Car auctions have become a big business in the United States. However, car auctions have also become popular in several other countries throughout the world. Many great deals are abroad, and buying and selling take place in distant locations.
The process involved in finding a car auction abroad is similar to that one would follow in America. It means that you need to do your research, which has certainly been made easier with the amount of information now readily available on the Internet.
Where Can I Look For These Auctions?
Just like in America, many countries have government and police auctions, and these provide some of the best ways to get incredible vehicles for rock bottom prices. Online, you will find a plethora of websites in various countries devoted to such auctions, and this certainly makes learning about the process that much more streamlined.
Depending on which country you are planning to visit, however, there are usually some cultural and language barriers to overcome, as well as legal considerations to take into account. Therefore, it is wise to make yourself familiar with how auctions work in the country in which you are interested in buying, as well as whatever legal requirements and restrictions there are in place. There will also be language issues to deal with as well, but you can generally do a great deal of your research online prior to beginning the auction process itself.
Many auctions abroad allow you to search the vehicles online and even bid online as well. This makes the process easier and brings it a lot closer to home.
What Are Government and Police Auctions?
Similar to the United States, in many countries surplus or seized items are auctioned out to the public. This usually takes place in the form of an auction, announced well ahead of time, and prices can often be quite good. Naturally, there is some risk involved as many auctions will not allow you to examine the vehicle being sold. You will need to purchase the car or truck in “as is” condition.
Whenever various agencies of a national police force, or customs officials, seize vehicles for whatever reason, these same vehicles will eventually make their way to auction. This can also include surplus car parts that the military no longer needs. Since these items must be sold at the auction, and the government does not want to leave them sitting around, the end cost for many of the cars and trucks will end up being far below the prevailing market price.
Finding a Suitable Car Auction
Government and police auctions, in addition to private auctions, take place throughout the world, all year long. They take place via multiple formats and methods, so that is where your research will come in handy for sure. Much of this information is free and readily available online, and you should not have to pay to get access to auction listings.
You will run across many companies online that will offer to sell you auction lists. This is the same information that you can find yourself. In addition, you cannot be certain that the information contained in a paid list is accurate, so it is best to just do your own searching.
In the United States, and many other nations are similar, you will find a government-sponsored website that will detail surplus auctions, where they are going to take place, when, and the format. This will be enough information to get you started.
The Auction Experience
If you have experience attending such auctions, then the process will be rather straightforward in most cases. If not, then the fun will be just be beginning. Embrace the process, as auctions can be a great experience, even if you do walk away empty-handed in the end.
Remember that the primary motivation for attending an auction, in most cases, is to get a great deal. Do not get caught up in the moment and lose sight of that core objective, or you might find that you have paid over market price for a vehicle that you are not even sure about the quality.
If, however, you cannot or are not willing to attend the auction in person, there are plenty of auction houses, including in other countries, that allow you to bid online. This will save you from traveling to another country just to attend an auction. As well as spare you the stress associated with the auction experience.
Knowing the Scams from the Reputable Auctions
It is often difficult to weed through all of the scams out there, particularly online. One method that is proving reliable, however, comes in the form of online reviews. It is getting more and more difficult today for a bad auction site to function very long. As the negative reviews posted online would quickly catch up with them.
Particularly when dealing with auctions abroad, it is best to only deal with sites that have earned a solid reputation. There are simply too many options out there to deal with one that is new and questionable. Look for places that have many satisfied customers posting positive reviews. And remember to conduct your own research as well.
In the end, there is no guarantee of having a successful experience. But employing this method will certainly go a long way toward making it happen.