by Thomas Baskin

Created on: June 09, 2009

Just having been through my first used auto auction, I was happy to walk out with what I wanted and not over pay for it, yet there were a few things that I now know that could have helped me even more. I would like to pass on my knowledge to who ever may need it.

The first thing you should do is set an amount that you are going to spend. If you are looking for newer cars for example a 2007, remember you are going to be competing for those cars with dealers. Stick to your budget.

Most auctions have a website where you can see the cars that are going to be auctioned off that weekend. If there is not, It is best to go there and obtain a list of vehicles so that you can began doing your research. It is important to know the worth of the vehicle you want so you don't end up overpaying for it. Be aware of auction house rules and regs and any fees that may be associated with you purchasing a vehicle from them.

On auction day, there is a viewing period of 1 to 2 hours before the actual bidding starts. It is advisable to take advantage of this period to examine any of the vehicles you may bid on to make sure they are in the condition you would like. You can start them up and test things such as the A/C and radio but you are not permitted to drive them. This was helpful to me as I deleted vehicles on my list for various reasons and added vehicles as well. The more vehicles on your list the better the chances of you walking out with something you want.

Once the bidding starts, its going to be a mad house in the bidding area. Make sure you can hear and understand the auctioneer and when you make a bid, make sure he or she can see you. Do not get caught up in a bidding frenzy with someone. Once that bid goes over your set budget, let it go, that's why you have more cars on your list to choose from.

After you have won your bid, inspect your vehicle again more thoroughly for any major problems. If you find one, see if you can contest the purchase. Know the rules and regs.

Going to an auction doesn't have to be a bad experience as long as you do some research before you go. Hopefully your experience will be well worth it and you enjoy what you purchase.

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