| Car auctions are a good place to get good a bargain | | | | your bids carefully to the car auctioneer to avoid |
| on cars. But buying cars from auctions can be very | | | | confusion. Settle your transaction as soon as the |
| complicated. This is particularly true for the uninitiated. | | | | auction ends. Look for the block clerk and settle your |
| Of course the cars in auctions are generally cheaper. | | | | accounts with him. A car auction staff will usually be |
| But they are cheap because they lack the guarantees | | | | available to assist you when you are ready to pay for |
| that come with cars bought from dealers. The rules in | | | | the vehicle you have won. He should also be able to |
| auctions are simple, you bid an item, you pay for it, and | | | | guarantee you a good title for the vehicle. |
| you own it. | | | | You must also check the vehicle after you have won |
| Hector Milla Editor of the "Direct Auto Loans Lenders" | | | | and settling your account. Take the vehicle for a test |
| website -- -- pointed out; | | | | drive and make sure that it conforms to the guarantee |
| "…It is therefore not advisable for persons without | | | | and representation made during the auction. |
| much experience in motor vehicles to just go to an | | | | Most auction sites would accept check or credit card |
| auction and buy a car. | | | | if you cannot pay the car with cash. An auction staff |
| What you'll need if you're planning to buy a car in an | | | | will also usually give you a third party financing offer. It |
| auction is a good eye, good observation skills and a | | | | is advisable though to have your own finances ready |
| willingness to learn the car auction process…" | | | | before entering a car auction. Outside financing is |
| You can even make it a business by buying cars at | | | | usually cheaper than most in-house financing of auction |
| auction and then selling them at a profit. There are | | | | sites. |
| several people who have made huge profits by buying | | | | Ask for an invoice copy from the auction staff. This |
| and selling cars at auction. | | | | will enable you to drive or ship your newly bought car |
| There are basically two kinds of car auctions, local car | | | | to your location. Most car auction managers will give |
| auctions and online car auctions. Each of the auctions | | | | you good deals on shipping arrangements so inquire |
| works differently. Each has a different set of rules so | | | | about this. |
| you must study them very carefully if you are planning | | | | "…There really are no significant differences between |
| to buy a car from either kind of auction. | | | | a local auction and an online auction. Online car |
| If you want to buy a vehicle in a car auction you must | | | | auctions work more or less the same way as local |
| first pre-register with the local auction you want to join. | | | | ones. The only disadvantage of online auction sites is |
| The pre-registration process won't take much of your | | | | that you won't be able to inspect the car as you would |
| time and will provide you all the essential information | | | | in an actual car auction. In participating in online car |
| that you will need in order to buy a car. An auction site | | | | auctions be sure that you will be provided with all the |
| will often have an auction staff who will explain to you | | | | necessary information about the car upfront and that |
| the rules of their auction site and the procedures and | | | | there is an actual photograph of the vehicle…" added |
| instruction on how to participate and bid on the cars. | | | | H. Milla. |
| It is wise to inspect the cars before the actual bidding | | | | Cars bought from an online auction are usually shipped |
| begins. Ask the auction organizer or staff if they can | | | | to the buyer for a minimal fee. Inspect the car |
| allow you to take a closer look at the cars before the | | | | immediately upon arrival at your location to minimize |
| start of the actual auction. Another wise decision is to | | | | risks. |
| set your payment limit before the actual sale. This | | | | You are now ready for your first car auction. Happy |
| way, you won't fall victim to the trap of overbidding. | | | | bidding! |
| As in other auctions, it is very important that you signal | | | | |