In other words,to be mechanically inclined,have his own set of tools for example.
2007-01-21 18:51:27 · 7 answers · asked by Anonymous in Cars & Transportation ➔ Buying & Selling
You do not need to be able to fix your own vehicle, but you need to know what to look for, and the approximate cost of repair before you bid. Otherwise you may end up paying too much when you total the prices of repairs and the purchase price.
For example, I bought a pick up truck at an auction last week. I had checked it out, and knew that it had a transmission problem before I bid on it. I based my bid on the value of the truck, allowing for the fact that I was going to have to pay to have the transmission rebuilt. I also allowed for the cost of towing the truck to the shop from the auction!
When all is said and done, I have a nice truck, with a rebuilt transmission. I paid a total price that is lower than average wholesale! This truck will be on the auction block this week (at a different auction) and I expect to make a good profit.
The person who said that you can go to a dealer auction by paying a dealer to take you is giving you some bad advice! Most dealer auctions have policies that specifically prohibit retail customers from the auction. A dealer who is caught bringing a retail customer to the auction may be banned from the auction, and the retail customer may be arrested and charged with trespassing.
2007-01-21 19:37:19 · answer #1 · answered by fire4511 7 · 1⤊ 0⤋
Not really, but you should know some basics. I would highly suggest taking a mechanic along he might charge a couple of hundered but it will be worth it.
If you are going along firstly look under the car for any leaks. If there is a leak and it from the front end of the transmission walk away....its going to be expensive to fix most likely. If the leak is from the back then its probably just a gasket. chek the condition of the engine to see how it is. open the oil cap and feel lightly with your finger on the inside. If it feels like there is gritty stuff inside mean the car has not been well cared for. Open the trunk and look under the spare wheel if there is rust there means the car probably has some rust damage. There many other things to look for google it and you miught find some tips. There many intelligent mechanics here on yahoo so read all the answers and make sure you follow the directions. Goodluck
2007-01-21 19:11:44 · answer #2 · answered by Anonymous · 0⤊ 0⤋
It depends. You can go to a dealer auction with a dealer and find some really good deals. Usually a good used car dealer will take you along and bid for you. You would then probably pay a buyers fee to the dealer for buying the car. These autions are closed to the public so you have to go to a dealer. Most cars are trade ins, lease returns and rental cars. You will also find some new cars too. Some auctions have test areas to try out the car before sale time. Even though you pay a buyers fee this way the total cost is usually below wholesale and loan value.
2007-01-21 19:16:35 · answer #3 · answered by emoryallen29ga 1 · 0⤊ 2⤋
Remember usually cars you buy @ auctions have been traded in on something else or just could not be sold on a lot. You can take all the knowledge you want with you but if you can start it and it runs they it may be worth a bid.
2007-01-21 18:54:48 · answer #4 · answered by LSD 4 · 0⤊ 0⤋
That, or lots of $. The cars are at an auction for a REASON.
2007-01-21 18:54:45 · answer #5 · answered by Dorothy and Toto 5 · 0⤊ 0⤋
Fire 4511 has provided you with an excellent answer, I assume your thinking public auction, read this web page http://www.usedcartips.org/AUCTIONS.html and then you decide if going to an auction .
2007-01-21 21:13:44 · answer #6 · answered by Anonymous · 1⤊ 0⤋
No. But having it professionally inspected by a LOCAL company is imperative.
2007-01-25 05:43:35 · answer #7 · answered by Anonymous · 0⤊ 0⤋