Everyone wants to get their dream car fast and cheap, and one of the best ways to do that is through a car auction. If you think that the only cars they have on auction are the lower-end vehicles, it might surprise that there are hidden gems like luxury and sports cars thrown in the mix.
The mode of buying and selling in car auctions is quite different from the usual auctioning of antiques and everyday items. Before you try your hand at the auctions, you need to do some research on the auction and the car you’re planning to bid on.
Pickles.com.au says if you are buying a car through a Melbourne auction, it’s important to check their information online first. Since cars are typically one of the more higher-end items in the auctions, second only to property, there are many that may try to scam you out of a supposedly good deal.
It also pays to do some research on the car you’re planning to buy, as well as the people who will be holding the auctions. The cars they have on auction, especially the luxury vehicles, may have been stolen and they are just looking for a quick way to get rid of it.
Look up the car’s history and if possible, check with the local authorities. Getting a good deal is useless if the car you won brings you rouble in the future.
Physical Inspection and Bidding
Once you’ve decided on the car you’re interested in and did your preliminary checking online, do some physical inspection. Its condition is the most obvious thing you should consider, but you should also think of how much mileage you’ll get out of the car you’re planning to bid on.
If you really want to play it safe, you may even want to bring your mechanic with you to check if there’s any tampering done.
Once you start bidding, you’ll be more confident knowing that the car you’re planning to bid on isn’t stolen or may have existing problems. It really pays to do your homework, as you might unknowingly spend a fortune on a chunk of metal that you can’t even drive.