Buying at a car auction has the potential to be a great way for you to get a vehicle without spending too much money. However, even though there are many great auctions out there that you might choose, you still need to be very careful.
The following are some things you need to watch out for so you can avoid scams and cons in the world of car auctions, as well as some tips on how to buy right.
Avoid Title Washing
Title washing could be a serious problem if you are not careful. In these cases, people buy salvage vehicles and rebuild them so that they appear to be new and completely normal. There is nothing wrong with rebuilding a vehicle that is a salvage car. In fact, it might be what you do when you buy a car through an auction and have it shipped to your country. Read information on Rebuilt Title Laws for US States.
The problem stems from rebuilders that register the vehicle in several different states in quick succession. They do this in the hopes that it will eventually lose the salvage title and then receive a normal title through clerical errors that happen more often than you might think.
They then sell these cars at auction for a higher price, as they don’t have a salvage title associated with them. You would end up spending more than you should on a vehicle that has a salvage title.
That’s not to say there is anything wrong with salvage vehicles. In fact, they are great options for many buyers, and you can find some great vehicles. You simply need to know what it is that you are buying. To avoid this, you can always try to do a title search on the Internet on your own to determine the real nature of the vehicle you are buying.
The Nonexistent Auction
When you are buying through an online car auction, how do you know that it is really a legitimate auction at all? If you do not do your research to check into the veracity of the auction, you could be spending on a vehicle that you will never receive. Even if you only put down a deposit when bidding, you have to be careful.
While there are numerous quality auctions that occur regularly, you can be sure there are some fly by night sites that set up operations, collect money without following through with any actual vehicles for their customers, close up shop overnight, and start the process all over again under a different name.
Take the time to do your research on the auction site before you even start looking for vehicles. Make sure they have a good reputation and that you can trust working with them.
Go with a Third Party to Help You Buy
One of the best ways to avoid any potential scams when it comes to online car sales is to work with a third party dealer that can access the best auctions. They know how to find the right cars that have actual titles, and they only work with the best quality auctions on the web.
This makes it easier than ever to buy cars in the USA. Of course, you have to make sure that you research this third party dealer as well to ensure they have a good reputation. As always, a little research goes a long way.