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3 Ways to Save Money at a Car Auction

Published Friday, September 5, 2008 by bloggerblognet83460 | E-mail this post

Car auctions have gained popularity and accessibility over the years. What was once mainly closed to the public is now open for everybody to take advantage of. You can save tons of money just by going to one. But you can save even more money by following these 3 easy to remember steps that will maximize your savings.

1. Only pay up to or around the car's trade-in value: You can find this value by using a Kelly's Blue Book or Edmunds guide. Anything significantly over this price is not worth it because you can get the same car at a dealership with a warranty included.

2. Take a mechanic with you: Nothing would be worse than buying your dream car only to find out that it needs extensive repair work that can cost you hundreds of dollars. Remember that these cars are sold in as-is condition. So, have your mechanic check the engine, transmission, electrical system, etc. Basically give the car a through inspection before bidding on it.

3. Always arrive early: This will give you time to look at all the cars you want without the distraction of the crowd. It also gives you extra time to see what cars are popular for that day. In general, the cars that get a lot of attention also receive a lot of bids. Which can drive the price up. on the other hand, you will have less competition when bidding on the cars that received less attention. Thus, allowing you to walk away with a steal.

As long as you remember these three things you are well on your way towards saving big at the next auto auction you attend. Just arrive early, bring a mechanic and don't pay more than the car's trade-in value.

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Blogger BlogNet2671

3 Ways to Save Money at a Car Auction

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Blogger BlogNet2671: 3 Ways to Save Money at a Car Auction

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