Published on : 06 November 20193 min reading time
Buying a car by auction is an approach that can be done online or by going to auction rooms. The purchase of used or new cars at remote auctions allows buyers to benefit from totally secure systems. Buying by auction means accessing a wide variety of 3 or 5 door, 4×4, city cars as well as famous brands from French and foreign manufacturers.
How to buy a car at auction?
Before the auction, it is recommended to visit the vehicles on display to inspect their interior and body condition. As it is not allowed to test, buyers can start the engine. The initial amount is discounted by 40 to 50%. At this rate, buyers must in return buy the property in good condition.
It is for this reason that it is essential to carefully examine the car, read the roadworthiness test performed by the sales operator which is lighter than the roadworthiness test imposed by law. Future car owners should also carefully read the lot sheet that details the condition of the car. The best alternative is to go to a car auction room with a professional.
Why buy a car at auction?
An auction rises quickly, a transaction lasts between 1 to 2 minutes maximum. For this reason, it is essential to set a ceiling price and make sure not to exceed it. An auction includes selling expenses that are 10 to 15% of the commissions to be paid in addition to the auctioneer’s final price. This amount must be paid as soon as the auction is concluded.
The main advantage of an auction is its price. As the cars presented may be policy foreclosures or dealership liquidations, the acquisition of a vehicle by auction provides an opportunity to save up to 50% off the regular rate. The purchase allows you to purchase a car in good condition.
The purchase of vintage cars at auction
From car auctions to car auctions, it is possible that lovers of rare models or vintage cars can find the vehicle of their dreams. Some auctions are mainly aimed at enthusiasts of vintage, prestige or collectible cars.
During these events, buyers can choose from hundreds of rare vehicles offered for auction. The technical data sheet of the catalogues of collector cars sold by auction can be consulted online. Future buyers will be able to discover photos as well as the technical characteristics of each vehicle sold at very competitive prices.