So, lately you have been on the hunt for a used car to purchase. However, you are still unsure of where you should be focusing your attention in order to buy one. If you haven’t thought of it yet, perhaps you would be interested in trying the auction option. It may just be the method of finding the car you need that suites you the best. The following are the pros and cons that come with the auction option. Read onwards!
Buying a Car via Auction: Pros
The amount of places like cash for cars, that provide us with the opportunity to buy cheap cars are plenty. The auction just happens to be one of them. If you know your stuff in relation to how cars work, the auction could be right up your ally. Here are just a few advantages that come with buying vehicles using the auction method.
1. They are Affordable
You will get a good price when you buy a vehicle at the auction. So, it just goes to reason that anyone who values the ability to buy cars at affordable prices will find everything they ever wanted at the auction.
2. Huge Variation of Cars
Auctions don’t limit themselves to selling only Toyota’s. They are well known for having veritable smorgasbords of vehicles to choose from if you are after a truck, Ute, van, SUV or 4x4, you will find it at auction. If you want a simple car, regardless of what make or model it is, the amount of trouble you will have finding it at auction is zero.
3. Vehicles are in Good Shape, Guaranteed
Automobiles that are auctioned off get vetted heavily before they are sold. This ensures that you are getting yourself into something that will not turn out to be a rip off.
Buying a Car via Auction: Cons
Not everything about buying cars via the auction route is good. There are some disadvantages as well. Let’s see them!
1. No Exchange or Return Policy
If you purchase a vehicle at an auction and it turns out to be a lemon, you don’t have the option of returning it.
2. The Re-sale Value is Low
Car’s bought at auction tend to have much lower resale value than vehicles that were purchased via other methods.
3. Risk of Buying Stolen Cars
This isn’t a huge risk, but it is there anyway. You may end up purchasing a vehicle that was stolen. Fortunately, this can be avoided simply by making sure the auction itself is high quality and reputable and the vehicles are well vetted first.
4. You Can’t Test Drive Cars
When you see a car that you want at an auction, you don’t have the same options that you do when you see a car you want privately. You are told about the car when you first see it, and won’t get to drive it or check it for any issues until you drive it.