subject: Gettting Started With Car Auctions: A Good Insurance Cover [print this page] Gettting Started With Car Auctions: A Good Insurance Cover
Attending a car auction is an excellent place to get a bargain on used cars. If you are new to car auctions then you have a lot to learn first before diving in and spending your hard earned money. Certainly, car auctions on average will give a cheaper price for a comparable model than the open' market. It is particularly important to ensure that you have good insurance cover and know how much that will cost you. For any particular models that are available for auction you can check out ahead of time on a typical quote from free car insurance quotes online, free motor plan coverage quotes on net, or a free auto quotes website. In an auction, you will bid, and if your bid wins - i.e. is the highest - then you put your money down and the vehicle is yours.
First off, if you do not know much about vehicles and cannot assess the quality of the vehicle on offer and what price that make-model should normally fetch in the open market then you need to stay away from auctions. An option here is to take an experienced friend along and to follow the friend's advice. Skills that you need include developing a lot of knowledge about makes, models, modifications, and of course costs and rates.
What you'll need if you're planning to buy a car in an auction is a good eye for cars. Eventually, after having participated in a number of auctions and depending on your success, you may even be able to make a good business out of buying at auctions.
A Careful Insight on Car Auctions
Generally, two kinds of car auctions dominate; local car auctions, and online car auctions. The two types work totally differently. In each case the rules will be different. For local car auctions one generally needs to pre-register.
One must always make a point of carefully examining the car that you are interested in as soon as it is available. Afterwards, check out the prevailing market rates, check with free car insurance quotes online to see what the value and insurance cover will cost you. Then set an absolute upper limit for that particular vehicle that you will not cross at the auction.
If your final bid wins' settle up immediately. Use a check or credit card for payment and insist on an invoice. Now is a good time to take the vehicle to a competent mechanic to check. Test drive it while on the way, listen for rattles, clunks, check the brakes, acceleration, and so on.
With online auctions, the biggest disadvantage is that you will not be able to inspect the car before hand. So, ensure that all the details are provided and that there are actual photographs of the vehicle, its engine, its chassis and so on. Be sure to check out for free car insurance quotes online and be fully insured before the shipping is done.
Most importantly again, do not attempt to buy through auction until you have developed a solid knowledge base!
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