Myth 1: Online Auto Auctions Sell Only Salvage Cars
The fact is all types of used cars are sold at online car auctions - this includes cars which haven’t been used much and are still in mint condition. It is a myth that the only cars sold at online car auctions are wrecked or damaged ones. However, before you decide to buy a car, you must check its history by looking up its vehicle identification number (VIN). A thorough check of the car’s history will tell you about the accidents or other mishaps it has been in!
Myth 2: They aren’t Advisable for First-time Used Car Buyers
There is a belief that the only people who benefit from online car auctions are seasoned buyers. This is indeed a big myth and is farthest from the truth! Online car auction is an excellent place for anyone to participate in, including newbies. This is because they (online car auctions) are extremely user-friendly, feature a detailed frequently asked questions (FAQ) section which is designed to calm the fears of even the most skeptical person, and have a great customer support department whose job is to resolve even the most complex questions about the inventory which customers may have!
Myth 3: Salvage Cars Are Not Easily Repairable
Salvage cars found at online car auctions can be repaired, depending on its condition and the type of damage it has sustained. As a general rule, recovered stolen cars are in good condition and therefore are a very good buy. Flood damaged cars, however, must be thoroughly inspected by a professional because they will need to be worked on by a professional mechanic to be restored to a drivable condition.
Myth 4: Car Auctions Sell Vehicles for Pennies on the Dollar
Many people think that cars at these auctions are available at throwaway prices. This isn’t the case, and people are sorely disappointed when they don’t find vehicles in good condition for sale at throw away prices. These people may even feel cheated or disappointed. To avoid these expectations, you must always keep in mind that the prices of these cars are much lower than those of brand new cars, but they are not too low. If they were, the online car auction owners wouldn’t be able to make the money they need to stay in business. You should always consult the prices listed in such online resources as the Kelley Blue Book to understand what the ideal price of a car you want to buy is.
Myth 5: Online Auctions Don’t Allow Vehicle Inspection
You are always allowed to inspect the car before you buy it. It is a great myth that this is not the case. You can visit the car inspection site’s premises before bidding on a car to ascertain the condition of the vehicle. After all, you want to make sure that it is drivable before you buy it. You may have to pay a nominal fee for visiting some sites. You can even take a mechanic with you for a professional and thorough vehicle inspection.
Last Few Words
The myths mentioned above are some of the more common myths which abound about online car auctions. You must always do detailed research about the car you want to buy beforehand to avoid running into problems in the future. You must always check to see if the online site you are buying your car from is accurate, trustworthy, reputable, and reliable. You should thoroughly research the Internet to learn detailed information about online car auctions.