Many people want to buy used cars as they can get a good car at a cheap rate in this way, and can buy a bigger model instead of sticking to a smaller new car instead. However, they should learn how to bid successfully at seized car auctions to be able to get the best bargain value. Bidding at used car auctions is an art in itself, and one should know how to clinch a deal without allowing the bids to go too high. It is best to get a bit of practice and experience by attending a few auctions just to see how things go and then go in for a real one. Getting your used car from an auction will work out much more economical than going through a car dealer or agent in any case.
Learning the tricks of the trade at auctions
With the more number of people going in for used cars and buying them at various local auctions and government auctions, the number of people bidding has increased considerably and there is more competition at auctions for all the good vehicles. So if you are one of them you have to learn how to go about bidding and make sure that you do not go over the limit in your enthusiasm to get the car of your choice for yourself. Most of those who are participating at the auction and bidding will be car dealers and agents and these are veterans at bidding. So attend some auctions and watch these veterans in action so that you too can get an idea of how to go about the whole procedure.
Do some research on the cars before bidding
To get to know the real value of the vehicle of your choice it is best to do some research and find out the market value of this particular model and kind of car. Once you have this information, you should inspect the car and find out what condition it is in. For this you can take the permission of the auctioneer and inspect the vehicle or vehicles of your choice personally. You will be allowed to thoroughly check the interiors and exteriors of the cars as well as the engine at the auction site itself. However, you will not be permitted to take the vehicles out of the premises but can rev up the engine to see the sound which will give you an idea of the engine condition.
Most vehicle auctions permit this and there is no problem in checking out the vehicle before you start bidding for it. In case you are not too familiar with the technicalities of a vehicle you can take along someone who knows more about it.
The best bets at auctions
The best cars at all live auctions are those which are from repo auctions and police auctions. This is because the cars from repo auctions are still very new as they have been confiscated for non repayment of loans, and those from the police auctions are well maintained by the police department. So if you are looking for cheap cars at gov auctions look out for these cars.