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Most people don’t realize just how popular car auctions are in the UK. There are a variety of different reasons that cars are sold at auction, from insurance write-offs to car seizures, you can find a whole variety of different cars which can usually be bought at a cheaper price than normal.
Many people buy from auctions, from car traders to mechanics and private sellers. There are also different reasons for buying a car at an auction, we’ve created a list of the top 5 reasons for buying a car at auction and why it’s worth considering an auction for your next car purchase.
You need a car immediately
If you use your car on a daily basis then there’s nothing worse than your car giving in unexpectedly one day, leaving you with no mode of transport. Car auctions are the perfect solution if you need something quick to get you buy until you find a more appropriate solution.
Whether you choose to go to a car auction or bid online using an online auction, you will find a multitude of different vehicles in different conditions. If you just need something cheap and quickly then it is fairly easy to find a car that will do the job. However, there are also cars in good conditions that will last longer.
You want to buy and sell
If you’ve got some mechanical skills and know your stuff about cars then doing up auctioned cars and selling them on can be a great way to make some extra pocket money, or can even be a good business plan for those of you that are especially skilled in mechanics.
Car auctions are a great place for people to look for cars to fix as there are a variety of write-off cars, some that can be bought and the parts repaired and sold on, or even some that can be completely fixed as sold as the full vehicle. However, it is worth noting that you must research the costs of repair before-hand to make sure the sale is worthwhile. If you are spending a lot of fix the vehicle or parts, you could be losing, not making money.
It’s your first car
When it comes to buying your first car, chances are that you want to keep your costs as low as possible, this is because you won’t only be paying for the vehicle, but also high insurance and tax prices. That’s where car auctions come in handy. This is the most likely place to find the best deal on the car of your choice, plus because there are such a variety of vehicles, you won’t run out of choices dependant on your price range and personal preference.
Another point to consider is that you will most likely get a few bumps and scrapes on the car as it’s your first time driving, so you don’t want to invest in something too expensive only to damage it. It may even be worth choosing a car with a few scratches on already so you won’t be too bothered if it’s damaged further. Online car auction websites are great for first time buyers as you are less likely to be overwhelmed by the intensity of a normal car auction. You can check the different cars available on auction site Car.co.uk and then once you find a vehicle you like, check out the insurance and tax costs online before putting a bid in.
You want a specific make or model
The beauty of a car auction is that you can pretty much find anything and everything. If you’ve got something specific in mind, you can look through online auctions and physical car auctions until you find what you’re looking for. As well as this, you can compare the prices and conditions of the vehicles you’re after to make the best choice. Or if you don’t know exactly what you’re looking for yet there’s plenty to choose from.
You need parts of the car
Mechanics often find that it’s expensive to buy parts for cars, especially more expensive models that require specific parts that are rare to find. The parts that are usually most desired at car auctions are tyres, engines, oil filters and alternators. These are all parts that can be easily found, repaired, cleaned up and then re-used to fix another vehicle. Not only does this cut costs for the mechanic, but also saves the driver money when they come to have their vehicle repaired.