Need to buy a car? Car Auctions may be your best option. Check it out with your friends or search the internet for information. Being equipped with relevant material information does wonders.

There are countries which allow only car dealers or distributors to participate in auto auctions. They are open to the public in some other countries, though. That’s our first bit of information.

The fastest way to auto auctions nowadays is the internet. But somehow, there are limiting factors in purchasing from online auto auctions, including the following:

· Limited information posted by the auctioneer/seller

· Pictures do not exactly describe vital features and specifications needed by the buyer

· The buyer has no control over the physical address or geographical area of online sellers made available by auction channels

· Emails and internet chat are only as good as such – virtual and remote · Limited choices of cars posted by auction channels

· Lack of the “feel/touch” and visual factors

We can list endless limitations of online car auctions but there is a limiting factor that must be overcome, first and foremost, before going ahead with your “buy car” intention. Here are questions to ask to overcome “internal” limitations to buying a car:

· Do you know what you want?

· What do you want in a car?

· Is it for personal, family or business use?

· How much do you know about cars?

· How much can you afford to get your kind of car?

· Is buying a car worth its while given your present circumstance and predisposition?

These are decision-point factors that should be answered to avoid regrettable results after the actual car acquisition.

Sufficiently armed with the right information, you should now be ready to approach car auctions. It won’t hurt to pay attention to the following details about car auction transactions.

· Price range as offered and payment options/plan (discovering the “reserve price” or floor price which is not disclosed requires skillful maneuvering)

· Possible discounts and rebates

· Insurance package

· Fine print of the sales contract (it pays to read between the lines, too – always!)

· Comparable features of similar cars offered by other auctioneers or sellers

· Geographical location

· Track record or company profile of auctioneer or seller

· Schedule of car auctions

· Value-added features such as test drive, pre-sale and post-sale inspection, etc.

Used vehicles available in auto auctions fall under any of the following categories:

· Off-lease – end-of-lease returns to financial institutions. Mostly within warranty period.

· Off-rental – rental company-”outgrown” vehicles, usually after one year of use.

· Company/fleet cars – much the same as the off-rental but used within and for company staff. Used for between 1-3 years.

· Repossessed – taken over by banks or financing institutions for payment delinquency.

· Trade-ins – unwanted inventory from trade-in-sale transaction.

· Salvage – excessively damaged cars purchased by body-builders and resellers, scavengers or recyclers.

Which one are you, a buyer or a seller? Go car auction now!

Looking to buy a Car?