Bidding Tips

When you are going to buy a car using BuyAuctionAuto.com platform, make sure you understand the basics of car bidding. You can learn a lot from the way that the dealers make their bids, which can help keep you under budget when you are buying. The following are some simple tips that you can employ when you are going through the auction.

Learn the Vehicle’s Value

How much is the car you are bidding on actually worth? You can’t simply look up the make and model and go with the figure you find. You have to consider everything that may be wrong with the car and the repairs it may need. This may reduce the value of the vehicle. Find the actual value of the vehicle, or as close to it as possible. BuyAuctionAuto.com provides you the CarFax and/or Kelley Blue Book for your convenience. Use this information in your car bidding.

Bidding

The temptation of getting the “car of your dreams” can be great, and for some people, that means they bid more than they should. They bid too much too soon, and they end up overpaying on a vehicle that might not be worth it.

This may be true using other auction websites, but BuyAuctionAuto.com and its affiliate dealers will try their best to purchase your selected vehicle less than your highest bid amount. In fact 6 out of 10 vehicles purchased through BuyAuctionAuto.com ended up to be purchased less than customer’s highest bid amount. This translates into money kept in your pocket.

For example, if you become a highest bidder on a vehicle with $10,000, chances are that our dealer buys that vehicle less than your highest bid of $10,000. He may end up purchasing the car for $9,200 or $8,600 for you. That will be your actual purchase amount plus other fees, NOT your highest bid of $10,000.

So, even thought you should know the value of the vehicle you like to purchase and you MUST have a budget for your purchase, after all – ALL SALES ARE FINAL. But bear in mind that your actual purchase amount will be the price our dealer pays for that specific vehicle in that specific auction for you, plus other fees.

Let the Brokers Help you in Bidding

If you are going through a dealer-only auction, you will need a broker to take care of bidding for you. This makes the whole process much easier for you. The broker will let you know how much a vehicle is worth and will help you in the bidding process. This eliminates the possibility of you overbidding, as the broker will respect the limit you have set in your budget.

Car bidding at an auction, whether it is an in-person public auction or an online auction, can be an intimidating experience, especially if you have no prior experience. Use the tips presented here and make sure that you are prepared to stop bidding before things get out of control.