How To Buy A Car At Luxury Car Auctions

If you want to buy a high end car and do not want to purchase through a dealership, find out how to buy a car at luxury car auctions. You may be able to save some money when you buy a car at luxury car auctions if you know how to bid properly. You must do some research before you go to the auction, so you know the maximum book value of the car that you want to buy.

Things You May Need:

  • Book value of the car
  • Financing
  1. Find a car valuation website by using a search engine. Look for the different values of the vehicle that you want to buy at luxury car auctions. Print out the report and take it with you to the auction, so you can refer back to it once the bidding starts.
  2. See if you can locate the car once you arrive at the auction. While you may not be able to take the car for a test drive before you buy a car at luxury car auctions, you should at least try to inspect the vehicle. Ask an auction employee to pop the hood and to also let you inspect the interior to see if you still want to bid on the car.
  3. Keep your cool during the bidding process. One of the biggest mistakes people make when they try to buy a car at luxury car auctions is to get involved in a bidding war with other prospective buyers. Set a maximum price that you will pay for the car, and do not go over that no matter how hot the bidding gets. There are plenty of other cars and auctions, so stay calm and see if your price holds up.
  4. If you are the winning bidder, find the auctioneer. When you buy a car at luxury car auctions, many times you will have to pay for the vehicle before you leave the site. Either write the auctioneer a check, or have a pre-approved loan in place at your bank so you have the funds available to pay for your luxury car.
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