Getting a Deal at an Auto Auction

Looking for a great deal on a car? Try an auto auction. Anything from older, junk fixer uppers to great newer cars even to expensive luxury models can be found. Whether it's for personal use or resale, a lot of people purchase vehicles in this manner. A little information can make an auction an even better experience.

Some of what can go wrong includes buying a bad car. 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. The old children's show “Electric Company” taught children about this with a man considering a used car with an “as is” sign in the window. As he inspects the car he asks a lot of questions to which the salesman always responds “as is”. 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 let that happen to you.

Reputable auto auctions give buyers ample opportunities to check out the cars before bidding or purchase. Avoid the auctions that don't. Arrive early. Inspect and take a spin in the interesting autos. Bring a mechanic to provide an expert eye. If not, then during the test drive bring the car to a mechanic for inspection. It doesn't take long to check key components like the engine and breaks. Check other elements for damage. This includes the body, upholstery, and bumpers .

Another problem is inherent in auctions. Auction prices can be terrific, but sometimes people assume a bargain where there is none. That holds true for auto auctions too. The bidding can easily escalate to well over the car's value. There are also fees to pay, so pay close attention. Be armed with Kelly Blue Book values as well as real sales examples of similar models and years. 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.

Keep in mind there are deals to be found. Don't go in blind, however. If a deal appears too good to be true, it is, even at an auto auction.