The definition of an “auction,” according to the dictionary, is: “A public sale in which property or items of merchandise are sold to the highest bidder.” All car and truck auctions are not public auctions, however. Some car and truck auctions are limited to dealers, but there are public auctions held in which cars and trucks are sold to the highest bidder.
If you are considering bidding on and, hopefully, buying a car or truck at a public auction, there are some things that you need to know. The first and most important thing to remember is that you are going to be on your own. There is no safety net. When you buy a car or truck at auction, that car or truck, and any problems, belong to you.
So, BEFORE you buy, it is of the utmost importance that you run a check on the history of the vehicle in which you are interested. The only information that you need to run a check on any car or truck history is the VIN (Vehicle Identification Number). You can find out everything that has happened to that car or truck since it was originally sold as a new vehicle, and you need this information in order to help you determine how much you are willing to pay for the vehicle, or even whether you want the vehicle.
And AFTER you buy a vehicle through a public auction, it is important that you purchase a used car extended warranty insurance policy. There are good used car extended warranties, and then there are used car extended warranties that are real ripoffs or outright scams.
Don’t cross your fingers and hope for the best when you are buying a car or truck through a public auction. Do your homework!