Why Buying a Car at a Public Auto Auction Can Be a Risky Proposition
Public auto auctions seem to be increasing in popularity each and every day, however, consumers should really think twice before purchasing a car this way. Buying a car at a public auto auction can be problematic for many reasons and if you don’t know what to look out for, you may end up getting the raw end of a deal.
Know What You’re Buying
At a public auto auction, consumers usually don’t get the opportunity to inspect the cars as well as they should and most public auto auctions won’t even consider letting you take a car out for a test drive. This can make it very difficult to make an informed decision when bidding on any of the cars at a public auto auction.
The Thrill of the Chase
Another drawback of buying a car at a public auto auction is that it is all too easy to ignore your ego and get involved in a bidding war with some of the other bidders. This is risky because it often means that you can end up paying more for a car than you actually intended to. If you’re bidding on a 2004 Ford Taurus and the bidding starts out at $1,500 it’s easy to quickly get wrapped up in the bidding and soon find yourself bidding hundreds, if not thousands more than the car is actually worth.
No Time To Think
Another point to consider when attending a public auto auction is that the pace at these auctions is usually very high paced. Because of this, you really don’t get the benefit of being able to think out your actions decision. In order to benefit from purchasing a car at a public auto auction, you would really need to know a lot about cars or perhaps even be a skilled auto mechanic. The general public can easily make bad purchasing decisions when buying cars at public auto auctions.
When you buy a car at a public auto auction, you buy the car “as is.” This means that if you later discover something is wrong with the car, even the same day you drive the car home, you will not have any recourse. If the problem is an expensive repair that costs thousands, a great deal can suddenly turn into a huge nightmare.
If you are in the market for a car and you are thinking about going to an auto auction, you might want to reconsider. A public auto auction presents many difficulties that consumers are well advised to avoid.