including the motor, belts, brakes, and the like.  Look for other issues such as dings or dents or rust .

The very nature of auctions leads to another common issue.  Auction prices can be terrific, but sometimes people assume a bargain where there is none.  It's no different at car auctions.  The car's value can be quickly eclipsed by excited bidding.  Be very careful because fees will be added to the final bid price.  Be armed with Kelly Blue Book values as well as real sales examples of similar models and years.  No need to even look it up in advance since the information is online and phones can access it.  It's pretty foolish to pay more for a car than it's worth even if it's an eye catcher.

Get more on cars and rental cars here Honda Automobiles