Used Car Auctions And The Advantage Of Buying
When it comes to used car auctions, it is every man for himself. There are laws that are suppose to protect the consumer but we all know that it is a lie and they only protect the person who rips off the consumer. Two words like “as is” provides a great defense for sellers. Some auctions you can go to will put a thirty day guarantee on the frame, motor and body of a car.
When you see the words “buyer beware” this is when you really need to pay attention at auctions. Cars are usually sold as is and have no warranty and once you buy the deal is final unless you happen to get a fraudulent title. Sellers can make all kind of promises when they are not on paper. Without a written and signed paper from them, it is your word against theirs.
Remember that a rental is just the same as a used car. I personally think that a rental car is better taken care of than a private owned vehicle because they are cleaned and maintained after everyone uses them to keep them in good looking shape. I have never had a rental break down and the companies usually take the cars out of service after like two or three years.
There are a lot of places you can find auto auctions on-line and there are a lot of vehicles that you can get for a cheap price if you just use your head and remain calm and make sure to always keep a clear head and do not rush into things. If you rush into things this could result in you possibly getting a lemon.
A lot of auctions do a slim to nil car title check. The car auction then gives you nothing that guarantees that the title to the car is a clean title. Auto auctions will try to cut corners and do the bare minimum title check and most of them are not deep checks by far.
There are many auctions which offer cars at whole sale prices and these are for dealers. If you are a dealer then you most likely know what kind of deals you can get from these and what kind of lemons you also have been burdened with.
You always have to pay a higher price than what you actually bid for the car, this alone should tell you how terrible these auctions are. There sometimes is a buyers premium. So this means that you will have to pay at least a thousand or more on top of the price that you win the car for, and lets not forget you also have to pay for taxes on the car.
Now the way that dealers know how to bid is buy using a little black book and this books containers the prices that the car is suppose to be based on mileage and how the car looks and has been taken care of. Always make sure that you check everything you can before you buy a used car, if you do not know what to check make sure to take someone with you that does.
Want to make sure you’re getting your money’s worth at used car auctions? Wonder what you may be missing when you read car auction classifieds? Don’t buy the wrong car!
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