Consider online car auctions if you’ve been looking for a vehicle and have not found it the conventional way. Purchasing vehicles online and especially at an online car auction is becoming a familiar alternative route for many motorists in South Africa. Here are a few bidding tips before you get started.
Tips:
Research - Do your homework on the vehicles that are available and you are interested in. This will give you an opportunity to read up on their specs, service and maintenance history and anything else that may be of interest or concern to you. Public auctions are scheduled and will give you an opportunity to plan your search ahead of time. Visit Motus Auto Auctions website for their next public auction.
The Auction Rules - Understanding the rules, helps you to know all that you need to know and be aware of. If possible, be part of an online auction before partaking in one to understand how it works and its processes. As an active bidder, you will come prepared.
Go with a plan - Stick to a budget and what you can afford. This will help you from spending more than intended and its consequences thereafter. Also, consider the auction house’s fee when bidding. This is the amount of money you pay for partaking in the bidding due to the auction house.
Bring a friend - It’s best to attend an auction with a friend who will be another set of eyes. Their presence is also helpful in that, they will hold you accountable to your budget.
Vehicle Finance - For those looking for vehicle finance at an auction, finance is available for all vehicles that have been repossessed by the bank. However, do inquire about this before bidding.
WIth different brands and models of vehicles available at an auction, findinging vehicle finance is a great starting point for those on the market. This will give you an idea of what you can afford and be able to implement the above tips. Visit us at here for more information on auction finance.
