Public Auctions
If you loose and the law of average says you willUnless you really know what your doing be CAUTIOUS many of these vehicles will be entered by Curbsiders and wholesalers not licenced to sell public…
· You can't test drive them
· You don't know a starting price
· You have no comeback
· In some cases you don't even get to see them prior to bidding
· Some auctions will have financing but most will insist on full payment up front
· Some vehicles will be sold Certified and drive clean…if you ever consider buying one, then at least check out that a reputable establishment Certified the vehicle… Dont buy...The Odds are against you...
· Exceptions…Vintage Auctions….
YES
All dealers buy from an Auction but not the same as a public Auction...these two type auctions are about as far apart as heaven and hell
Some public Auction advertisements says NO DEALERS ALLOWED...give your head a shake that statement alone should make you stay away
E Bay Auction
Lets face facts the main reason someone shops for a car on E bay is thinking a better deal, yes there are good deals but also a fair number thats not, and unless you really done major homework how it works stay away.
Here are some facts to consider...Bid only on cars where sellers allow you to cancel after you inspect the car.
Travel or delivery cost - lost work time
Sellers Reputation...You seen the car you like and your now checking the sellers reputation, wow feedback looks great with many satisfied consumer transactions, did you expect otherwise ???, Its a simple SCAM to get a new ID and create a list of satisfied buyers
Carfax - Auto Check You will be able to check every car your considering for purchase , its an investment worth the bucks no matter whom you buy a vehicle from , enter your current vehicle's 17 vin # AutoCheck® to give you an idea how it works...
The smart buyer today will obtain a vin # prior to viewing vehicle saving a lot of leg work
While there are thousand of items on E Bay I would consider, bidding on a vehicle is not one of them, kicking tires is the only way to buy a car, you may end up with a sore toe but will still have a wallet in your back pocket
Should i Buy a Salvage Car
Through Allexperts.com and this website i been getting far to many questions about Salvage Cars and the main reason has been price...yes you can buy a salvage car way below market value but at same time you must understand a salvage is a vehicle thats been written off by the insurance co... patched together declared road worthy with the title SALVAGE
SUMMARY...If you went shopping for a chair that cost $100. and right next to it the identical chair $40. but the sticker said all 4 legs were broken at one point but now glued together and declared safe... THATS SALVAGE...how safe would you feel sitting on it, never mind going down the hwy at 70 mph
Horror story
following is an e-mail i recived that should serve as a warning to others buying at an Auction
Unfortunately my daughters boyfriend is already in over his head after paying $5000 for a 02 civic that won't pass inspection due to the frame being bent, cracked & basically patched together . The auction of course sold the car 'as is' & the mechanic on the premesis raved about what great condition the car was in. Being a first time buyer of any vehicle let alone from an auction he was sold because the car looked really nice not knowing what lies beneath. Does he have any recourse to get his money back? He's 20 & in college so can't afford to throw money down the drain. A body shop said it would cost about another $5k to fix the frame! Any advice would be appreciated.
SUMMARY...I am sure he will never again buy anything without doing his homework, this is a perfect example why the industry is buyers beware. There is nothing wrong with buying a car AS IS providing you make it subject to an independent inspection...
Purchase that used car with confidence. Before you buy, AutoCheck® it and protect yourself from hidden problems.
