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What You Should Not Take To Used Car Auctions
20th November 2009
The price you pay for at used car auctions is always higher than what you originally bid. Lets not forget about the buyers premium and this can range from a few hundred dollars all the way up to a couple thousand dollars. It can be ten percent of the bid of maybe just five. When you get caught up in the excitement of a bid it is easy to forget about the buyers premium.
Always make sure that the contract says how many days you have before you need to get the title. If it does happen to take them longer to get the title to you then you can always get your money beck because this is a breach of contract on their behalf. I personally do not think it is safe to bid on a vehicle unless there is a title there.
So when it comes to going to an auction to buy a car, always assume the worst. If you get a bad feeling about something you can always trust that this is probably not a good thing and you should trust your own instincts. Do not be stupid and think that you’re gonna get lucky and that someone who scams you will get justice served upon them. This rarely ever happens.
Take every step you possibly can to protect yourself from scams. This way you won’t end up needing a lawyer. You usually won’t find a lawyer that will take a case when it comes to used cars because it is not worth their time. Then there is the states attorney and I don’t think that they have the time or could care less about you and your bad deal on a used car.
Remember that when you are buying a car on-line you can not inspect it by no means unless the car is being sold at a local auction. Now if you get an auction that is out of state then you cant look at the car at all until after you go and get it and then you might realize that it is not worth the price you paid for it by far,
Always get to the auction as early as you possibly can so that you can pick out what you are bidding on and to make sure that you can inspect it as much as you can. Make sure to beat the crowds so that there is no one and nothing to distract you. Bring a Kelly blue book with you so that you are not going to be over paying for something.
Always make sure to open every door on the vehicle you want. Also look under the hood and make sure that all of the Vin stickers are on the vehicle and that they all match with one another. Usually if they do not match the car was stolen and then again it might have been in a wreck and had replacement parts on it.
Now the way that dealers know how to bid is buy using a little black book and this books containers the prices that the car is suppose to be based on mileage and how the car looks and has been taken care of. Always make sure that you check everything you can before you buy a used car, if you do not know what to check make sure to take someone with you that does.
Want to make sure you’re getting the entire truth at used car auctions? Wonder what you may be missing when you read car auction classifieds? Don’t get ripped off!




