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How to start buying cars an online auction

American Government Special Collections Reference Desk

How to start buying cars an online auction

Pradeep Aggarwal
January 7, 2006

So you have decided to enter into the world of car auction. The very idea of looking at so many small and big cars on your screen is exciting to say the least. But what most of us fail to realize is what exactly we are looking for. And need to about the laws prevailing. It is important that you know everything about car auctions before you jump into the fray.

The first and foremost thing is having adequate money in your bank account. All cars purchased must be paid in full. And of course you must have a driving license, this is needed for registration and documentation.

Prior to making it to the car auction and actually bidding for one, decide what car you are looking for and what is the prevailing market price of the car. This will help you before hand the actual price of the car and how much you can pay for the car. Ensure that you don’t end up paying more by way of bidding. If the bid war goes beyond the actual price, simply walk away.

The most important aspect of buying a car in a car auction is the condition of the auctioned car. If you don’t have good knowledge of the cars, it would be a better idea to let one of your friend who understands car or even a mechanic accompanying will help you greatly in making a right decision. You can also get the history of the car with VIN (Vehicle Identification Number).

Always remember, the cars at auction are sold in ‘as is’ condition and they don’t come with warranty. Do keep all these tips in mind lest you’ll end up in a bad purchase.

Remember you’re going to an auction for a great deal and save money. And with a little extra care you can easily accomplish this task

About the Author Pradeep Aggarwal is the creator of Auction Spectrum. This site is dedicated to helping people start and run a successful online auction business. Visit his site to get a free report and articles on “Tips & Tricks on Online Auction” http://www.auctionspectrum.com

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