FabSwingers.com forum: Buying Cars in Auction

By (user no longer on site) OP
over a year ago

Anyone got any experience in this ? Specifically how accurate is the CAP price guide that I am seeing alongside each car listed in the auction

Looking at buying a specific make & model, my intention is to buy one that is being offered in the sales that have come directly from the dealers (ex lease etc) so car will be 3 years old and full service history

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By (user no longer on site)
over a year ago

"Anyone got any experience in this ? Specifically how accurate is the CAP price guide that I am seeing alongside each car listed in the auction

Auctions used to be good places to go for bargain price but now Jo Public are a lot savvier in general a lot of people like yourself will go to buy a vehicle you want for personal use and not to re sell and make a profit on etc.

So this unfortunately has pushed the prices at auction up and made it harder to buy as cheaply as you could say 10 plus years ago.

The competition now in bidding for the right vehicles is high so that in turn pushes the prices in auction up.

In my opinion in you want a bargain look in local adverts and sites like auto trader and buy private . There are still gems to be found if you have the time to look.

Good luck OP

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By *olgateMan
over a year ago

on the road to nowhere in particular

Do your homework , research prices, visit an auction a few times to see how they work. Listen to the auctioneers description and understand the terminology used. Because of money laundering laws, auctions don't like large lumps of cash. Debit card is the preferred way. Inspect the vehicle as best you can. It will normally be locked until a few minutes before it is offered for sale. Cars are either sold as seen or "all good" or no major mechanical faults. ie: ending gearbox working properly. You normally have an hour to inspect after. Some companies sell everything sold as seen

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By (user no longer on site)
over a year ago

The CAP prices are accurate as they are taken from CAP. CAP will have several figures which will be used when the auction values the car. For example if the car is a heap of junk they will base the price of the car around CAP below. When buying from auction there are other fees to pay on top of the price of the car so make sure you budget for this. Another point is if the car is sold as seen. Where I previously worked they did mechanical checks etc which were declared at point of auction. Several people I know purchased cars from auction got good deals and good cars. Like everything it's a gamble. Good luck

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By *atcoupleCouple
over a year ago

Suffolk - East Anglia

"Do your homework , research prices, visit an auction a few times to see how they work. Listen to the auctioneers description and understand the terminology used. Because of money laundering laws, auctions don't like large lumps of cash. Debit card is the preferred way. Inspect the vehicle as best you can. It will normally be locked until a few minutes before it is offered for sale. Cars are either sold as seen or "all good" or no major mechanical faults. ie: ending gearbox working properly. You normally have an hour to inspect after. Some companies sell everything sold as seen"

Good advice above.

Bear in mind that there are also a number of variables, such as the area the auction is; because prices do vary. Also different makes/types of vehicle; some are better bargains than others due to availability, popularity etc.

I always stick to the following rules:

I only buy one owner ex lease vehicles, must have full service history, the mileage must be warranted.

Best advice is - do a lot of research before you buy and don't hurry. The market is awash with vehicles for sale so there's no need to rush.

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By (user no longer on site) OP
over a year ago

Thanks for all the advice guys, now to get it bought in time for the good weather !

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By *rightonsteveMan
over a year ago

Brighton - even Hove!

"Thanks for all the advice guys, now to get it bought in time for the good weather ! "

What car are you looking for?

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By (user no longer on site) OP
over a year ago

"Thanks for all the advice guys, now to get it bought in time for the good weather !

What car are you looking for?"

997

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