Government car auctions are a great way to save thousands off your next car. But, do you know how to maximize your savings even further when you get there? Go over these 3 tips that will give you the upper hand when while attending your next federal auction.
1. Get there early: Getting to the auction on time is essential when it comes to saving money. Not only will it give you enough time to fully inspect all of the cars that catch your eye, it will also give you the opportunity to spy on the competition. Meaning, that you’ll be able to see what cars are popular and discover just how attached other bidders are to them. So, if you see a car with a lot of interested buyers that keep coming back, just know that a bidding war is soon to occur. And that’s not the car you want to end up overpaying for. On the other hand, if you see a car that hardly anybody is interested in, know that you’re bound to save hundreds and even thousands off it’s Kelly’s Blue Book value.
2. CAR FAX is your friend: Although most car auction cars are in good condition, some have been in accidents, have had major repairs or even been in floods! So, bust out your smart phone and do a quick CAR FAX report on any car that you plan on buying… it can save you thousands in unwanted future repairs.
3. Stick to your budget: Having and sticking to a budget is one of the most important things you can do while attending a car auction. It’s all too easy to fall in love with a car, get sidetracked, end up in a bidding war and end up paying way more than you can actually afford.
So, stick to a budget, do a CAR FAX report and get there early and you’ll be sure to save at the next federal car auction you attend.…