Buying cars, trucks and boats is often about scouring the second hand market for a safe, affordable bargain that ticks all the boxes. It’s not that difficult to secure the vehicle or marine craft of your dreams at a price you can actually manage!
Buying new might seem like the most desirable of options. But, why potentially put yourself into debt? Why incur a massive loss initial loss due to depreciation on your purchase?
If you are considering buying a used car, truck or boat auctions you will want to consider auctions. Auctions (both traditional and online) make for an exciting avenue that can have you walking away with a real gem at a fraction of the cost you might pay elsewhere.
Buying a car at auction can beat buying at the local dealer with a price that is likely to be anything up to 30 per cent cheaper. Auctions, therefore, are a very lucrative option when it comes to buying cars. However, how can you be sure you aren’t getting a lemon?
The best advice for buying cars at auction would have to be: research and careful preparation. If you have your eye on a ‘little beauty’ check what a similar make and model is going for on the private and commercial markets to get a ballpark figure of what you price you should be bidding at. Make use of industry data found online at carsguide.com.au to give you conclusive information about standard price range, mileage and other features.
Repossessed vehicles go under the hammer at an average of 20 per cent cheaper than the regular retail price. Surplus work vehicles often end up at auction making them a bargain for savvy shoppers. Auctions are a great way to buy durable trucks and utes.
Luxury interiors (and the like) aren’t usually much of a priority when it comes to work vehicles. So, you can snap up a bargain at a fraction of the price for practical use. Set your budget prior to the auction so that you can maintain a footing on what you are willing to pay. Inspect vehicles beforehand – most auction houses allow for pre-viewing. Employ common sense when buying trucks and similar vehicles at auction.
A boat is more of a luxury item than a car and a ute. It is for recreational use. This means that when times are tough (and let’s face it, the economy hasn’t been brilliant of late) that marine crafts are the first to be sold when people tighten their belts. This makes auctions the perfect place for people looking for leisure craft of any kind at a complete steal of a price.
People will find it more difficult to sell their boat when the market for sellers is flooded. This is why they turn to auction houses in droves. This makes buying boats at auction the perfect place to save big. Make sure you are calm and collected about your purchase, don’t be impetuous – this will ensure you get the best deal that you can possibly get. Get the specifications of the boat before you bid.
Buying at Auction
If you’re looking for a reputable auction house that sells an extensive range of cars, trucks and boats then you will want to check out Lloyds Auctioneers and Valuers. You can bid online or in person and pre-viewings are more than welcome.