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7 Tips for Buying Salvage Cars at an Auction

Posted on Categories Salvage
7 Tips for Buying Salvage Cars at an Auction

Finding a good salvage car is like finding a great bargain. Only it’s better since you’ll be able to get salvaged vehicles for a fraction of the price.

It’s a perfect match for those of us who are financially savvy and wanting to find the best deal.

If you’re new to these kinds of auctions, however, finding that bit of treasure can be a little tricky. These are salvage cars, after all, so you need to have a bit of know-how in order to keep from buying something you won’t be happy with.

We’ve collected some tips for you that helps you do just that!

Arrive Early

Most salvage cars auctions will set aside a couple of hours ahead of time to allow for people to look around and see what is on offer. Try to arrive early before the actual auction so that you can take advantage of this extra time.

This time can be used to properly inspect the cars that you’ll potentially be bidding on soon enough. Not taking the time to look around can leave you in a bad position when it comes to the bidding portion of the auction.

Alternatively, if you prefer to look to online auctions, you should keep yourself up-to-date on all of the new cars available on the site. Check frequently so that you can be one of the first viewers to begin looking at and bidding on the car you desire to own.

Inspect Vital Areas

When it comes to inspecting salvage cars, there are certain vital areas that are more important than others. Take a look at these areas first to determine whether or not a particular car is a good choice for your needs.

These places include:

  • Tyres
  • Bodywork
  • Gaps between panels
  • Windows
  • Electrics
  • Upholstery

Don’t hold back in getting low to the ground to check the tyres, for example. Get right into the car and start investigating. Have an idea of any repairs that might be necessary, as well as any salvage parts that might make that process cheaper for you in the future.

Once you’ve collected all of this information, you’ll be able to use it to your advantage. Don’t forget to keep a list so that you can remember your thoughts about the cars during bidding.

Learn About the Auction

Each auction dealer and auction website is different. Some may be more strict on something where another one has more leniency. Before going to an auction, make certain to read up on auction’s terms and conditions.

Most auction places will have their own terms and conditions easily accessible, so make sure to take some time before you visit to find and read them.

This kind of preparation will make the whole auction process easier and more streamlined for you.

Be Curious

It’s good to ask questions — as many questions as you can think of. It’s better to ask too many questions and be satisfied with the answers than to take a chance on being disappointed in the future.

Remember, you’re trying to gather up all of the information possible about these salvage cars so that you can make a good decision on whether to bid on one or not. It’s up to you to make sure that your decision is well-informed and sound.

You can do this by either contacting the auction website or by going to the building itself. You could also take the viewing time before the auction to ask your questions.

Just remember that you’ll want to ask all of these questions before the auction actually begins. If you still have questions during the auction, it will be too late to get them answered.

Research What You Are Buying

When buying salvage cars, you’ll want to check the V5C that goes along with it. This registration document will tell you general information about the car’s lifetime.

Other things to research would be DVLA checks, HPi checks, as well as general information that will tell you more about the car you might be bidding for. Knowing about salvage codes, for instance, can be a good thing to research beforehand.

You’ll also want to check out if the car has a valid MOT certificate. A certificate that tests the roadworthiness of any car that is older than three years.

Don’t Forget Your ID

No matter where you’re purchasing your salvage cars, be it on an auction website or in a building proper, you need to have your identification on you to show proof of who you are.

If you’re using a website for your auctioning purposes, however, it ‘s even more important to properly set up your account and personal information before you try to bid on any of the cars. Make sure to take the time to look up what you need to do with the auction website to set up your account.

ID is one of the most important parts to validate your account, to find a way to get a good scan or picture of your ID to quicken up the process. Alternatively, you could visit the office building of the auction site to show proof of ID instead.

Arrange for Transport

After you’ve outbid your competitors and now own your own salvage car, the question now comes down to how you’ll get it back home. While some salvage cars may be roadworthy, not all cars will be.

Because of that, you’ll want to arrange for a safe way to transport your car away from the auction. You can do this by arranging a recovery vehicle or you could potentially collect it on a suitable trailer.

The main thing to keep in mind is that your transportation method needs to be safe and follow highway code.

Salvage Cars Can Be Just What You Need

Whether you are looking to find a new home vehicle or you want to find some extra parts for another car, a salvage car auction holds unlimited possibilities for all. Go on, have a look.

A great deal could be waiting for you at your local salvage cars dealer or even on an auction site online.

Want to get started? Contact us today and we can help put you on the right track!