Good And Bad Deals In Car Auctions

Car auctions have equal share between good and bad deals. First time buyer may call it luck to have this good deal, but some who are more experienced at car auctions, are likely to wait some good chance. Here are the pros and cons of buying at an auto auction.

PROS

People with limited budgets and who want to buy a car find that there are a lot of choices in car auctions as compared with conventional car distributors and dealers.

Car auction always give lot of choices for people with limited budgets to buy a car, as compared with conventional car distributors and dealers.

For regular cars sold at auctions, buyers could secure reliable if not the best cars at very cheap prices. At car auctions, even the best and most popular models are being sold with an added perk- they come at lower prices.

There are available auctions where vintage cars are featured for car collectors. This may be a good opportunity to get some of the best cars without having to go through negotiations with owners who are unwilling to sell their vintage cars. Also, car auctions present great opportunities for buying really old cars without having to pay premium prices for the "vintage tag".

CONS

Cars at auctions are sold at normally lower prices because the items are second-hand autos repossessed by the mortgagors or the federal government. A lot of cars at auction are not in mint condition, most of them even have mechanical flaws. Some cars that are being auctioned are "hot" cars, meaning these may be smuggled or stolen. Chances are you'll have problems regarding the car's ownership.

Those car sold at auction usually do not have insurance coverage or warranties, unlike autos being sold at regular distributors and dealers.

Different car buyers have different opinions on whether it is good or bad to buy a car at an auction.