auction house
Car Auctions Buyer Tips

Can I Buy High Quality Cars at Auction? 

By Mike Richards Updated: 08/28/2017 Posted: 10/22/2015

This is undoubtedly one of the most frequently asked questions when it comes to auction cars. People see that they have the potential to save a substantial amount of money when they buy a car through an auction, but they worry that they are going to buy a clunker that will cost more than it is worth to get running again.

While it is certainly true that there is a danger of buying a poor quality car at auction if you are not careful, your story doesn’t have to end that way. When you do your research and understand what you are getting, it is entirely possible to find a great vehicle that actually exceeds your expectations.

Understand the Process and the Vehicles

Buying a car at auction is not the same as buying from a local dealer. You will be bidding on vehicles against other buyers that want the same vehicle. While you can find cheap cars for sale, other bidders can push the price up quickly, especially if it is a high-quality vehicle with several interested parties. You need to know the process of bidding, as well as how much you are willing to spend on a vehicle. If you aren’t careful, the “fight” for the car can cause you to spend more than you originally wanted.

When it comes to finding quality vehicles, it pays to know exactly what it is you are bidding on in the first place. Are you looking for a salvage car that you can rebuild or repair and get on the road? Are you looking for a car that you can use for parts to finish a vehicle that you already own? Know what you need when you are going into the auction, so you can be sure you are actually getting the right vehicle for your purposes.

Getting Some Help

Chances are you do not have the time to do all of the research you need on the vehicles before an auction. In some cases, you might not even know what’s available until the day of the auction. You might not even be in the same country as the auction, for that matter.

This can be frustrating, and that’s why many who want to buy cars at auction enlist the help of a registered third party dealer. They can attend the auction (including auctions that aren’t available to regular buyers) and find vehicles for you. You can let them know your budget and the type of vehicle you want, as well as any other particular requirements that you might have. This makes finding high-quality cars at auction much easier.

If you are going to get someone to take care of the bidding as well as the exporting of the vehicle for you, make sure you are working with a reputable company that truly understands the business. You should be putting in just as much research to find the right third party company as when looking for the right car.

Do Not Avoid Auctions… But Buy Smart

Don’t neglect the possibility of finding a high-quality car at auction. As you can see, with some research and the help of a third party, you can get a great car that’s perfect for your needs.

Explore our Vehicle Auctions, as well as finding more information about How These Auctions Work.

Comments