Attending an auction in person is an exciting experience. For beginners and young people, it’s an informative way to learn more about the auction process and to see how bidding actually works. But once you’ve gained the necessary knowledge of how car auctions work, you can easily consider online car auctions.
With digital convenience available at the click of the button, you can extend your auction excitement to the comfort of your own home. Now you can shop for reliable cars from vehicle auctions in Gauteng and surrounds without actually having to leave your house. You can also shop for the most cost-effective options without feeling tempted by seeing various cars in person that might appeal to you.
Much like in person, the chances of you bidding on an item that is in poor condition is the same online. You need to do your research on the type of car you’re interested in before you do anything. Consider factors such as your budget, the dos and don’ts of bidding and more to avoid being scammed.
Here are a few important tips to take into consideration when looking at an online auction:
Research and do your homework
Auctions usually announce the vehicles which will be on display on the day of the auction beforehand. Once you have an idea of what to look at, you will be able to do your research ahead of time. Look at the model of the vehicle, the type of car it is and any common issues you might experience with that particular vehicle. If you have any access to professionals in the industry, speak to them about the vehicle on display or read online forums about the vehicle to see what people say about it. Over and above the car, understand how bidding works and the advised bidding strategies to consider. Remember that avid auction-goers have plenty of tricks up their sleeves, so don’t let anyone catch you off guard.
Set your own maximum bid
During your research process, you will need to find out the retail and wholesale value of the cars you’re interested in, and gain a better understanding of what you should be willing to bid on. Be realistic with the amount you are willing to offer. Set yourself a budget and do not go over it. Auctions are supposed to be for people who have some cash to spare and are willing to pick up a vehicle that is in average condition so that they can do some additional work on it out of their own pocket. While there are hidden gems, you do not want to break the bank on a vehicle that might bring you years of maintenance costs.
Take the mileage into consideration
If you want to buy auction cars in Gauteng, make sure that you look further than the visual element of the car and take the nitty-gritty into account. It’s easy to get carried away by the car’s model, the paint job and the interior without looking at the car’s mileage, the car’s service history or the condition of the vehicle. A vehicle with a higher mileage will have more wear and tear on it than a vehicle with lower mileage. Remember that a car with high mileage is not necessarily old, it might just have been used more often. Another tip to take into consideration is that you need to look beyond what you can or cannot do to the car after you’ve bought it. “Small” repairs could turn into bigger ones and cost you more than you anticipated.
Learn how to bid wisely
When you are new to vehicle auctions in South Africa or bidding for that matter, the excitement can be overwhelming. From afar, there are so many options to choose from, and so it’s easy to get caught up in the fantasy of owning a new car. A good rule of thumb is to not let the bidding process go to your head. If you can, engage with regular bidders to find out more about their recommended strategies. Try to keep a level head and be ready to walk away if the deal is not what you wanted or budgeted for.