Buying a new car from a dealer can be an expensive hassle, filled with negations, the stress of determining payment options, and finally, a large downpayment. For hopefully car owners looking for a better alternative, buying a car online is one the best methods of attaining car ownership. Online auto auctions are open for both dealers and regular customers to browse and bid on a variety of different models. Prepare for buying a car online by reading all about the essentials of auto auctions, here.
Check out these top tips on buying a car online at an auto auction in order to minimize risk and successfully purchase the car of your dreams — all at a highly affordable price.
Do Research Online
Before joining in on an online auto auction, complete plenty of research so you know what you’re getting into. That includes viewing every available picture possible in order to get an accurate assessment of all wear and tear. While some damage may be repairable, other types might not. Consider what type of damage you are willing to acquire, if any, and be sure to factor that into pricing.
Call Ahead of Bidding
Once bidding begins at auto auctions, everything moves in a blur —prices rise quickly as bidders battle for the best deal on cars, and there is almost no time to reflect or research on details. Avoid purchasing anything on impulse by calling the online auto auction ahead of time and asking every and any question you might have. Determining payment methods for that specific auto auction, how and when the title will be given, and other essential information is key. Also, be sure to ask if there is any sort of warranty or buyer’s satisfaction guarantee. Not all auctions offer these services.
Request the VIN
A vehicle identification number (VIN) can provide the history of each specific model of car through research agencies such as CarFAX. These reports will provide you with information on wrecks, mileage, and any existing insurance claims. By obtaining the VIN from the online auto auction and conducting some brief research, potential car owners can more accurately determine the value and condition of the car.
Browse among different car brands and models online at auto auctions by using this advice and discover the best, most affordable car for you.