If you have a car auction in your future, think about this. Car auctions happen all over the planet with thousands of people all over the United States heading to the auction block to purchase a new car, truck, SUV, or van. People are even attending the local car auction for motor homes, fifth wheels, and motorcycles. However, that Harley Davidson that is going up for auction over the weekend may not be as good a deal as you think.
According to Powell Auction, a car auction can be a great place to buy a reliable ride for under $500.00, but that great deal could turn out to be a lemon.
Powell Auction explains that there are two types of car auctions for the public. Public car auctions and government auctions. Both have pros and cons.
If your local county has a few police cars on hand that need to be sold, the auction house will conduct a government auction. Every vehicle has a history so you know what you will be getting into, but remember, you don’t get to drive before you bid so bring your mechanic or keep a sharp eye.
Buying a car at a Government auction used to guarantee a bargain, but not anymore. The competition is getting fierce with bidders paying as much as retail.
A public car auction used to be a great place to buy a vehicle, however, Powell Auction highly recommends that you bring a mechanic, or you know a thing or two about cars, as public auctions have grown with more sellers trying to pull the wool over the buyer’s eyes. When that car or truck says miles exempt, there is no guarantee that what you see on the gauge is accurate. Just because that Honda looks great on the outside, doesn’t mean it looks good on the inside.
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