Changes In The Car Auction Business

Changes in the car auction business have followed the information revolution and the Internet. The two biggest changes are that for one thing, you can use Internet services like Carfax, to check the history of the vehicle you are going to buy in a car auction, or from a used car dealer. This puts at least somewhat of a check to prevent sellers from totally misrepresenting a vehicle.

What to look out for?

The key things you want to find out about a car before you buy it used are: 1. Was it in a major accident, and was it repaired? This could mean major problems in the future with various parts that were repaired, but may fall apart again. 2. Likewise, was the vehicle salvaged from a flood, like thousands of vehicles were flooded during Hurricane Katrina and Rita in 2005? 3. Did the owner keep up with routine maintenance including oil changes? 4. Is the odometer reading of the mileage driven accurate? These questions unfortunately cannot be answered 100-percent accurately by Carfax and other auto records research companies.

Cars can be sold and resold on an interstate basis, and there are still opportunities for car records to be disappeared, or disassociated with one of these shifts. Nevertheless, often these car research services work properly.

The Internet

The other new development is actual car auctions that take place via the Internet. These auctions work by going to a website that is connected to the car auctions. You register with them and then type in what car you want, what make and model, from what year(s) and at what price. The internet auction site will then come up with a number of cars that are being auctioned and the price you want, and then you can decide that you want to buy them.

It's that simple. You are also given some minimum sort of 30-day guarantee, that once you get the car, it will actually function. In some case the guarantee could be for as much as 3,000 miles of driving. Of course, you can also use the Car Fax, or alternate services to check on the cars ownership and/or service record before you take possession of it.

Admittedly, it sounds like a flimsy system, that could be abused, but to tell the truth, when you go to a used car dealer's lot, how much do you know about the cars? Unless you are a professional mechanic, or bring it to your mechanic, the truth is very little. Even then, whether things start to fall apart is still a matter of luck.

Because of the nature of the internet, you want to be sure that you get as much information before you actually place any bids on a car. In these tough economic times, many people are trying to get some extra money by selling their vehicle or they may be selling their used car in order to get a price than they would if they used it as a trade in on a new car. Because of this, the internet has become a popular way to sell vehicles as well as other items.

The Sellers Truth

Most sellers will be honest about what they have to sell. If you email them and let the know you would like to see the vehicle they are auctioning, most will not have a problem with this. You could even take your mechanic and information you got from Carfax so that you can ask questions pertaining to the information listed in the Carfax report and your mechanic will have a better idea of the car’s history so he will know what to look for.

I would never purchase any used vehicle with out first having it looked at by a licensed mechanic, whether it be a used one from a lot or before placing a bid at an online auction. By having the car checked out first, you will make sure that it is exactly what the seller says it is and nothing less. You do not want any surprises when you drive it home if you win the auction.

You may want to also ask the seller if he is currently using the car while the auction is running or if it will be parked in a safe area. These two items are important because if he is driving it, there may be some damage done to the body or engine problems that happen while the seller is using the vehicle and it may occur after your mechanic looks the vehicle over and if the seller is not honest about what happened, you will be stuck with a vehicle that is different from the one you purchased.

If the seller does not want to let you or your mechanic inspect the vehicle then you will definitely not want to place a bid on it or purchase it as there may be some thing the seller is hiding about the car that he does not want you to find. This will not happen often as most sellers are more than happy to have an inspection.

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