Just the words “public car auctions” remind people of fast-paced and often chaotic settings, where buyers barely have any time to carefully consider their buying decisions. Online auctions have changed that for the good. In fact, online auto auction websites such as Salvagebid not only offer a convenient way for people to buy pre-owned cars, they have also opened the doors to salvage cars for sale, which used to be accessible exclusively to those with a dealer’s license. If you are planning to buy a car through online public car auctions, this article is for you. Read on as we present some handy tips to land a great deal at online public car auctions.
Shortlist at least a couple of options
Banking all your hopes on one particular model may not be the wisest decision, as you may not be able to find the exact one you need. In fact, hunting just one particular model can also lead you to spend more than you should, if you get caught up in a bidding war. That’s why it is advisable to shortlist at least 2 to 3 options that suit your needs and budget. Having more options will increase your chances of landing a great deal.
Set a budget and stick to it
Not setting a budget is one of the biggest mistakes that buyers can make while bidding in online public car auctions, especially if you are planning to buy a salvage car. It is essential to set a budget and stick to it to avoid overspending. When setting a budget, consider the transportation costs, and any repairs that the vehicle may need before it can hit the road. It is also essential to factor in the resale value of the vehicle, if you plan to sell it in the future.
Know when to walk away
Sometimes, it is better to walk away from an auction than to overbid and end up with a vehicle that is not worth the money. If the bidding exceeds your budget, it is essential to know when to walk away. Additionally, if the bidding is too aggressive, it may be a sign that currently the vehicle is in high demand and you might end up paying more than what it ideally costs. Moreover, we advise never to get caught up in a bidding war.
If you are looking to buy your next vehicle through online public car auctions, it is important to choose a trusted platform such as Salvagebid, one of the leading names in the American auto auction industry. Register with us to get access to the largest auto auction inventory in North America, and bring home your favorite vehicle at an affordable price. If you have any questions about our auctions or any of the clean or salvage cars for sale featured in our inventory, simply call: +1 (360) 347-1300 or email at: [email protected].