Planning to buy a car from an auction place? Be very careful while making your decision about buying the car from an auction place. There are various ways you can purchase the car from an auction place. You must be aware of public auction. There are
other ways available too. Let us try to understand various types of car auctions available to you.
Wholesale and Manheim Car Auctions - this car auction is not for you. Wholesale or Manheim car auctions are meant for auto dealers, the licensed ones.common man like you and me can't even attend this auction. Salvage auctions - again, not meant fo.common public. These cars are in such a poor state that a mechanic or a pro in the industry can only dare buy cars from such auctions. Don't ever think of bidding for a car in salvage car auction unless you are a pro in the same trade.
Government or Police car auction - here the cars for sale are those which have been discarded by the government agencies or those which have been confiscated by the police. General perception is that one can get a car at a lower price in such auction. You may be grossly wrong. First, the cars may be in such a horrible state that you may need lot of money to restore its original condition. Secondly, you may never know about the history of the car. Ensure that you have run through Carfax history report for the same. Last thing to remember - you may have to shell ou.commission to the auction agency over and above the bid price. Always keep almost 15-20%
