It is said that car auctions are a good place for someone who wishes to find good cars at a great price. It is likely the place where you can easily pull a good deal. Generally cars are cheaper in car auctions and this has to do with the sources of the car.
One the one hand, we have those cars which are reposed and on the other, those that are being sold to clear some seller’s stock. The prime motivation for the sellers is often the desire to clear off the stock rather than to earn money.
Sometimes you may go hoping to catch a good deal from car auctions, but you may end up losing by purchasing a poor quality car. This is often due to the fact that you may end up paying your economies for a car that is not worth the money. This is why you may need to get some tips on how to make the most of the car auctions.
Most important thing to know is that you have to “make business” only with the dealers or auctioneers who are known to have good reputations. That’s because there have been some dealers who have been accused of bringing to the market, cars that are written off. This can even occur in countries that have laws and guidelines on the sale of second hand cars.
Another risk to watch out for (in countries unlike Cyprus) is that of buying a car that is stolen. Once again you protect yourself if you are careful about who’s the auctioneer.
Buying cars from government or police auctions is often a safer and cheaper place to get a car. This lies behind the fact that the car is often a genuine car which would have passed the minimum quality tests. The cars being auctioned by the government would also, under normal circumstances, attract a much lower price.
Most of the other, less significant tips, on how to get a good deal, are on how you manage the day of the auction. This is where the saying “the early bird catches the worm” often comes true. On the day of the auction, you need to ensure that you wake up early and get to the auction site early enough to catch the worm!
In the case of an online auction, there are usually a few days to place a bid, ensure that you do this early enough to get the best deals.