I would not under any circumstances take any money with me to buy a car with, just enough to get there and back and for a cup of tea and a sandwich, and sometimes that can come to a few quid
depending on which auction you go to.

I did this because when I saw how cheap some of the cars went for, I immediately wanted to start buying anything and everything, but this would have been a mistake.

So I sat at every auction I attended with my notepad and pen taking down the details of nearly every car that came through the auction and I was surprised at the prices the cars were making.

From there I would go home and compare the prices in car magazines and the local paper and I could see immediately how much profit people were making by selling cars.

The Day I Bought My First Car At Auction

I decided to take the plunge and armed with all my knowledge and statistics of the previous 3 months research, I purchased one evening at a car auction in Essex, a Rover SDI 2600, X
registration, for the sum of £500 which at the time was quite a nice car and not too difficult to get rid of.

I picked the car up a week later because I paid by cheque and had to wait a week for the cheque to clear. I got a few miles down the road and I noticed the engine started to heat up very quickly which is not a good sign. To cut a long story short I have the car transported home and have to sell the car to a dealer out of the local paper who pays me £200 for the car.

First deal - Loss of £300!!

WELCOME TO THE WORLD OF CAR DEALING!!

As I mentioned earlier you can take your time when buying a car the normal way but these methods go right out the window when buying a car by auction because it's a totally different buying experience.

When you have the opportunity to buy cars at trade prices, your imagination starts running wild as to how cheap this car is, or much money you can earn from this even if you had no intention
of selling cars for a profit. This happens with everyone it is basic human nature.

So the car that you had in mind when you start seeing the other bargains to be had at the auction can very quickly change along with your priorities.

Coupled with the fact there is so much choice and not just one car to look at, which when you go to look at a car that was advertised in the paper you only turn up to view that particular one.

At car auctions there are absolutely hundreds to choose from. So if your 'ideal' car is not there, there is always another car that maybe you didn't really want can catch your eye and there
is nothing like a cheap price of a car to focus the attention of the mind.

Checklist

You will need to inspect any car you are interested in long before the car goes in the auction to be sold. When you find a car that is suitable go through this checklist.

It's very important to examine the car while the car is parked up, because it will be a little more difficult when the car is lining up to be sold and then everybody else will be looking. Best to check round the car when it's not too busy. Hence the purpose of getting to the auction early.

Have a quick look around the car just to check for any accident damage to the bodywork like panels having any dents or bumpers if they are plastic being cracked etc.

Have a look on the windscreen for any chips or cracks as this can be an expensive item to replace.

Then have a look on the windscreen and the car should have a windscreen ticket displayed that should tell you all the details of the car. Please read through this information slowly and carefully noting down any details about the car you need to know.

NOTE: If you are unhappy with any of the above, don't buy it. Simple as that. Just find another car there are plenty more to choose from. Don't let your heart rule your head.

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