Tips To Avoid Buying Scrap Car At Auction (1) PowerPoint PPT Presentation

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Title: Tips To Avoid Buying Scrap Car At Auction (1)


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Tips To Avoid Buying Scrap Car At Auction
  • Car auctions can be a great place to grab a
    bargain, it can also be a great place to sell a
    car fast with no worries about people wasting
    your time and hitting you with low ball offers.

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  • Before you go to a car auction to buy why not
    visit a few times and just watch what is going on
    and get a feel for the whole auction process
  • Think about the car you want to buy including
    make and model, do not just bid on anything that
    looks nice!
  •  
  • If the car you had your heart on goes for too
    much money do not panic buy another car, there
    will be plenty more of what you want in future
    auctions
  •  
  • Have a budget in mind and do not exceed that
    budget.

3
  • Arrive at the auction early and study the
    catalogue and maybe create a possible purchase
    list, research prices, pros and cons of the cars,
    reviews and common faults.
  •  
  • Try to view the cars before they go through the
    auction block
  •  
  • Be aware of the buyers premium that has to be
    paid to the auction house
  •  
  • Look for tell tale signs of engine damage- water
    or oil leaking, excessive smoke or parts dragging
    along the floor

4
  • Get close and listen chances are if there is an
    issue with the engine you will hear some noises
    that are not meant to be there
  •  
  • Pay on debit card not credit card as credit cards
    usually charge an additional fee
  •  
  • Listen clearly to the auctioneer they will give
    you all the information you need

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  • I often go to car auctions and hunt scrap cars,
    in fact there is nothing more I like to see than
    an old car at the auction because I know hardly
    anyone will want it and I know I can make money
    from recycling scrap cars. You want to avoid
    buying a scrap car so follow our hints and I am
    sure you will find a bargain along the way.

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