When you are looking to buy a new car there are many options available to you. Buying a car privately or from a dealership will give you a good range of choice and a chance to look over the car, but you will also be paying a premium to the seller.
Buying a car at auction means that you will have less opportunity to look at the vehicle before you do, but it also gives you access to some significant savings.
Finding good cars at auction is a difficult game to play, but if you play it right then there will be a lot of savings to be made and some great deals to snap up. This article looks at what key indicators you should be looking for.
Looking at the previous use of the car and the reason for sale is a good place to start. Many cars sold at auction will be ex-fleet cars that may have many miles on the clock, but if a company has previously owned the car then it is likely to have been well looked after.
Going along to government auto auctions is a particularly good way to get a car in good condition because cars that have been owned by the government have to be well maintained because breaking down is simply not an option. Looking at the previous use of the vehicle will tell you a lot about what condition it will likely be in.
Cars are mechanical systems that will have a finite lifespan, no matter how well looked after they are. Looking at the mileage of the vehicle at auction will thus tell you a lot about the potential longevity of the vehicle that you are looking at.
A car that has travelled almost as far as its engine typically will is very likely to be nearing the end of its useful life. You can determine the lifespan of a vehicle in terms of mileage with a simple search online and this will enlighten you as to the quality of the vehicle. Remember, however, that an ex-fleet vehicle will likely be in far better shape with the same mileage than a privately owned vehicle will.
Checking the date of the last MOT and the service history of the vehicle is an important step in identifying whether it is a good buy or not too. A car that has recently passed an MOT is likely to be in good condition, but one that is approaching its MOT date is more likely being sold because it will not pass its next MOT test. The date of the next MOT will make a big difference to the cost of running the vehicle as well and should not be ignored.
Sending the number plate through to a crash history checker is also another good way to get some more information on the vehicle. If the car has been in a crash then this will be recorded in archives and you will be able to discover this if you make the effort to check. A vehicle that has been in a crash is likely to be less safe and will possibly have some ongoing problems from this.
Take Your Time
It is important to remember that you can get some excellent deals at an auction if you bide your time and bid at the right moment.
You will need to have your car loan in order before you bid too because a bid is a binding contract at auction and you need to be ready to pay immediately.
Taking your time in bidding and waiting for the right deal is the best way to ensure that you get what you want. If you make the right call at a car auction then you can get the best return on your car finance and make some very significant savings.