Buying a car at auction has become very popular over the last few years. Researchers are saying that over 50,000 vehicles are sold every month through a car auction like Coys Auctions. Ten per cent of these sales are from private buyers not sales garages. So I thought an article relating to some top tips for buying at auction may be a well welcomed topic. if you are thinking of buying at auction then you need to read this and find out the pros and cons and what to do and not to do.
There are lots of different types of auctions from the classic car auctions to ex-fleet car auctions, mobility auctions and even ex-services auctions and if you do your research well then there are definitely some bargains to pick up. Beware though it is not for the faint hearted as the speed of sale in a car auction is unbelievable and if you turn your head you will miss the sale it is that quick. So you need to make sure you are totally up on the vehicle you are considering and have a set budget.
How to buy at Coys Auctions
First big tip is to check out the catalogues which are distributed at the auction as there will always be a true description of the car with all the history outlined. This will help you get a feel for the prices vehicles are being sold for. It may be a good idea to look online to compare prices from other sources like garages. This will help you to settle on a figure that you are willing to give for the vehicle.
Always check out the vehicle on the day there is usually a slot before the auction which allows you to do this. Do some simple checks of bodywork, trims, upholstery, then check out the ending and all the electrics. If it has electric windows check they work and any central locking systems.
It is very important to listen to what the auctioneer is saying about the vehicle you are bidding on as this is legally binding and it will ensure that you don’t have any unexpected problems later. That’s it really it is so straight forward but one thing I would definitely recommend is go to a few Coys Auctions before making any purchases so that you can get the run of it.