Online car auctions may offer great car deals but there are caveats to watch out for. If you are new to bidding for a car at eBay and Yahoo Auctions, then this article will help prepare you mentally and avoid the mistakes which most people make. Be aware of these and it will go a long way to help you save the hassle, avoid disputes, save some money and let you drive off your dream car purchased from online car auctions.
1. What You See is What You Get
A photo is all you see about the car you are buying. It sounds scary but that is the nature of online car auctions. So you can either get used to the idea or avoid them all together.
2. You Buy What You Bid
Once you win the bid, there is no turning back. You are bound by contract to pay for the car.
3. Fake or Unlisted VIN
Sellers may not list the VIN numbers on the auctioned cars. At times, you may even come across fake VIN numbers. There are also listed vehicles with multiple VIN numbers especially if they were involved in major accidents and repaired with parts from different cars. There is a way to check by running a used car title check.
4. Incorrect Car Details
Some sellers either intentionally or unintentionally disclose the wrong car details such as incorrect engine configuration, model and year of manufacture. Doing an AutoCheck Vehicle History will get you the correct details.
5. Fake Bids
Beware of fake bids. Some unscrupulous bidders can hire a group of fake bidders to push up their prices artificially.
6. Shipping Costs
You need to check out the shipping costs involved. Do not get too excited and forget to include these in your overall budget set aside for the car.
Look out for these when bidding at online car auctions and you are in a better position to get a good deal. Find out how you can save the trouble, avoid the risks and driving home a car at up to 90% off retail prices by participating in seized car auctions through my car blog.