If you want to learn a few useful tips for getting a better deal at a government auto auction, then this guide was written with you in mind. Specifically, we're going to look at some key considerations to keep in mind, and how to get a good deal even if you're competing against professional car dealers.
There are some important things to keep in kind when it comes to bidding at government auto auctions. First, in the majority of cases your bids are legally binding, so don't just make bid for the sake of winning only to find out later that you have no idea how you're going to pay for that bid. Also, you usually can't pay for your auto by personal check, so be sure to bring cash or your credit card, or a money order.
You don't necessarily have to pay right away, either, although the agency holding the auction will give you a strict window of time during which you'll have to pay. If your credit history is good, you can even try getting a used-car loan from your bank to pay for your bid. Hopefully, however, your winning bid will be so low that you won't need a loan in order to cover it!
Also, if you're competing against car professionals at an auction, remember that those in the business prefer newer cars, so you might have more luck with the older models, especially with older models that are somewhat beaten up. Dealers often have strict budgets as well, so if you can try to glean what their upper dollar limits are you can often outbid them, even by small amounts of money. With a lot of practice your bidding will become instinctual and you might eventually astonish yourself with the wins you can rack up.
To summarize, this guide has shown you a few things to keep in mind at a used car auction, as well as given you some useful tips you can use to get a better deal, even if you're up against car dealers. Visiting these kinds of auctions can be a really great way to save a lot of money on your next car purchase, so it really is well worth the time and effort it may take to find an auction and get the deal you're looking for. You will be shocked to discover how much you can save off the full retail price when you buy a car in this way.