What to Do Before Attending a Public Car Auction

There are a number of things you should do before going into a public auto auction. It is best to be quite prepared before participating in such an event. In fact, I recommend that you attend a few of these auctions just to see what happens in them and learn from what you have observed. But whether or not you decide to do that, you may be able to learn something more from my own observations on how to prepare for a public car auction.

It is important for you to have realistic expectations about the vehicles being sold in public auctions. Depending on the organization doing the auction, the cars on offer may be of decent quality or may be little more than junk. Government auctions, such as those held by the Government Services Administration (GSA), are said to have good-quality vehicles in their auction, especially when these are government surplus items. On the other hand, insurance company car auctions generally deal with vehicles that were involved with accidents, most of them of little interest to the regular type of car owner.

The quality of the cars being auctioned should be your foremost concern, as public auctions sell their vehicles “as is” with without no buybacks, warranties, or guarantees. You usually cannot return a car after getting it at an auction, and it is very difficult to get any reimbursements.

A public auto auction will generally have a preliminary inspection period. The timing of the inspection period may vary, so be sure to find out the schedule. It may be a day or two before the auction, or in some cases, only hours before. Whatever the case, you should make it a point to attend the inspection, getting there as early as possible. You will not be allowed to drive the vehicles, but you can sit in them and start the engine. You should take down the Vehicle Identification Number of any auto that you plan on bidding on.

You can use the Vehicle Identification Number on the Carfax website to find the vehicle history for a selected car. (There is a fee for using this service). This will allow you to see if the vehicle possesses a clean title. The report you get will include an ownership and service history, which can be very useful information.

You are advised to get yourself a copy of the Kelley Blue Book or some other auto price guide. This can tell you the trade-in values for most autos and will help you in figuring your bid.

If you liked this article, then find more information about public car auctions at http://www.deal-finders.com/car-auctions

Source: www.ezinearticles.com