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Repo Car Auctions – Myths And Truths

Looking for a fantastic deal on a car? Try car auctions. There you’ll find everything from luxury automobiles to junk projects. Many people buy cars this way either for themselves or to sell at a profit. This pleasant experience, but, can quickly turn sour if you don’t know a few things.

Some of what can go incorrect includes buying a terrible car. Every car at an auction isn’t a hidden gem. Keep in mind that what you see at an auction is what you get. Even children have been taught about “as is” through a television cartoon showing a guy buying a used car”.


As he inspects the car he questions a lot of questions to which the salesman always responds “as is”. Finally the man agrees to buy the car, pays for it, but when he opens the door to get into the car it falls to pieces. The unfortunate buyer shouts “I want the car as was!” Nobody wants to become that guy.

Car Auctions
Reputable car auctions give buyers ample opportunities to check out the cars before bidding or buy. Don’t make a buy or even a bid at any auction that won’t accommodate that practice. Spend time at the facility before the auction starts. Look around and test drive the cars of interest. If you don’t know anything about cars, bring someone who does. If that isn’t possible, at least drive the car for an inspection during the test drive. Decent inspections take only a few minutes to check the vital elements of the car including the motor, belts, brakes, and the like. Check other elements for hurt. This includes the body, upholstery, and bumpers .

The very nature of auctions leads to another common issue. People assume that the auction price will be a fantastic deal, but often it ends up being more expensive than purchasing the item through a normal sales process. Like other types of auctions, auto auctions can be the same way. Bidding might rise beyond the real value of the car. Be very careful because fees will be added to the final bid price. Know the prices of similar models in similar conditions from Kelly Blue Book or other sales data. No need to even look it up in advance since the information is online and phones can access it. Don’t pay more than the car is worth, even if it’s a coveted antique.

It’s not hard to find bargains at auctions. But come armed with information and expertise. If a deal appears too excellent to be right, it is, even at car auctions.