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Looking for a good deal on a new used car, but wary of the concept of car auctions? Read on for some useful advice. Most cars at auction come from main dealers, fleet companies or are finance company reposessions. Private sales account for only a small proportion of the total.

Fleet Cars

These ex-fleet models tend to be the safest bet when buying at auction. While they may have above average mileage, they normally come with a full service history and have been maintined according to the service schedule. You can pick up a reliable 3-yr-old car and make massive savings on forecourt prices.

Car Finance Reposessions

The potential downside of buying reposession vehicles at auction is the possibility of the cars having been trashed by owners who never had any intention of making repayments. On the other hand, sound buys can come out of bona fide reposessions which have resulted from things like unemployment.

Dealer Cars

Be cautious about vehicles coming direct from the dealer. You might ask yourself why the dealer hasn’t sold it themselves. Generally these cars require the sorts of repairs that wipe out potential profit margins and so they get shunted off to auction.

Privately Owned Cars

Proceed with caution if a private car catches your eye. Most traders won’t even consider them, and perhaps you should follow their lead for some very good reasons. Many privately owned cars go to auction when the owners have been unable to sell them themselves or when they find themselves in dire financial difficulties. Aside from this, many a time private sellers auction off their vehicles when they are unwilling to pay high repair bills to bring their car back up to scratch.

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