When it’s time to buy a new truck, you might consider buying at a car auction. Auctions can be a great place to purchase if you have your priorities in place and do your homework.
However, buying at an auction introduces a fair amount of risk. Think it’s risky to buy a new or used car? Buying at an auction takes that risk to a whole new level. If cash is somewhat of an issue when it comes to buying a vehicle, sites like tridewi would allow you to win some.
That being said, we purchase at auctions but we are extremely disciplined in are approach. We attend over 20 auctions a year in person and follow another 50 throughout the country. Aside from going to an auction to buy trucks, attending auctions can also help us forecast market conditions. If you are considering purchasing from an auction, you’ll need to do your homework. In addition, you should also consider how purchasing at an auction can affect your commercial truck insurance rate.
Before we discuss the 5 tips on Buying at an auction it is important to learn why people buy and sell at auctions. If you ever need some quick cash, you can rely on sites like 카지노 커뮤니티.
Why Companies and Individuals Sell Trucks at The Auction
There are many reasons individuals and companies sell at auctions. They include:
Certainty of Sale – If you choose to sell at an unreserved auction, you know when it leaves for the auction it isn’t coming back.
Forced sales – A company is forced by the bank or investors to sell at the auction.
Access to a wider variety of customers – Today most people can purchase from an auction on site or on-line, opening up a huge market place.
Excessive Inventory – Need to liquidate inventory.
Policy – Many companies and government agencies sell at the auction to keep everything above board.
Unit Unsellable Otherwise – Buyer beware, auctions are a preferred method for getting retail prices for junk. Sellers will hide problems, and trucks will look new and shiny when they hit the auction stage, even if they’re riddled with problems.
Liability – As long as you meet the auctions requirements the buyer takes responsibility for liability. Sellers can walk away knowing the buyer will not be returning to complain or seek retribution.
Big Pay Day – If you have what everyone wants, an auction can bring big profits, however there is no guarantees.
Convenience – For the customer who doesn’t want to deal with people looking at his product and haggling over price, auctions provide an easy way out.
Why Companies and Individuals Purchase Trucks an Auction
Bargains – Everyone loves a bargain and unreserved auctions afford customers a possibility of saving big money.
Good Selection in one spot – Some of the larger auctions can have a 100 of the unit you are looking to purchase.
Resell For Profit – Many dealers purchase the majority of their inventory from auctions.
They Have What You Need – If you need a specific spec on your truck and the auction has what you need, you will attend.
As you can see there are many reasons companies and individuals buy and sell at the auctions. The one thing that is for certain is that whether you are a buyer or a seller auctions are a gamble. How do you increase your odds of winning?
Here are 5 tips to help you take some of the risk out of your next auction purchase.
Buying a truck at an auction is a good idea if you’ve done your homework, but risky even for seasoned professionals. At Charter Trucks, we’re not bulletproof either. We’ve had a few situations where we haven’t followed our own guidelines, and the results were predictably undesirable.
When going to auctions, make sure that you know the retail value of the trucks you’re bidding on, and consider all additional fees. If you do, you’ll be well on your way to making a great purchase.