Is buying an auction car good? When you are shopping around for a new/used car, you usually have a list of requirements to help you decide on the best car for you. Price will be top of the list, but you’ll also need to consider the age, the make, the model as well as the options. But how can you make sure you’ll get the best deal?
Where to Buy?
One of the problems with buying cars is that the most common source of vehicles is also disliked by the majority of buyers: car dealerships. Not only are cars at most dealerships overpriced, the selection is also very limited. Furthermore, many dislike haggling with the car salesman and know that they are unlikely to get the best deal.
Another option is to buy from a private seller. But this also has its drawbacks. The selection is even more limited, and it is quite a hassle to go through all the classified ads to find the car that suits your needs. Furthermore, you’ll have no guarantees and the risks are much greater than buying from other sources.
But there is yet another option: buying at an auto auction. Because cars sold at auctions tend to be less pricey, the auction option is the best one for your budget. In fact, that is where dealers source their inventory. Dealers get their vehicles at auctions, mark them up and sell them on to you. By buying at an auto auction, you will be saving on the dealer’s markup.
Another great advantage of buying cars at auto auctions is that you get a much greater variety of vehicles to choose from. This is especially the case if you decide to use an online platform like Auto Auction Mall. At Auto Auction Mall, you get access to hundreds of thousands of vehicles from auctions across the country. And you get access to all this from the comfort of your own home.
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How to Buy?
These are the reasons why it is better to buy a car at an auction. But there are certain guidelines you need to follow to get the most out of the experience. Buying an auction car simply because it is cheap can get you into trouble, especially if you are buying at a public auction where mostly used cars and lower quality cars are sold.
To get the full benefits of the low prices auction cars are sold at, you should look for a reputable auction company like Auto Auction Mall. Through Auto Auction Mall, you will get access to closed dealer auctions. This will give you the opportunity to choose from quality used cars that have maybe just come off-lease or have been traded in by their previous owners for new ones. Many of these cars are low mileage and nearly new. You can also buy new cars at these auctions.
Closed dealer auctions are usually closed to the general public. You need a dealer license to access and bid. However, Auto Auction Mall can lend you their license. This basically means that you get access to the inventory and can browse and get all the information you need to choose the perfect car for you. You can’t bid yourself, however. So Auto Auction Mall will bid on your behalf, up to the limit you set.
Saving Money Buying at an Auto Auction
Have a look at your budget and what you can get for that amount at a dealership. Now, look at the options you have at an auction. The price difference is significant. You can either save the cash for something else or use it to get better options on the car you want. Even with the auction house fees, you can still save money, compared to the prices charged by your dealer, and drive away with a better car.
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