If you are running on a budget, or looking for a good buy at of course, the least cost for you, or maybe just scouting for your first car, the best place to look for great bargain finds is at auto auctions. Don't let the word scare you. It is relatively easy to get started on your first auto auction bid. The following are helpful tips to make your first purchase a lot easier: 1 Determine and Keep a Budget Bear in mind that on top of the car's price, you still have to pay taxes, auction fee and prep fee, buyer's premium, etc. Check with the auto auction venue. 2 Obtain Financial Backing Bear in mind that you should choose one that fits your budget. Remember that you still have to pay that loan back so do not avail an amount that is more than you can handle. 3 Preview Auto Auction Inventory Be sure to thoroughly inspect the vehicles. It would be helpful to bring your trusted mechanic along. Or run a CARFAX on your vehicle so you are sure that your car was not wrecked prior to your purchase. 4 Register 5 Place Your Bid and Buy Raise your card when you accept the amount announced. Another interested party or two may follow your bid. Continue to bid on your vehicle until either the bidding has gone beyond your budget or you've won or lost the bid. 6 Proceed to the Cashier If you need to leave to visit your bank or if you want to enjoy the remainder of the auction, you can check-out anytime that day before the office closes 7 You may now Drive off with your Car While all the paperwork is being handled, When you are ready to go, show your sales receipt to the check-out staff on the lot and the car will be brought around after completion of the auction. There will be no check out of vehicles during the auction. Everybody gets to check out the car only after they have paid and did all the paper work. |
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