5 Things to Bring to a Car Auctions
Of course, there aren’t people who have frequently purchased vehicles at a car auction. It can be pretty intimidating as it’s something really new, you don’t know the procedures and it sounds like it’s going to be a bid-war in there. To be part of the war-bid, you first need to make sure that you have the items below. Else, you might not even be permitted entry.
1. Personal identification
This is needed for two reasons – for registration for the auction and subsequently for the paperwork if you are the winning bidder. Not having this with you may result in you being denied entry and there goes the thought of driving a new car home tonight.
2. Driver’s license
A buyer needs to have a valid driver’s license. Not only this is needed as a pre-requisite but of course, you would need a license to be able to drive home the car after winning the bid.
3. Money, check or credit card
Without these, how would you be able to set hands on the car if you have won the bid? These are obvious items but there are people who actually attend an auction without having sufficient money on them. The reason is that they have just come to look but once there and presented with a range of models at jaw-dropping attractive prices, they kick themselves for not having money on them. However, you first need to make sure that the auction houses accept credits card as well before bringing them.
So how much cash shall I bring then? You first need to know what you are looking for. The amount of cash should start from $2,000 to $10,000. This should be enough as most auctions let you pay a deposit first and then you have the next couple of days to settle the outstanding balance. If you don’t have sufficient funds, this should be sorted out with your banker prior to attending the auction.
4. Kelly’s Blue Book
What’s this? Some call this ‘the bible of car auctions’. It’s not exactly a book but of course, it is when you compile a list of information. For the uninitiated, the Kelly’s Blue Book is the largest automotive vehicle valuation company in the United States. Both new and used car vehicles’ prices can be found on their website. By having this ‘book’ as a reference, you would know the value of the car that you intend to purchase. This prevents you from bidding too high for the vehicle.
5. A mechanic or used car dealer
You don’t need this if you are good with cars and are able to tell if the vehicle is problematic or a lemon. Else, you would need the expertise of a mechanic or a used car dealer who is able to pinpoint problems and run quick checks on the car. This is vital because vehicles sold are not refundable and there are also no warranties or guarantees given for your purchase. That said, you will have to bear the cost of all repairs should you buy a faulty car, that is if the car can be repaired at all!
This article was prepared on behalf of YourNextCar.info, an authority website in government seized cars. Visit the website to learn more about how to win in car auctions.
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