BestOnlineBid.com
Car Auctions... I was told mainly traders goes to these things and they have a traders book price they go by?
If this is true and anyone know what a traders max bid would be on a ford puma y reg, 60k miles and focus st170 52 plate, 60k miles? Also, anyone have any tips for auctions as im going next week but never been to one before. (No stupid answers please)
Public Comments
- the book is NADA and you can check it out on line...
- some dealers go but you can still get a good price in between their buying price and a book price
- There is a website Glass' guide that can give you an idea of what a car is worth.
- Have a look in a well known car guide for your ford puma answer. And for auctions I reccomend if you are wanting a car make sure you no what u can find out whilst your there because you dont have all day to bid and you have to make a deposit if you win the bid at the end of the auction. Check for cracks, scratches and dents while the car is parked up waiting to drive through the auction, also it may be handy to take a parkers guide book with you on the day.
hope this helps but i'm only 16 but I do go to a few car auctions :)
- Try www.parkers.co.uk for used car values, if I remember correctly you can start the cars up but obviously not drive them. Traders used to use mainly Glass' Guide which is similar. You'll want to watch for black smoke from the exhaust, white is normal for a cold engine. Listen to the engine for noises or knocking. You should also check fluid levels for an indication the vehicle has been looked after, lift the mats and look in the boots for any evidence of welding. Also check underneath for same. Check alignment of front and rear wheels, crabbing can indicate a problem. Check gaps around doors are equal and alignment of bonnet, etc. It's better if you take someone with you that has some mechanical knowledge.
- The proper trade book most dealers use is Glass's Guide, trade prices are not available online but you may get some help here.
http://www.glass.co.uk/?prtid=uk44b8ucen&gclid=CJiq_tDb4JMCFQ1gQgod8RO2zA
Be careful buying direct from an auction. If 'Sold as seen', you have absolutely no comeback - so if the car has a knackered gasket head and blows up half a mile from the auction room you have just lost all your money. And the costs to tow it and scrap it. Even dealers get ripped off...but as they usually have their own workshops this is not the end of the world....but to Joe Public it is disaster. Lots of unscrupulous people offload lovely looking cars with serious 'invisible' problems at auctions. Be warned. Trying to save money could cost you a fortune.
Tip: If the car looks too good to be true...it probably is.
Edit: Try Autotrader.
- Car auctions are widely used by traders, but there are always plenty of private buyers there also.
You can use any price guide as an idea of what vehicles will cost, or check at http://www.parkers.co.uk . This shows the vehicles you ask about as follows;
Ford Puma 1.7i 2001/Y 70,000 miles has a trade value of £2045 (Use the private poor price unless it's in exceptional condition with service history). Add on a few quid for slightly lower miles & you should pay up to about £2200.
Ford Focus ST170 3 dr 02/52 60,000 miles has a private poor value of £3700 but a private good value of £4745: expect to pay somewhere between the two as there's such a difference.
Go to an auction without intending to buy on the first occasion & get used to how quickly things work, how much time you get to look at cars & how much deposit you need to pay on the fall of the hammer. Remember, you won't be able to check the car over once you've bought it unless you hand over the full amount (including comission): This matters as you'll usually only have an hour's warranty if there's a major problem & you want your money back.
Always take someone with you who knows about cars.
Buy with your head: Look at the cars before they go through, make a note of all the relevant info (It's on a label on the windscreen), and decide on a price you'll pay -and stick to it.
Check everything you would if you were buying anywhere else: Tyres, exhaust, bodywork, look under the bonnet, watch the car being started & driven through the ring.
Finally, auctions aren't a car showroom: If you're too specific on what you want, you'll be disappointed. Go early, look around the yard, note down a few possibles & then go & sit down with your price guide & work things out.
Remember, people will go to auction & pay over the odds, so don't get into a price war if your chosen car gets expensive: Leave it, buying is easy & there are plenty more fish in the sea.
Good luck.
- You need to make a decision on the type of Car or Cars you would be interested in buying, then research them, don't panic, by research I mean go on the net and google 'cheap cars' and you will get to a site/database where you can put in a Make and model of a car(s), make a note of their ages, prices and mileages, then use this as your guide when you go to the Auction so you don't pay over the odds.
Remember, auctions can be a bit of a gamble, as you don't get the opportunity to drive it before you buy as you would if you went to a garage or a private seller, sometimes a drive can reveal some major problems.
Be careful and patient !
- I am not a trader but still buy cars from auctions. yes there are traders there but thay are looking for a deal like you.the best advice is know your limit and don't go over it. one of the best ways to do this is on line auctions. eg:- i just got a £12,000 car for £3,250 and spent £1,500 on a new engine and bingo made a quid or two. good luck.
- At an Auction you can get a good deal. A few points though:
Set a max price on any car and never bid a penny more
Ask and check-out the service record before bidding. If not available don't touch it.
Have a second choice in case the bidding goes too high
Be ready to pay immediately
Have insurance organised as you will be expected to take it away at once
Go to an auction first and don't bid, just get the feel for what goes on.
Good Luck!
- traders Willl buy cars at auction, but wil also move on their trade ins at auction. know what you want, what you want to pay for it,and be prepared to walk away from a car if you aren't sure and go back the next week
