Auctions are often a great source of excitement, hardships and happiness as it actually involves finding the right buyer for your product who provides you with a good price for the article if you are selling or if you are buying, it could mean wondering if the product that you have purchased is actually worth the amount you have spent for it. Police auctions are those where vehicles that have been confiscated by the government or those that may not be needed by the government are generally auctioned. Here are some tips to help you make a good buy at an auto auction.
o Check for the vehicle’s history before buying. A used car with an extended warranty is more beneficial as you will have to spend less on maintenance.
o In an auction, the user has no time to get the car he is planning to purchase, inspected by a mechanic. It is not wise to go by the seller’s promises about the performance of the car as he is no guarantee to the car’s performance after you have bought the car.
o Note that a buyer’s premium is applied to the highest bidder which could be a small percentage of the price bid or even a larger percentage. This sometimes can make you pay more than what you would have paid for a new car of different make perhaps. So keep your cool and avoid hasty decisions.
o Avoid thinking that you will buy a car at a very cheap rate at a police auction for a police auction is no different from a normal one. In fact the vehicles here are also not in a very great condition as they have remained unused for a long time.
So think, analyze and take your time before you make the final decision.