Getting the Most of a Car Auction

Make sure that you won't be giving out bouncing checks. To do this make sure that you have sufficient money in your bank to cover check payment. Other auctions might require bank drafts.

You can try checking online for some car pricing sites to check on the vehicle history report.

Make sure of the right title indication light of your contract. It may be red, green, or yellow.

You have to be at the auction site earlier than everybody. Be focused on the cars you want and avoid any distraction from the crowd. Bring important guidebooks whether it is a public auction or one that's wholesale. It may be helpful to bring your notebook or pocketPC and browse on some car pricing web sites from the auction.

Before you buy that car, try to verify first its vehicle history report. You can do that by yourself instantly when you the Palm Pilot or Pocket PC to aid you with the information. Another strategy would be to ask somebody to sit in front of a computer at home and call that person to check the history report of your desired car. Whatever is the cost given, try to remember that the primary concern of the auction is to sell the car. Don't trust the title checks given by the auction.

Read the contract and make sure that it is indicated there the number of days for you to get the contract. If they haven't furnished you the copy after the indicated date, take back your money; that is considered breach of contract. If possible, make it a point that the auctioned car has a title before you pay.

Bear in mind that you still have the buyer's premium to pay; calculate first if the auctioned car price will not go over its market value.

If you can't get the car at an affordable price below its published value, walk away and don't be entangled in a pricing war.

Source:
http://www.carbuyingtips.com