Would you ever consider buying a used car from an auction? If so, there are two options available for you, purchasing them from an online auction or purchasing them from a live auction offline. We explore the differences between the two, covering the advantages and disadvantages of both. Give yourself some time to familiarise yourself with both options to see which kind of auction would suit you.
Online auctions have been referred to as gold mines for picking up very reasonably priced used cars. It gives the consumer an opportunity to search easily through a large selection of used vehicles that are available to buy up and down the country and then bid on the one that they want. Most of the time, the used cars that are up for auction have been previously owned and are being sold by the car owner, however sometimes car dealers or breakers sell cars on online auctions too.
Mostly cars bought from auctions are good quality, reliable and in general, good condition. The thing that we think could put some people off online car auctions is that it can be difficult, if not impossible, to tell whether the seller they are buying from even has the car in their possession. The other thing is that you can't see the car that you are buying until you have actually bought it and made payment, so you can't identify any damages or problems with the car unless the seller has kindly made you aware in their advert. The problem with having such a large selection of cars available online to bid on, is that the delivery costs could also be significantly greater depending on where the seller is situated in the UK. You may have to pay more for delivery than what you originally paid for the car!
Recently quite a lot of local auction houses that you have probably come across are considering doing business a little differently these days and have converted their in-house auctions to online auctions as well. Most of these can be found on their own website. If you know of your local auction houses, it may benefit you to look up their website to see if they do have any online auctions as this will help you save on your delivery costs too.
The other option is live auctions. The benefit of these is that you can pick and choose which auctions you would like to attend based on the location of them and the type of items they are selling (e.g. used car auction). You can see the car, do a walk round if needs be and make sure that you are happy with your decision before you buy. People consider purchasing a car to be one of the biggest and most expensive items (except purchasing a house) that they will ever purchase in their lifetime, so if this the case with you, it might be a better option for you to be cautious about buying anything before you actually see it, especially if you are a buying a used car for the first time. The disadvantages of a live auction in comparison to an online auction is that the choice of car suddenly reduces significantly as you are limited by the location of the auction and what is available in that particular area only.
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