Posts Tagged with ‘how to’

Thursday, January 31, 2013

Research, Research, Research!

If you want to hunt down a bargain-priced car at a government auction, the key is to research as much as you possibly can before you even attempt to bid on the car in question. If you do your homework, the worst case is you breaking even on the car. As long as you put in adequate research, you will never end up overpaying for a car.

Fortunately, researching cars won’t cost you an arm and a leg and it certainly isn’t a very difficult task to tackle to begin with. Many free guides, both online and in paper form, are readily available for use. You can go as far as consult with an autos professional if you wish to do so. If you pick out a specific car that interests you, try and get as new and as specific a guide as possible. If you go for an incredibly broad car guide, you might run out of luck pretty fast. Specifics include guides that feature the models that you’re interested in, with in-depth information regarding V.I.N. numbers, unique features, and so forth, all essential information when you’re picking out a car to buy at a government auction.

Simply put, you want to check the car’s condition, both exterior and interior, and most importantly everything that’s underneath the car’s hood. Everything, however, can contribute to the final pricing of the car. This even includes the paint job and the most negligible of dents and scratches. Here’s a quick checklist for when you decide to buy cars, especially used cars:

  1. Scan the body of the car. Take a step back and check the paint and frame for inconsistencies, dents and scratches.
  2. Use a flashlight to take closer looks at crevices, such as the spaces between the car’s frame and tires. This is ideal for checking for rust on the car’s underside.
  3. Regarding engines, if it’s too clean (spotless and oiled up), it’s actually not what you want to see. In these cases, you ought to be under the suspicion that the engine’s been tampered with and there may be engine trouble.
  4. Check the tires’ quality to see if they match the car’s mileage and check if the wear on all the tires are even.
  5. Check for leaks on the car’s underside.
  6. If the cars are started during the inspection, listen carefully to the engine for peculiar sounds. Also check the exhaust for signs of colored smoke, which would be problematic.

The checklist will give you a good idea what the car is worth, on top of the research you’ve done with your car guides, of course. Remember, the more homework you do, the more prepared you will be. Whether you’re going against fellow bidders in search of a car or paid professional car dealers, you have to do your research. Speaking of car dealers, you can turn their own knowledge against them. If you notice a car dealer stops bidding on a car, you can try and overtake him by just a small amount. This is because dealers want to be able to flip a car for profit. Thus, the price they stop at is neither at nor above the market price. Worst case is you get the car at market price, but most likely, if you put in a slightly higher bid, you may potentially escape with a bargain-priced car.

Do your research, and stop by here to get started on your bargain hunting endeavors.


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Posted in Automobiles, Autos, Cars, Luxury Cars, Sports Cars