There are many online car auctions being conducted because the economy has forced the closure of many dealerships across the United States. These auctions can be for new cars or for used cars and there are some important considerations that must be taken prior to committing to buying a car on a car auction.
Most of the cars sold at online car auctions are sold “as is.” This means that if an individual buys the car and it is not what they expected they do not have the option to return the car and get their money back. When buying a used car online through an auction it is very easy to get caught up in the bidding and pay more for the car than it is worth.
If an individual is considering participating in online car auctions it is important that some steps be taken to insure that the car that is being bid on will be the car that one expects to get.
The first thing that an individual will want to do is to create a detailed list regarding the vehicle they want. The list should include what options a person wants to have on the vehicle, the condition they are willing to get the vehicle in www.carstream.us, how many miles should be on the vehicle, and the blue book value of the vehicle.
Most online auctions will last for up to two weeks. The details listed about the vehicle will be included in the description. People who are auctioning off a vehicle are supposed to put any damage that is on the vehicle or repairs that need to be made in the description area. However there have been many cases where a vehicle was sold “as is” and the information was not in the description.
When bidding on a used vehicle it is always best if a person can see the vehicle before bidding on it. If the vehicle is in another state it is important to find out about the weather and other conditions that the vehicle has been in when it is used. For instance, a vehicle may look pristine in the pictures but has been driven over roads for several years that are treated with salt to reduce ice. Most of these used vehicles will have severe rust damage on the undercarriage which is not shown in the pictures.
When it is not possible to go and look at a used vehicle before bidding on it one should take the time to check out the auction site and the seller. If the car is being sold by an auto dealer it is important to find out their reputation and reliability. One cannot just take the word of the seller when using online car auctions.
Another important consideration is that the laws in each state are different regarding the lemon law for vehicles. In one state selling a lemon may be cause to return the vehicle and get one’s money back. However, in another state when one purchases a vehicle “as is” without seeing it they cannot get their money back if the car is a lemon.