What is Salvage title? Buyer Tips

Common Nigerian Myths About Online Auto Auctions You Should Ignore

By Femi Amisu Updated: 07/09/2022 Posted: 02/02/2019

Auto auctions provide a means to purchase a wide variety of used cars at lower than existing market prices. This is primarily because most of the cars available for purchase are listed by insurance, finance and auto companies looking to recoup their money and not necessarily turn a profit. This, of course, doesn’t mean that auto auction cars are any less good in terms of quality than any regular car. Myths about online auto auctions are common and we’ll review them here. 

myths about online auto auctions

The truth is in Nigeria, most auto dealers stock their inventory via used car auctions, they have to turn a profit of course so it’s not strange to find some myths and wrong beliefs circulating in order for this to happen.

Notwithstanding, online auto auctions have become the best solution for buying used or salvaged vehicles. However, there have been several myths that have prevented prospective clients from registering and purchasing from auto auctions. We’ll review some of them.

Online Auto Auctions are Bad For First Time Buyers

This myth scares off first-time buyers when the truth is that, online auto auctions are very customer friendly. Thanks to the internet, it is possible to be in Nigeria and purchase cars without stepping foot in the US. These online auto auctions are easy even for those with no prior interest in cars. Auto Auction Mall, www.autoauctionmall provides first time buyers with a large inventory of course and extensive knowledge/information base such that potential car owners can have easy access, easy registration, and all the information they need to feel comfortable enough to participate in their first auction.

Rest assured, an online auction is not rocket science. Yes, it is a lengthy process but that’s mostly due to transit times.  

Online Auto Auctions Only Sell Damaged Vehicles

Online auto auction houses including Auto Auction Mall, gives potential car owners access to a wide variety of cars that include ready to drive (run and drive) cars with clean and clear titles including repossessed cars and not only salvage titled/damaged cars. The type of car you purchase at the end of the day depends on you.

Car Auctions

Sometimes dealers purchase slightly damaged/salvage title cars at even cheaper amounts in order to fix and maximize profit. However, if you’re still in doubt of the status of the vehicle in question, then you can check the Vehicle Identification Number (VIN) to ascertain where and what the vehicle has been through. This way, you’re no longer skeptical about it.

Salvage Cars Are Sold At Penny-like Prices

Salvage cars come at a really affordable cost. Especially if you’re buying from auctions like Auto Auction Mall that gives you access to dealer only auctions. However, it is untrue that these prices are throwaway prices or in pennies. As a result of this myth, buyers get disappointed when they can’t buy their desired vehicles at the really low prices they had in mind. It is important to note that most salvage titled cars are not totaled cars and most of them still have functioning engines and sometimes can move under their own power.

Salvage Cars are Irreparable

The title; “salvage” refers to vehicles in the auction house that has varying degrees of damage. The damage may be as light as dents or brushes on the body of the vehicle or entire collisions. Whether the vehicle is irreparable or not depends on the level of damage done. Some vehicles arrive with scratches, dents, engine malfunctions, and sometimes worse damages. If a vehicle has a scratch, it definitely cannot be classified as irreparable. And even those deemed irreparable are purchased by hobbyists for their spare parts value.

Online Auction Don’t Grant Auto Inspections

This is one of the most common myths about online auto auctions. At Auto Auction Mall, you can inspect your intended vehicle at the venue, prior to the auction date. There’s also an auction specialist you can get in touch with. You’ll have assistance with estimates and details on the scheduling and charges by the auction clearing house. A vehicle inspection company can stand in for you if you’re not available to personally inspect the vehicle. As stated earlier, it’s just a myth, not the truth.

On several occasions, myths have blinded prospects and forced them into buying new vehicles beyond their budget plans. Car owners have unknowingly been swindled via odometer fraud, disguised flooded cars and restored totaled cars. But now that you what’s real and what’s not, visit www.autoauctionmall.com  to search our over 150,000 vehicle inventory and let’s get you on your way to purchasing your dream car.