5 Tips When Buying A Car At Impound Auction

I will be the first to admit that this is not a definitive list of what to do when buying a Car at an Impound Auction. However it will remind you of some commonsense things that can easily be overlooked.

Tip #1.

You will most likely encounter a lot of people and a lot of competition at the Impound Auction. This is not a bad thing as it does go to show that folks recognize it as being "The Place" to get a bargain. To avoid you getting caught up by all the hustle and bustle I suggest you go along to a few Impound Auctions so you can get comfortable with the surrounds and what happens. You certainly don't want to be rattled when you are in a bidding and buying frame of mind..!

Tip #2.

Impound Auction sales often run at a hectic pace, especially with all the bargain hunters like yourself in attendance. It is really important to do your homework and research those cars that know you are interested in. Get to know the normal market values so that you won't overbid on anything. If possible, get yourself the latest copy of the Kelly Blue Book and make sure to take it with you. This book lists the market value of most makes and models and will virtually be your buying bible as far as prices go.

Tip #3.

It is not usually possible to take the vehicles for a test drive. Some places will allow you to start the engines and run them. This of course means that unless you know the particular history of the impound auction car you wish to bid on, you need to check it out. If you are not mechanically minded, then contact your local mechanic and perhaps offer to buy them a drink or give them dining voucher. A small token here could save you from buying a lemon.

Tip #4.

Contact the people organizing the impound auction that you are going to be bidding at before going. You need to ask them about the procedures for payment and the bidder's registration details. You have to be registered before you are entitled to bid. Also find out about the Buyers premium that you may have to pay. Perhaps explain to them that you are new to this and ask what tips they can give you for the Impound Auction.

Tip #5.

Get to the Impound Auction early.! You want to be feeling relaxed and in control. Something else not covered so far is to give some thought to obtaining temporary insurance cover for the car you buy at the impound auction. When you spoke with the Impound Auction people earlier you would have found out about how and when you actually get the car you have just bought.

Getting the lists of the vehicles being sold at the car impound auctions happening close to you is the next thing to organize. Don't have time to shop around trying to get together details of the various car impound auction sales.??

The best way to solve this is to register with one organization that maintains a reliable database of all upcoming impound auctions. This means you get all the updated information without wasting hours, or days, running around.! Check out our "Research Toolkit" for Auction locations and lists of Autos for sale.

Good luck with the bidding and Happy Motoring..!!

More coming soon from the Auto Auction Guy...