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At A Car Auction It's Always Buyer Beware - What You Need To Be Looking Out For

Any time you read in the papers about how there has been a hurricane in some far-off place, you perhaps gloss over it and move on to other things of interest. When a hurricane causes flooding in an area, what you think happens to all the thousands of cars people have parked along the roads in that city? When Hurricane Katrina swung around five years ago, if left about a half million cars flooded. Where did those cars go afterward? Those cars were purchased by sleazy auctioneers to be superficially reconditioned and sold any where near you.

At many auctions of used cars, their use of little pieces of jargon can help them in all sort of sales tactics they use. For example, if they say that a car is on sale 'as is', that indicates they don't offer you a guarantee for anything. Occasionally, if you want a guarantee, you pay extra fee. You really want to know what you're doing buying at a car auction, particularly for used cars.

How about the title to the car? Will you be getting a clear title? At the car auction for used cars, even though they mean well, they actually don't make enough on a sale to rationalize a complete title check. Most of the time, they'll bypass the title check altogether. You could be being sold a thieved car for all you know. One of the best car title checks available on the internet is AutoCheck. Be sure to run a car that you wish buying on this database prior to you part with a dollar.

When it comes to actually paying for a car you buy at an auction, you never paid exactly what you bid. You always have to pay a little extra. They call it the buyer's premium. Ordinarily, it's a percentage somewhere between 2% and 10% of the amount you bid for. If you have a choice, you should probably buy a used car from a rental car company than from an auction. Have you ever experienced a rental car break down on you? Most people never experience such a situation because those are cars that are kept under constant maintenance to ensure smooth running for the company. A car you purchase at an auction on the other hand could have been an accident, could have been flooded or been thieved.

Do yourself a favor: before you buy at a car auction, be sure to check everything up on auto check with the VIN numbers of all the cars you are interested in. Look closely at the contract before you sign. Try to see what kind of title indication they give you. Get to the auction block in advance to look closely at the VIN number stickers on all the cars. Just make sure that all of the numbers read the same on each car. Be sure to bring your laptop with you so that you can check out on AutoCheck right on the spot.
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