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You may or may not have had the chance to attend a car auction before. Either way, they are a place to get an excellent deal on a great car. However, there are many myths associated with car auctions that could possibly hamper your next car auction buying experience. I will clear of a few of them below.

Myth: You need a dealer’s license to attend a car auction.

Truth: Many auctions of the past required you to have a dealer’s license, but this is not the case any more. There are plenty of public, police and government car auctions you can attend without a dealer’s license.

Myth: There are only lemons and junker cars found at car auctions.

Truth: While you might find you occasional lemon, most cars at an auction are in good running condition. You should remember to bring a mechanic with you to check under the hood to be on the safe side though.

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Myth: You don’t have to pay for the car you bid on if you change your mind or don’t have enough money to pay for it.

Truth: Although it is very easy to bid on cars at an auction, don’t take it lightly because your bid is considered a legally binding contract. So, if you are the winning bidder, you are expected to pay for what you bid on, sometimes in full.

Myth: You have to be a car dealer to know where to find a car auction in your city.

Truth: Car auctions take place all around the country and their location is not kept secret. You can find car auctions at towing yards, in your local newspaper or by asking you police department when there next auction will be taking place. But the easiest way to find all of the car auction sites near your home is to buy a list that will tell you about all of the auctions in your city.

In conclusion, car auctions are not as mysterious and confusing as some may make them seem. They are easy to find, you don’t have to be a dealer to attend one and they contain great running cars!

 

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You decided to save some money when buying a used car and you are about to go to your first car auction. You are feeling the excitement and anticipating finding your perfect car. There are so thousands of cars to choose from and you start feeling overwhelmed. Do you really know what to expect from used car auctions? Are you aware of the legalities that you must abide by at used car auctions? Most people get in way over there heads at car auctions. If this is your first used car auction, you better do your homework.

Here are a couple of things you should know ahead of time. First, before you go to a public, police or government car auction make sure you have enough funds in your checking account. Please check with individual auctions as some do not accept private checks. All cars purchased at used car auctions must be paid in full. You will also need to have your drivers’ license and some other form of ID to bid on and purchase a used vehicle at the auction. This is also needed to do the title work and Department of Motor Vehicles registration.

Try to get to the auction early to check out the cars that you are interested in. Then, if you can, go to KBB.com and check the wholesale value of the motor vehicle that you are interested in. This way you would have a good idea of how much you should pay when you start bidding on the vehicle. At a car auction, many vehicles have a reserve price. This means that the vehicle has a minimum price it can be bought at. If it is too much, don’t bid on it. Make sure when you do bid that you do not get into a bidding war. Never bid more than you can afford. If a bidding battle begins, just walk away. In a car auction, it is every man or woman for themselves.

Very important, before you even bid on a car or truck that you like to check the Carfax or Auto Check online to see if the vehicle was in an accident. Many cars or trucks at used car auctions may have been previously damaged. A good example of this is in New Orleans, Louisiana and Florida where many cars are damaged by flooding during a hurricane. These vehicles are usually sent to car auctions and the buyers have no idea about the flood damage. Also you may wish to take a mechanic with you to the car auction. A mechanic is a good idea at a public, private or police auction simply because they can see where someone may have tried to conceal any previous damage that the particular vehicle may have incurred.

Remember, at all auto auctions vehicles are sold “as is” and in addition they do not have a warranty. Keep all of these suggestions in mind to protect yourself from a bad investment. You should be able to go to a car auction and get a great deal on a car and cut your costs. With the right frame of mind and the tips listed above, this is can be easily accomplished.

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What do I do check for at a car auction. I live in baton rouge,la they are having a open to the Public Police auction. Most of the cars theyre selling or police cars (impalas,crown vics) I just want to know what to look for when inspecting the cars..

Its oct 4th,2008

the inspection days are Oct 1-3