No one likes to go through the hassle of buying a vehicle. There’s the paperwork, the time spent wandering lots trying to talk with salespeople, and other frustrations.
Fortunately, the internet now provides you with a better way to buy. Most people already use the internet to find information on different types of vehicles. Online auto auctions are helping to bridge the gap and to make buying vehicles easier than ever.
Let’s look at some of the issues that stem from using other methods of buying, and then cover the benefits that online car auctions can offer.
The Trouble With In-Person Auctions
When you are buying through an auction in-person, you will need to set aside time to get to the auction location and to look over the vehicles. If they’ve added any information about the vehicles online, you will want to research the vehicles before you actually visit the site.
Keep in mind that these auctions will contain a number of other people bidding on cars, including the vehicles that you want, and this can cause an unexpected problem.
When you see vehicles in-person, you can develop an attachment to it long before you actually own it. When someone else wants that vehicle and they start to bid against you, the price goes up. You could easily be spending more on the auction vehicle than you anticipated, and this can affect your budget.
If you plan to go to an auction in-person, it really is in your best interest to make sure you understand what happens at the auction and how you will need to bid before you go. You don’t want to be confused on the day of the auction.
Even better, you might want to skip them altogether and consider online auto auctions instead.
The Problems Used Car Dealerships Present
If in-person auctions have many problems, then you might simply go to a used car dealership. This is an option many people choose. However, it’s not always the right option.
Consider a few things first. The used dealerships in your area will have a limited selection when compared to online car auctions. You won’t always be able to find the vehicle that you want. That’s not to say that all online car auctions will have the vehicle of your dreams, but you will likely have a much larger selection.
Another problem with buying through a used car dealership is dealing with the salespeople. Sometimes, they will ignore you. Other times, they may pressure you into buying a vehicle that you do not really want.
You also need to consider the price of the vehicles. The dealerships need to make money. Many times, they get their vehicles from auctions, so they mark up the price from there – generally at or slightly above the fair market value. Whether you are buying outright, or you are on a financing plan, you will be spending more at the dealership than you would have spent through online car auctions.
The Issues of Buying Directly from Owners
Buying directly from an owner that wants to sell his or her vehicle may seem n easier process. There is less paperwork and hassle. However, there’s also the fact that you are buying from someone you do not know and who you cannot always verify is telling the truth.
There could be something wrong with the vehicle. The vehicle could be stolen. While many have been successful buying vehicles in this way, it has caused problems for others.
If you do decide that you will buy from an owner directly, use your common sense. Don’t bring cash when looking at the vehicle. Take another person with you, preferably a mechanic that can look over the car to determine if there are any problems with it.
Check the price against the fair market value of the vehicle as well. If it is too high, try to negotiate with the seller about lowering the price.
Benefits of Online Car Auctions
Online car auctions can offer some advantages when compared with the other buying options we’ve discussed. It’s easy to see the inventory that’s available any time you like, as long as you have an internet connection. You can also get information on the VIN and the history of the vehicle.
When you buy through an online car auction, you will generally find a wide range of vehicles from which to choose. These have a large number of makes and models available, and these also happen to be priced much lower than what you will find when buying through other methods.
However, you have to realize that a number of the vehicles that are sold through online car auctions have salvage titles. This doesn’t mean that they aren’t worth considering, though. It simply means that they will need to have some repairs done before they can receive a rebuilt title and get on the road again.
It’s easy to see how an online car auction can help to make your overall buying experience much easier.