Repossessed Vehicle Auctions attract buyers with guts, imagination and wit too who succeed in the heady atmosphere of a good auction. I overheard one saying you’ve got to be possessed yourself to take the risks involved in such auctions. Maybe humor is the only way to release the tension around such venues.
That’s the bottom line: plenty of jokes. You have no comeback and you don’t pay for the extras of guaranteed friendly service, warranty checks and accountability associated with sales through high street dealerships. Humor is the antidote for nerves. It would be great to see a survey of the number of people who actually use the guarantees or service discounts and all other add-ons found on the high street and compare it to the number of people who actually bought cars through so-called reputable firms.
I have to admit the risks involved are not for the faint-hearted but you learn by going to the auctions and not just by imagining what they’re like. It’s in the harsher economic climate of the credit crunch, when purse strings are tightened and the auctions fill with record numbers of repossessions, that an actual visit to the rooms can seem very worthwhile.
You can get some terrific bargains when you know what you’re doing so if you contemplate getting a new vehicle in this way and you have never been to an auction before, then I advise you go along for a day just to see how the sale process works and get comfortable with the atmosphere before trying to buy.
If you’re not a mechanical expert, take along someone with mechanical experience to look the vehicle over and see if there are glaring problems. You may have to pay a small fee for this privilege, but it is well worth an experienced opinion. Have a notebook to hand and take time to look over cars, trucks, boats or whatever you fancy and list any issues against the registration and model. Make sure you have a few prospects in your notebook so when bidding starts you are prepared.
The bids come in thick and fast and you do not have that much time to dither when sales are in full swing, so be as prepared as you can and watch for the lot numbers to roll round to your prospective purchase. Watch how the bidding goes for each and join in the bid process if the cars remain within your budget range. My advice is not to go beyond the range of your budget and be sensible. If you’re bidding against auction experts, don’t get intimidated or carried away by the sheer speed of the sales at the Repossessed Vehicle Auctions.