Buying tips for online Truck Auctions, 3 things to consider
When using online auction sites, you have to consider certain factors that would not necessarily present themselves whilst attending regular auctions
. For a start you will not get to inspect the vehicle beforehand as you would when you visit a normal lot. Not only this, but the lots on offer could be spread throughout the country as opposed to being available in just the one warehouse so this brings with it logistical issues. These are but a few of the factors you need to consider. So read on and bare these thoughts in mind.Inspection:
As previously mentioned, a personal inspection is not always possible when browsing online auction lots. This is quite typical of online auction sites, although you do normally have the right to return the vehicle if it does not match its lot description. If you are meticulous in your search however, there are certain truck auction and commercial auction houses online who carry out inspections on the lots before listing them. This safeguards your buying experience and protects their reputation. So to make sure that you do not get burned, check out the terms and conditions to know what your rights are if you purchase a vehicle that you believe does not fit its description.
Buying:
Okay, so working with the first point in mind, you should have found an online auction house that carries out inspections on your behalf. This will minimise your risk. Now you need to tackle another risk in the buying process, your own bidding behaviour. For anyone who uses ebay, you may know how easy it is to get caught up in a bidding war'. If someone bids on a lot that you are interested in and by doing so, they take it over the threshold that you were prepared to pay Try not to get to mad, and certainly do not get even'. Paying more than you intended for a lot is not something you want to make a habit as it defeats the point in using auctions to source your trucks and commercial fleet, you use them because they are cost effective. This benefit is lost as soon as you start paying over the odds for your lots. If you learn to control your emotions whilst sat at your screen when bidding, you will likely do well in the auction arena.
Logistics:
So, following the advice above you should have found a truck that suits you at a good price. The description checks out and you are happy with the vehicle. What happens next? Well, due to the nature of online auctions this vehicle could be miles away so how do you get it to your depot? Most auction houses will require that you pick the vehicle up yourself from the buyer, although if you searched well your auction house may provide a delivery service for you at an extra charge so you can avoid the hassle. Either way, if you made a sensible bid the chances are you saved an awful lot more on the vehicle than it would cost you for delivery.
These points are not exhaustive by any means, although they should at least remind you to keep your cool and to spend more time searching for a more reputable online auction house. It will save you a lot of heartache in the long run.
Buying tips for online Truck Auctions, 3 things to consider
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