Tips for Buying A Classic Car At Auction
March 29th, 2010
A classic car auction is just around the corner and there are a few items you’re interested in. You want to make sure the vehicle you buy is the right one for you, but it’s hard to tell from the information available on the auction company’s Web site.
How can you research the cars without being able to see them until auction day?
There are a few things you can do in advance to narrow the selection and better guide actions on the big day. Try doing these things to help you determine which classic or classics might be worth bidding on:
- Research the makes and models – An auction Web site will list the makes, models and years of all cars included in an upcoming sale. Jot down as much pertinent information about the cars you are interested in. Once you have this information, take the time to research value on restored versions of these cars. Also look for such things as availability of parts, feasibility of insuring and so on.
- Call the auction company – It is perfectly acceptable to contact the auction company for more information on vehicles set for an upcoming sale. Ask questions about drivability, what restoration work has already been done and present physical and mechanical condition.
- Look in other places – Chances are if you’re interested in going to the auction or bidding on it remotely, there is a make and model that really has captured your attention. If so, take a look around on the Internet and other places for similar cars that might offer better pricing and a greater opportunity to see and start up the car before purchase. You may find the make, model and year for sale in another location so you can have some options.
On the day of the auction, make sure to arrive early. Take advantage of the time to inspect the cars you might bid on. Ask to have the engines started, if at all possible.
Buying a classic at auction is a great way to land a vehicle. Do take the time to research the cars and get as much information together about what you might be getting yourself into though. A little homework can save you hassles and disappointment down the road.
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