Used Car Auctions
Others come from insurance salvage. Damage done to the vehicle could deem it totaled by the insurance company. However, that doesn’t mean there are problems with the safety of the vehicle. A vandalized car can easily have damage in excess of the market value of the car.
Before you bid
- Set a budget
- Check the list of cars to be auctioned
- Look at values
- Read the auctions warranty, if there is one
- If you can, check the VIN
Know if it works
Every auction is going to have a system that quickly identifies the roadworthiness of the car. Usually a green, yellow, and red stoplight concept. Green would mean it’s good to go out the door with no known issues. Yellow would signify the car needs work, but remember, this could be vandalism like spray paint or deep scratches. Red would mean the vehicle is barely running at best and is either good for parts or a huge project. The system at your auction may be different, so make sure you read up on their system before you start bidding.
Check them out
Before the bidding starts, most auctions allow you to inspect the cars going across the block that day. Take the list you made earlier and give them a look. Seeing the vehicles in person is going to give you a lot more information than a simple description and maybe a few photos.
Flexibility is key to buying at an auction. The goal is to get a deal. Bidding up a car because you really want that one is going to hurt you and only you. If the vehicle you’re bidding on starts creeping up in price, drop out. There are more cars that will be rolling across the block.
« Return to "Blog"