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Car auctions can feel like Christmas. They bring together an array of cars, including luxury models like a Mercedes Benz, for rock bottom prices. It’s like buying a home on foreclosure. You can save thousands of dollars on a car.
Unfortunately, car auctions aren’t all they’re cracked up to be. Here are a few reasons why you should consider other sources for buying a car instead, like the local classifieds:
You Probably Can’t Get In
Car auctions are typically limited to dealers and others who have paid for special access. They aren’t typically open to the public. That means that you probably wouldn’t be able to get in to a car auction even if you wanted to attend. Even those who are open to the public can be hard to find out about. You usually have to sign up for a special list to get notified (and, of course, pay for the privilege).
Your local classifieds, on the other hand, are open 24 hours a day, seven days a week, 365 days a year. You can shop for any car any time you like.
You Won’t Always Get a Good Deal
The allure of car auctions is that they promise rock bottom prices. But the nature of auctions is that they are a gamble. If the bidding goes high, you could end up paying much more than you would like to get the car you want. You might get lucky and get a good bargain, but it will only be if there are no other bidders there hoping to do the same on the same car.
When you shop the local classifieds, you can get a good deal on a car regardless of the competition. You just need to be the first to get there. If you’re a good negotiator, you can pay even less than the listed price.
You Won’t Always Get a Quality Car
Many of the cars sold at car auctions have been repossessed or seized during criminal proceedings. They may many engine problems, and there is no guarantee about quality when you buy the car.
By shopping in the local classifieds, you can inspect the car before you buy and ensure you are getting the quality you need.
Whether you are looking for a luxury car like a Mercedes Benz C-Class or a budget model like a Toyota Camry, you’ll be better off shopping in your local classifieds than you will trying your luck at a car auction.
When purchasing a new vehicle, many people check out a car dealership without having a clear strategy in mind. Unfortunately, this type of actions can cause you to create impulsive choices, signifying that you may eventually repent the vehicle bought or the price engaged. It pays to do your preparation before you step into a store, of course, but there are also a few guidelines to create sure that you keep a cool head and drive away with a car you really need and love.
1. Check your emotions at the door
Research different vehicles and consider your needs before going to a car store. It is never a wise decision to do any impulsive purchasing with vehicles. The shiny gadgets of new vehicles will entice you, but keep your emotions in check, come ready with thorough analysis, and adhere to the strategy.
2. Understand About All Offers
When negotiating, think about all of the different offers on the desk. Maybe there are special reduced prices for low gas mileage vehicles or trade-ins and discounts. Think about what your interest rate will be, along with all cost discount rates on different vehicles. Which strategy is best? Could you negotiate a lower price for a vehicle by combining a number of different offers on the table?
3. Speed Yourself
Most car dealerships have special offers that might give you a feeling of urgency regarding a good offer, especially when the sales price is only available through the end of the day or week. In situations like this, it’s best to keep a cool head and adhere to the plans you’ve established through cautious analysis rather than making any impulsive choices. Besides, you may be amazed to understand that most of these “hot deals” are still available the following months if you talk with the sales agents at the store.