Aug 23, 2022
We all want the best deal possible on a new or used car. Here at Mayo Auction & Realty, we realize this, but you also need to know what you’re buying and how to prepare for your purchase. As a longtime Kansas City online auction company, we have compiled a list of things you should know about purchasing a car at an auction. Whether the auction is online or in person, following these guidelines will give you the best chance to find your ideal new vehicle.
Get Your Funds in Order
With any major purchase, you need to have all your financials in order. This means you’ll need cash or an approved loan to gain ownership of a vehicle. As a leading live auction company in Kansas City, we suggest that you plan accordingly for taxes, title, and registration fees. These extra expenses are often unaccounted for and leave buyers in more debt than they originally planned.
Be Aware, Even Cars in Poor Shape Will Still Look Appealing
At an auction, people come in with different objectives. The buyer is going into the sale looking for a great deal. Knowing this, the seller wants to make low-value items look as appealing as possible to try and drive up the price. As a trustworthy auction company in Kansas City, we encourage you to look deep into all the details of a vehicle you are considering. Check out the car’s history, the mileage, and make sure the VIN number matches in all areas. Some sellers know their car is in poor shape but will try to take advantage of a buyer that is not prepared.
Watch Out for Used Car Dealers
With years of experience as a live auction company in Kansas City, our team at Mayo Auction & Realty knows that some used car dealers will get desperate to move inventory at an auction. Most used car dealers prefer to deal with customers at their dealership, negotiate with other dealers, or participate in dealer auctions. Sometimes they resort to public auctions when they get desperate to sell vehicles that are too far gone. This makes it crucial that you look at every detail of an older, worn-down vehicle that is being auctioned off.
Consider Shipping if Needed
Another thing you need to take into account if you are purchasing a car from a Kansas City online auction company is shipping. If you live in New York or California, you’re going to have to get the car moved from the Midwest to your residence. Find out what the shipping costs will be, and make sure you add those into your budget.
Are You Looking for a Reliable Live or Online Auction Company in Kansas City?
Mayo Auction & Realty is a full-service real estate auction company in Kansas City that effectively markets your property to the world. As a seller, you will enjoy getting market value for your property or assets in the time frame you need. We are a Kansas City online auction company as well. As a buyer, you will enjoy our easy-to-use competitive bidding marketplace. The Mayo Auction Team is here to make your life easier, so contact us today.