June 12th, 2009

Looking for a great deal on a car? Try a public auto auction. There you’ll find everything from luxury automobiles to junk projects. Whether it’s for personal use or resale, a lot of people purchase vehicles in this manner. But unless you keep some things in mind the auction can turn into a nightmare.

Some of what can go wrong includes buying a bad car. The car won at auction might turn out to be a lemon. The rule of the auction jungle is “as is”. Even children have been taught about “as is” through a television cartoon showing a guy buying a used car. The salesman responds “as is” to every question. Once the sale is made and the man tries to enter the car, it shakes itself apart. ”I want the car as was!” screams the angry driver. Don’t be like that man.

Auto auctions generally give potential buyers time to look over the cars. Avoid the auctions that don’t. Spend time at the facility before the auction begins. Inspect and take a spin in the interesting autos. Bring a mechanic to provide an expert eye. If that isn’t possible, at least drive the car for an inspection during the test drive. It doesn’t take long to check key components like the engine and breaks. Check other elements for damage. This includes the body, upholstery, and bumpers .

Auctions also come with a built in problem. Auction prices can be terrific, but sometimes people assume a bargain where there is none. Like other types of auctions, auto auctions can be the same way. The bidding can easily escalate to well over the car’s value. There are also fees to pay, so pay close attention. Be armed with Kelly Blue Book values as well as real sales examples of similar models and years. No need to even look it up in advance since the information is online and phones can access it. Don’t pay more than the car is worth, even if it’s a coveted antique.

Keep in mind there are deals to be found. But keep your eyes and ears open. There’s a sucker born every minute. Don’t be the minute man at an auto auction.

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