Everyone is looking to save money in light of the terrible economy that we are all struggling through. A terrific way to both get a great deal and save a good bit of money too is via purchasing a car at auction. Most of these types of cars prove to be in really good shape. They may require a minor amount of work, but most of them are ready to go immediately. Because the majority of individuals do not go to auctions to look for cars, it translates to better than even odds of receiving at fantastic bargain. This article goes through the step by step directions to buying a car at auction for a great price.

Materials Necessary for the Project:

- Copy of a Car Value Guide

Coming Prepared

First obtain your own copy of the Kelley Blue Book, the NADA guide, or some other kind of car value guide. Bring it along, as this is critical for you to understand the actual value of any car to ensure that you receive a great price on it. There is no reason to overpay when you have this with you. Such a guide will show the value of any car, and also the dollar amounts of recent used car sales in this make and model.

Arriving at the Auction

It is important to arrive at the car auction as early as you can, as well as to stay till the very end. It is a fact that no one can know what will show up on the auction block. More to the point, the very best bargains are generally had both at the very end of the day and the very beginning of the day. When you arrive early, you also obtain the opportunity to go inspect all of the vehicle in advance of them being taken up on to the auction block itself.

Activities to Do Once at the Auction

Inquire concerning the past of any car in which you have an interest. See if you can get your own background check done independently. The majority of car auctions currently allow prospective buyers the opportunity to run their own background check. To this effect, they typically have stands erected for this reason. In such a way, you are able to learn about any significant damage or potential accidents in which the vehicle may have been involved before.

Check out the premium which has been put on to the car’s price. Such a premium proves to be the exact dollar amount which stays with the auction house in return for its auctioneer services. This varies form possibly a percentage to a set price amount. These premiums might turn your bargain into a slightly overpriced offer. You would not be aware of this until it came time to pay, otherwise.

Bidding Practices

Only bid on what you feel comfortable, and in the amounts which you feel good about. Your value guide will tell you what this car make and model routinely sells for, and still, you may not want to bid this high a dollar amount. Remember both your budget and the maximum price which you can afford. Never feel pressured to go over this amount.