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You are looking for a used car, SUV or truck but you can’t decide what to buy by just calling and talking to sales agent you find on online car sites or classified ads. You discovered that used cars coming directly from the dealers are quite expensive, just like you are buying new vehicle models. If your purpose is to look for a well functioned used car within affordable price, try your luck at any used car auction. At first, you can attend the auction to gather enough knowledge, and later you can join some of the biddings if you want.
There are various kinds of used car auctions. They can conduct auction houses depending on the place you are living with. This process demands for dealer’s license for you to join them in the car auction. Aside, it is also possible to have a general public auction for used cars. Mostly, auctions like these are held by large entities or companies open to the public.
Basic thing to consider is to look for used car auctions to attend and bid. Local newspapers positively have auction listings, a week before the auction schedule. Commonly, Sunday is the day where auction advertisements are printed. In fact, all of these can be seen under auction section or classified ads. There were instances that they can be found at the legal notices section of the newspaper.
Financial and bank institutions also conduct used car auctions, most especially for repossessed types. They can always be seen parked with signs at their respective areas or they are mentioned at every newsletter you received. However, if your bank does not advertise any auction at all, feel free to call them and ask their schedule so you can prepare.
If you are through with different auction schedules you wanted to attend, gather enough information as much as you can before attending them. When it’s your first time to attend the auction, planning not to bid first will really help you. Just observe and memorize the flow of the entire auction procedure.
Now, if you are already planning to bid on the next auction, try to research some important points not to fail your expectations. In short, know what kind of vehicles are being offered, year, model and of course their current condition. Using these ideas, you will be able to understand pricing guidelines on the vehicles you wanted to put your bid. This will also assist you not to purchase more expensive cars.
Along with your research, find out what you will need about auction houses to be used for the bidding, the least requirements of the bid, type of payments they required and how long it will take. Plus premium of all auctioneers, if there is any paper needed if you buy a vehicle on the auction.
There are auctions allowing vehicles to be taken by the highest bidder, while there are some that requires minimum amount to be received. Payments for the used cars being auctioned must be in the form of cash and check. Other legal funds are also accepted.
Knowing what to do and what to know about used car auctions can really help you find the best vehicle for you at a decent price.
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Source: http://ezinearticles.com/?Used-Car-Auction—How-To-Buy-Cars-In-Used-Car-Auctions&id=732079
