Car Auctions - How Do They Work?

Hearing the word car auction can ring a bell in anyone’s ear. And that bell would chime about cheap cars. Yes it is true that one can find very cheap cars at a motor auction. But how to enter the motor auction and how do we get to know when are the auctions? Well, for the second part of your inquiry Business Directory is one place where you can find about the local listings of car auctions and reputable motor auction houses. Know the dates of next auctions and prepare yourself to take part in the auction.

Now, you must be thinking that how does one prepare themselves to take part in an auction and why do you need to be prepared in the first place… you can just walk in and drive with a car, right? Well my friend that is not the case. Firstly, you need to know of good auction houses where you get to see quality cars and fair deals.

Going to a quality motor auction house is very important as good auction houses will announce the status of the vehicles being brought there to be sold. They will let you know if the cars are fit, repainted or totaled. So, you can be sure of what you are buying. Some auction houses may not follow the rule, in that case you need to take a friend who is well informed about cars or even pay a professional motor mechanic to tag along and check the car you show interest in. You can save a lot of money buying cars from the auction houses by reselling them as car prices in auction houses is often very cheap. But again as mentioned above, you need to keep your eyes open.

Another very important thing to note is that most auction houses are cash only. You need to have cash available with you to buy a car as they wont accept any financing etc… you need to pay a bidders fee to take part in the auction, and then when you bid for a car and get the car for the bid, you will be required to present a bank draft to prove that you actually have the money for the car you are bidding for and can purchase the car. A small commission will be charged by the car auction house as their fee which depends on the bid amount mostly.

Please remember, take some senior mechanic along so you wont buy something which you do not understand at that time.