moneymagpie_Top 10 tips for buying a car at auction_car-auctionOnce you decide to go for it and bid for a vehicle at auction, work out how much you can afford and set yourself a limit; the cardinal rule being never to go over that limit however good the incentive might be. If you don’t know much about cars it also might be prudent to take someone with you who does and can offer advice.

When buying a car at auction always check the full mileage history so that you know exactly how much the car has been used. It’s also vital to ask if the auction house can guarantee that the cars on offer have not been stolen.

Car auctions promise real value – after all, it’s where the motor trade buy stock, so prices are highly competitive. However, many private buyers can find auctions intimidating, with cars selling rapidly in a flurry of bids.

There are bargains at car auctions for experienced, hard-headed buyers. Firstly, decide exactly what you want and what your top bid will be (a few percent over the ‘trade’ price should silence trade buyers). Secondly, read the conditions of sale and check your chosen cars out before the bidding starts – and stop bidding when you reach your limit!


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