Dec 30

Some Rules to Keep in Mind About an Auto Auction

by in Articles, Blog

Before you actually decide to walk in an auto auction, you have to ask yourself how much are you really familiar with cars? Or do have a discerning eye or sufficient knowledge which can identify the hidden damages to the car? In an auto auction you would have little time to carefully inspect the car amongst all the drama around you. You need to have a beforehand knowledge or consent with an expert before walking into an auction.

Another important rule is to establish contact and build a relationship with the auctioneer. It’s amazing how far will you go if you exhibit good nature and strike an interesting conversation with auctioneer. Obviously, sellers won’t become your well wishers with a whip of a magic wand, but they will look out for you and help you out if you become a familiar face.

You should know about the auction rules. The auction block usually has four lights; red, yellow, green and blue. Here are some highlights of what these lights mean. Red light is the ‘as is’ light which means you are the higher bidder and car is yours. Yellow light means the auctioneer is going to make an announcement about an issue with the car. Green light means you can drive around you vehicle for inspection if you are a winning bidder. Blue Light signals a situation called “title attached,” which means the title has yet to arrive at the auction. You have to have know-how of these rules which can vary from auction to auction.

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