Guide to car auctions

p> Car buyers looking to bag a bargain vehicle can find excellent prices when heading to local car auctions

. Unlike car dealer auctions, which can only be attended by licensed dealers looking to supplement their stock, car auctions are open to the general public as well - meaning more people have a chance to get a used car at a nice price.

Car auctions take place across the UK, and you could find one happening near you simply by looking in the Yellow Pages, browsing classified ads in your local newspaper or on community websites, or by leafing through a car magazine. You can even find auctions dedicated to a specific type of vehicle you might be interested in, such as sports cars, vintage models or 4x4s.

It's advisable not to bid for cars at your first auction, but rather to use the experience as a way to learn how the auction process works - that way, you won't end up paying more than you have to for a used car next time. By taking along a price guide for the models being auctioned, you'll be able to compare their final auction price to wholesale trade prices, dealer prices and private seller prices that would be expected for vehicles of that make, model, age and condition.

You can also find car auctions online, but there are obvious advantages to bidding cars you can inspect in person - not least to check whether any repair work needs to be carried out, so you can factor windscreen repair prices or other repair costs into your final bid. It's important to set yourself a limit too, to avoid getting caught up in the excitement and paying more than you intended to - there will always be other auctions in the future.

Used car auctions aren't just an opportunity for buyers to get a great deal by cutting out the middle man, but can also be highly beneficial for sellers looking to quickly and conveniently make money from their old vehicles. However, just as buyers should set themselves limits to avoid paying too much, so should sellers avoid charging too high or too low a price for their vehicle. Fortunately, the auction company will be able to advise you of the price you could expect to receive for your vehicle, allowing you to make an informed decision as to whether a car auction is really the best approach for you.

Guide to car auctions

By: Janine Barclay

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