Going to your first police impound auction can be exciting and confusing at the same time. You know you can get great deal there, but you may not know what to expect or how to go about it. The good news is that you’ll be alright as long as you are prepared. The following list will tell you the 3 basic things you need to bring to every police impound auction you attend.
1. A Kelly’s Blue Book: This is the single an most important thing you will need to bring with you if you really plan on saving any type of money. Since this is an auction, with no set price, the amount you pay for a car all depends on who you are bidding against. If you are lucky or if it’s a good day with hardly any people around, you will have less competition and will be able to drive away in a car that cost you $1,000s less than it’s blue book value. however, if you are bidding on a really cool car that everybody wants, the price will be driven up by emotions, which will end in a bidding war. So, you always want to know how much a car is really worth before actually bidding on it. That way you can stop yourself if the bids get too high and you end up kicking yourself in the butt.
2. A Mechanic: This is also a very important aspect of attending an auction. Since the cars are sold in as-is condition, you want to make sure that the car you’ll be bidding on does not have any major problems that will add on to its overall price or make it not even worth the money you bought it for. So, have your mechanic come along with you to inspect any car you are interested in bidding on. If you can’t find a mechanic to come along with you that day, try to get a friend that knows about cars to come along. Or at the very least do an inspection yourself by checking for any leaks, funny noises, jerking, smoke or cracked wiring.
3. Money: This is so obvious, but some people don’t bring enough money with them to an auction or just go to look and get mad when they see a car they like and can’t buy it. Some auctions let you put down a deposit for the car you’ve won and pay the rest later. So, at least bring enough money for a down payment and always take into account the extra fees that will be added on top of your bid such as registration, sales tax, the buyer’s premium, etc.
All in all, going to a police impound auto auction does not have to be such a mystery as long as you are well prepared. And you will be as long as you bring a Kelly’s Blue Book, a mechanic and money along with you. It also doesn’t hurt to bring a friend to two along to keep you company.