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Buying Damaged Car At Online Auction

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Many families have been affected by the recent recession, leading to budget cuts and a demand for used cars and parts. Online auctions present many high-quality cars and parts at less than half the cost of retail-sold items. Salvage car auctions make vehicles with little to major damages available without the hassle of purchasing from a dealership. Today’s dealers have become masters at tricking customers into overpaying. Some families turn to junk yards for cheaper options, but they will never know the vehicle’s history.


Recycling used cars and parts through online auctions allows customers to repair vehicles in all kinds of conditions and for various purposes. Online auctions typically provide a Vehicle Identification Number, which allows prospective borrowers to research a car’s history, including any previous accidents, before making any decision.


1. Research the vehicle you wish to purchase


Today’s online auctions provide thousands of options to choose from. Most websites provide a search tool, where you can type “2013 Dodge Dart SE,” or whatever make and model you’re looking for. If you’re still deciding what vehicle is right for you, just browse through the website’s listed options.


Some salvage vehicles possess only minor damages, while others need complete overhauls. This allows customers to choose their own price; vehicles with more damages will have lower prices, and in turn can be a more cost-efficient option.


Ultimately, the cost of repairs is what customers should highly consider. Repair shops can place quotes on how much it will cost to repair a vehicle. Most online auctions provide multiple pictures of each vehicle to show bidders any possible damage. However, some vehicles can possess internal damages. Bidders should include internal damages in their budget before deciding on a salvage vehicle.


2. Place a bid


Upon extensive research of your desired vehicle, you should have a pretty good idea of what its value really is. When you feel ready to place a bid, keep a budget in mind and never overbid. If you win the auction, you will become obligated to pay for what you purchased. Bidding online is fun and exciting, but it needs to be taken seriously.


While the auction starts, don’t be afraid to bid early. This will show other customers that you are interested in an item and ready for any possible competition. Also, don’t forget to keep checking on your bid. If you want to win the vehicle, you will need to continue out-bidding other interested customers.


Placing a bid in an online auction implies that you are offering to purchase a vehicle at the price you are specified. If the seller decides to accept the highest bid, you will be contractually bound to purchase the vehicle if you are the highest bidder, along with any additional auction fees. Sales are typically final and the bidder holds no right to any refunds or exchanges.


Salvage online auctions often sell vehicles on an “as is, where is” basis, meaning that the highest bidder will purchase the vehicle without any warranty or guarantee. This leaves the research process up to you; make sure you are comfortable purchasing a vehicle before placing any bid.

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