subject: Purchase a Car from Auto Auction by:Teeny Ingberg [print this page] Every month there are many new, and usually used vehicles are sold from an auto auction sites. Auctioned cars are like an alternative to buying a used car, but usually with a very low price. Many of these vehicles are repossessed because of the owners defaulted on their payments, and the banks and financial institutes will try to auction these repossessions.
If you do the search on the web for your area about car auction, a great chance that you will find auction websites that will help people with finding the auctions. Register at the website and fill in the application for the membership. There are more tips about cars at http://www.fidetips.com/car for you to read.
Decide on what kind of vehicle you will like, such as a car, truck, SUV or van, and the other features like the color, accessories, mileage, manufacture year, and the fair market value. You should also research for the make and model that you are interested in. The auction website will help locating auto auctions in your city, and also obtain the admission with their exclusive access rights. They will usually have the instruction for the bidding process and the addresses for the locations.
Go to the auction site during the day of auction. Try to be there early so that you have a moment to review all the cars for auction there. After finding the right car, ask the persons at the stand about the history of it, and also ask if you can have a background check on it. Check the parts like the power brake, steering, windows, doors, hi-fi, head light, tail light, wipers, mirrors, air conditioning and other parts you think are important.
Also ask about the premium, which is the service fee for the auction company. You should make sure the premium is reasonable compare with the price of the car. With all the information and research, try to bid for your dream car with confidence within your budget. You may be bidding against a few used car dealers. Since you will bid at a right price, you will most likely be the winner of the bid.
About the author
Teeny is a writer for finance, computer, travel, cars, shopping and other subjects for many years, please visit http://www.fidetips.com/car for more information.
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