Looking for a good deal on a
used car, but wary of
buying at a car auction? Read on for some
useful advice. Most cars at
auction come from main dealers, fleet companies,
or are finance company reposessions. Private cars account for only a
small proportion of the total car auction sales.
Auction - Fleet Cars
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 maintained according to the service schedule. You could pick
up a reliable 3-yr-old car at auction and make massive savings on forecourt prices.
Auction - 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.
