Tips On Bidding For Seized Vehicles At Auction
But this is not about losing a car. This is about how to acquire one with a good deal. And there is nothing more exciting than buying a car and actually "fighting" for it. Auctions can be a great way of displaying your bidding and bluffing prowess.
With these auctions, you may have a fleet of different cars to choose from. You can freely evaluate the cars and appraise its condition before the actual auction takes place. After the auction, you can take the car straight away without much extra fringes that usual car dealers let you go through. But bear in mind that these cars are confiscated by the government and there are no warranties with it.
To start with, in order for you to participate the bidding you must register first and by doing this you are given a bidder number at the auction house before the sale starts. Registration is free.
Before the sale starts there is usually a "sneak preview" conducted for the bidders to examine the cars they would like to purchase through the auction. These "sneak previews" may be scheduled days or hours before the event. It is highly recommended that the bidders inspect the cars they are interested with and assess its conditions which may help them in their purchasing decisions. This can also help you browse through other cars and make a list of selections in case you have been outbidded by another person. You can move on to your "plan B" or second choice.
Car evaluation may go as far as starting its engine. But actually test-driving it is not allowed.
Other than the actual inspection, you should also study the provided catalog well. This will give you a general overview of the cars to be auctioned off with its necessary information like brand, model, year, color, mileage, additional installations, and other features.
With the catalog on hand (these are either provided during the auction or the day before the preview of cars) you can assess the expected price of the vehicles with the use of pricing guides which are also provided for the registered bidders.
Furthermore, the following can be of great help to you if you are quite unfamiliar with the game of bidding at auctions:
- Being prepared is always a key to success. This also goes for auctions. Study well the catalog to know which car you really need. Knowing what you want and need can save you considerable amount of time and energy than just spontaneously bidding for a car you are not sure of and just for the sake of bidding for it. Determine the sum of money you are willing to spend at the auction before the bidding starts. Moreover, ask the auction house what type of payment they usually accept.
- Having an open mind and multiple car choices will greatly enhance you odds at successfully acquiring a car with a good deal. Being flexible with your car selection will allow you to give a second look at other cars that may be almost at par with the car you have desired but have been bought by someone else. In any case, there are sometimes similar models of the same car that may be auctioned at the same day. Keep your eyes and mind open.
- Ensure that you have comprehended the Terms and Conditions very well prior to attending the bidding event. And if you made a successful bid, be ready to pay for the car without delay since these auctions let you have the purchased car right after the auction.
- Lastly, registration requires the bidder to be no less than 18 years old, Taxpayer's identification number or Social Security number, and ensure that you have no pending debts on any property bought in the past from the government of the U.S. Again, registration is free.
Buying a car for a bargain can be fulfilling but it is more so with bidding for it at an auction house.
Related Tags: car auctions, government auctions, car bidding, seized vehicles
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