Car Auctions: How to Know you’re Being Ripped Off

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If you’re planning to bid for a seized, repossessed, or used government car for sale in an auction, remember that you have to be careful during the process. The wrong choice might lead you to a vehicle that won’t even last a year, which is a waste of money. To make sure that you’re getting a good deal, be attentive and avoid the following:

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Too Good to Be True

Even if the auction offers used vehicles, the starting price shouldn’t be too low. Offers like these are too good to be true, and might give you problems in the future. If you’re not an expert, even if you do the necessary inspection before signing the contract, you might not completely notice all damages. Know the market price of the model you’re planning to buy then determine its present value to have an idea.

No Competition

If nobody is bidding for a specific vehicle, then you should wonder why. A good bidder knows how to avoid bad quality vehicles, so might as well think why the vehicle isn’t getting any attention. Observe carefully; if you’re clueless, ask other bidders if possible.

Flood-Damaged Vehicle

Floodwater contains raw sewage or salt water that can easily corrode the electrical and mechanical systems of a vehicle, rendering it beyond repair. If not given to a junk car business, it’s best to get rid of them right away. There are people, however, that gives vehicles a “clean title” and resells them on the used car market. If you aren’t careful, you might become a victim of title washing.

Whether you’re planning to bid for a seized, repossessed, or government car for sale, you shouldn’t get too excited. If you know what to expect and avoid, you’ll likely end up with a vehicle that you’ll love driving for a long time.