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Things That You Must Consider Before Start Bidding
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used car auctions are convenient way of buying seconded car in affordable rate. As pricing remain highly flexible you can easily fit a car in your budget and buy vehicle in cheapest price available in market or even lower than that. However, before you start with a car auction, live or online, you must know essentials of car auction to be beneficial from it and gaining the best deal on buying a vehicle. This article will discuss on the important facts that is crucial for a bidder to know before registering in it.
First thing first, you want to know the whereabouts of the cars you are going to bid over. In used car auctions in Dubai most of the cars usually comes from repossessed cars that has been seized by banks or other financial organizations from those who defaulted or it could come from the cars seized by the police for being used in illegal dealings.
One who wants to participate in used car auctions should have an authorized ID, preferably driving license with him. You must have the required money with you as you are not allowed to make delay in payment.
One must consider Blue books to have a clear idea about retail value of the car in auction to make an idea of its probable cost and make a plan of bidding accordingly. If it is a live auction, it is good to reach the spot or car showroom in Dubai at least three hours ago the auction starts, so that you can have a looks of the cars, select the vehicle suitable for you and inspect the car and its condition well.
If possible, take an experienced car mechanic along with you before you in the auction. A professional mechanic can inspect a car better than a layman and they will better understand the exact condition of the car. They can understand if the car you select is good for you and can help you with the estimation of the price you should pay for it. Thus, you can keep away from wasting money on an unworthy car.
Before the auction starts, you need to enroll your name for the auction. By registering, you get a card with a specific number what will be your ID during bidding session.
For every vehicle in auction, there will be a fixed bid, which is the lowest price set by the auction authority.
Once you are done with selecting, the car you want to bid you will get vehicle identification number (VIN) that include the detail history of the very car.
The most important thing you must remember before you start bidding that you take part in an auction to win a car not to win the auction. The foremost reason for going for a used car auction is to buy a car in an affordable price that fits in your budget easily. The insistency of chasing the bid may distract you from the basic motive of auction and you can end up buying a car going out a reach.
Once you win a car you can’t cancel the deal, so it is vital that you remain careful from the beginning and bid only if you are serious about buying a car.
Khaled Aldhaheri is a well-established vehicle reseller participated many live and online car showroom in Dubai . He is writing on car auction for almost seven years.
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