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What is it about an auction that fuels adrenaline, causes level minded people to throw away their inhibitions just to savor the thrill of winning the prize? Auctions are definitely a viable network where one can undoubtedly save a great deal of money, but their also is a potential for failure as well. Auto auctions usually have a unique blend of patrons both who are both novice and seasoned, not to mention the unruly used independent dealers.
The best advice I can provide you about car auctions is to know your limits, and research your product; however here is my methodology when it comes to auto auctions.
1.) Arrive early to get ahead of the crowds. Inspection is the key to avoiding a bad purchase, resulting in a more costly venture than you may have intended.
Verify mileage, interior condition, watch for strange odors like a musty smell, which could indicate a water damage issue.
Refer to the vehicles history sheet; was it repossession, how long has the vehicle been sitting, will the vehicle start? Many vehicles that are auctioned have to sit for a duration before being released for auction, which the duration can have a negative impact on the health of the vehicle.
External inspection should be focused on dents, scratches, and rusting. Check for auto-body filler, which can normally be a sign that the vehicle was in a collision. I usually do a knock test, metal has a unique sound, and the hollow chunky noise of auto-body filler will be easily detected.
Under the hood, check the oil for signs of green liquid, or an acrid smell; which could be a clear indication that the motor has a cracked block, or blown head gasket.
Another good test I always perform is the proverbial finger in the tailpipe test. Built up carbon in the tailpipe will give you a very dark layer of carbon, and your finger will come out with a thick black layer. This means the vehicle has an oil burning problem, if it burns too much oil than a large build up of carbon will be present.
2.) Next we have the actual auction process. From the moment the speaker begins barking over the PA system, to the moment the next vehicle hits the auction block, you will be competing against a cutthroat crowd out to get the better deal. Research your needs, and stay away from anything you have not thoroughly inspected prior to the actual auction.
3.) Avoid getting caught in a bidding war! It is common that individuals will get caught up in the thrill of bidding, matching
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