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4 Beginner Mistakes to Avoid at a Car Dealer Auction

By Mike Richards Updated: 05/22/2019 Posted: 04/18/2017

If you’ve never taken advantage of a car dealer auction before, you have every reason to be excited about the prospect of finding the vehicle of your dreams at a great price. Just make sure you avoid these common beginner mistakes.

Come Up with a Budget Before You Begin

Whatever you do, don’t start looking for vehicles at a car dealer auction before you’ve come up with a thought-out budget down to the penny. Don’t be one of those people whose budget involves the word “around.”

If you let yourself spend “around” $7,000, it’s going to be too easy to turn that into $8,000 or more and no matter how much you like the vehicle you buy, if you pay too much, it will always be a burden.

Therefore, go through your finances and figure out exactly how much you’re able to afford. Sure, you should look forward to scoring an awesome deal, but make sure you also know how much you could spend without it becoming an issue.

Know Exactly What You Want from a Car

Similarly, get real specific about what you want from a car. Again, it’s easy to say “cargo space.” Then, when you see a beautiful sports car, the required space you were so adamant about becomes less important.

That is, until the first time you need more room in your car and just don’t have it.

Just like with your budget, take the time to think about what you really need in your next vehicle.

Of course, this should also involve research about various vehicles that may fit these requirements. Before you start at a car dealer auction, you should have a few models in mind that you would be perfectly happy with. This way, no matter what’s available, you’ll most likely have an option worth leaping at.

Consider Where the Car Dealer Auction Is Being Held

These days, most of the best car auctions are held online. They come with a number of benefits, not the least of which is that you can bid on cars from all over the world.

For example, through our site, there are more than 200,000 vehicles you can consider purchasing. You’re just not going to find this type of inventory at any lot.

Now, that being said, you need to think about where a vehicle is currently located before you bid on it. Otherwise, you may end up with an amazing car and think you have a great deal to go along with it only to find that you’re going to pay a small fortune to have it brought to your home.

Don’t Ignore Salvage Lot Vehicles

Finally, some of the best deals will be available on salvage lot vehicles. Don’t let the name scare you away. It’s a complete misconception that salvage lot vehicles are always banged up.

While this is often the case, the term can mean a lot of things, so you could miss some amazing vehicles by making this assumption.

Now that you know what mistakes to avoid, you’re ready to attend a car dealer auction and walk away with a fantastic deal.