Тhе fіrst thіng tо соnsіdеr іs thаt аlthоugh they are called damaged car auctions, it does not necessarily mean that the cars are damaged beyond repair nor that they’re not drivable. Sometimes there are just a few minor problems, and the vehicle can be easily fixed. When you’re buying vehicles from damaged automobile auctions, you have the choice and indeed are permitted to inspect the vehicle before placing a bid. I would suggest that you do so to protect against buying a problem that is bigger than you expect or something that just can’t be fixed. If you’re not mechanically minded it is a good idea to take along someone that knows a bit about cars to get another opinion.
Authorities hold most damaged automobile auctions approved auctioneers. The intention of this government is (believe it or not) not to make a profit on these damaged vehicles. This implies bidding is free to begin at ridiculously low prices. This is very good news for buyers and sometimes means that a bidder can find these cars for 95% off the market value price.
The auction method is so simple and professional. You get reliable, authentic documents, vehicle reports and you have an opportunity to inspect the vehicle thoroughly before bidding. The inspection periods may be the day before or a few hours before the auction starts. As I mentioned, the basic recommendation is that you bring along a person like a mechanic that will assist you to rule out major problems. No amount of saving (not even 95 percent off market value) can help if the vehicle is not what you anticipated and indeed is a lemon or damaged beyond reasonable repair. Also, rust may be one of those silent but deadly characteristics of a damaged automobile that’s why I recommend that you have the vehicle thoroughly inspected yourself or have a professional on hand to double check the condition of the whole vehicle, underneath the chassis, inside the guards, and under the hood.
Damaged car auctions held over the Internet are a wonderful convenience to many people. The best thing is you can select the vehicle from the pictures, buy it through the online bidding system then return the vehicle if any problems don’t match the description or your expectations. If they say that the vehicle has something wrong with it such as like rust in the hood, you can’t return the vehicle due to that rust as they have already said that it had rust in the description. If however, you find that the automobile has issues not revealed on the auction list then you’re free to return it for a full refund normally.
I must reinforce the word damaged is nothing to be worried over. You may become very slight, minor defects in vehicles that are then shipped off to the damaged cars auctions. This is an excellent opportunity to take home an almost new vehicle and fix it yourself or do it in the repair shop for such a low cost in comparison to buying the vehicle in excellent order.
What if I want to sell these cars?
Reselling these damaged vehicles is a terrific idea and effortless way to make some good money. If you do choose to resell, it is best to look at the overall condition of the vehicle; sometimes it is best to resell the damaged vehicle as parts, the parts can be sold separately which makes you more money than selling the car as a whole. Be careful in removing the parts since the loss of a nut or bolt could lead to a part being nearly valueless, it is best to understand what you’re doing or at the very least be methodical in your approach. Damaged cars and automobile parts are advertised locally in the newspaper and online daily. If you take the time to market these cars, you could double or triple your initial outlay efficiently. Make certain that you check out your local laws and tax advice in regards to these sorts of sales.
Damaged car auctions are not always easy to discover. I’m often asked about the location, dates and times of this highly sort after auctions. Providing people with this invaluable information is a service that I run on a regular basis. These damaged car auctions are not advertised nor are they obtained easily by the general public. They have been kept somewhat of a secret by automobile dealers and savvy individuals who use them to purchase cars at absurd prices and then profit by reselling the vehicle.