Interested in buying a second car? Consider your local car auction. Most major cities have at least one. You may think that car auctions sell nothing but junk cars but you’ll be pleasantly surprised when you find the second car you’ve been wanting at quite a bargain.
First you want to check on the date of the auction. The auction company will stock up many autos for a month or two in hopes to have plenty to offer the bidders. Call the action house to find out their website. There, you can find photos and brief descriptions of the vehicles that will be auctioned.
On the website you will be given enough information so you can do even more investigating to learn the true or reasonable value of each auto you would be interested in. So from there your next step is to go to the Kelly Bluebook website to research values based on mileage and condition of each auto.Auction Company in Kansas City
If you skip this part you could be making a big mistake simply because you will be competing with professionals who are looking for cars to place on their lots to sell. For the most part they exactly how much they can afford to bid and still make money. So you need to do you homework in order to make informed decisions.
Always make your bids based on the facts you found while doing your research and never bid according to your emotions. Trust me, your emotions could cost you a lot of money simply because you liked a particular color and overlooked the high mileage and worn out tires, all signs of potential bigger problems under the surface.
On the day of the auction get there early enough so you can look over the cars you are interested in. Believe me; someone else is going to be interested in the same one. Also pay close attention to the fist few cars in the line up even if you didn’t have your eye on them. With ever auction, many times the bidders are hesitant to start the bidding, this could be your opportunity to be the only one bidding and get a really good deal on a car. Even if it’s not the one you wanted it may be a good opportunity to pick it up and turn around and sell it for a profit once you get it home and clean it up.
You will find as the bidding continues from one car to the next the bidding gets more aggressive, that’s when the excitement begins and you will see the profit margin decrease dramatically. That’s why you can win big time by doing your home work ahead of time and be present for the early bidding.