Are you a regular handy Joe with mechanical problems? Do you get sick and tired of having to hunt down spare parts in order to fix the cars you fix and sell for profit – either as a hobby or as your profession? Do you have a certain type of vehicle that you specialize in repairing or restoring? Whether you make your entire living as a mechanic or are just a weekend enthusiast, you know how pricey automobile parts can be, and you also frequently have difficulty finding all the parts you need. A good solution to all of these inconveniences and expense are salvage auto auctions.

Would you like to have a good bonding experience with your teenage son (or daughter)? There are lots of men who have extremely fond memories of the summer they spent restoring an old “clunker” and turning it into a really cool car. Your one-stop shop for everything you need may just be a traditional or online salvage auto auction. Salvage auto auctions generally have loads of cars and trucks for sale, and getting a whole car for parts to rebuild or restore yours is a great way to ensure that you will get the needed parts at a good price and always have what you need available right there in the garage.

Are all the cars at salvage auto auctions good only for spare parts? No, not necessarily. A large number of the vehicles do not have a clean title, but occasionally you can find cars that do have a clean title. They may end up in salvage auto auctions simply because they have been in a wreck, have been repossessed, or are theft recovery vehicles that have not been claimed by the original owner. This is not the norm, but many online salvage auto actions have search features built in that allow you to look only for vehicles with a clean title if that is what you are interested in. Generally speaking, most salvage auto auctions sell insurance cars and trucks that have been damaged, either in a flood, an accident, a fire, or due to theft. However, you can also find cars that have were charity donations, rental company vehicles, or repossessed vehicles.

Salvage auto auctions take place all over the country, and most companies who hold auctions have them once or twice a month. Buyers typically come from all walks of life – from used car dealers to scrap metal dealers to junkyard owners to exporters to regular old people like you and me who have some need for the vehicle or vehicle parts.

Just a few years back, if you wanted to bid on a vehicle at auction, you had to be physically present at the auction so you could hold up your bid number for the car you wanted. Now, though, through the magic of the Internet, most salvage auto auctions also offer online bidding; some accept bids during the live auction only, and some will simply accept an online bid placed ahead of time; if no one at the auction bid as high as your online bid, you would be the winner of the car or truck.

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Car auctions are a good place to get good a bargain on cars. But buying cars from auctions can be very complicated. This is particularly true for the uninitiated. Of course the cars in auctions are generally cheaper. But they are cheap because they lack the guarantees that come with cars bought from dealers. The rules in auctions are simple, you bid an item, you pay for it, and you own it.

It is therefore not advisable for persons without much experience in motor vehicles to just go to an auction and buy a car.

What you’ll need if you’re planning to buy a car in an auction is a good eye, good observation skills and a willingness to learn the car auction process.

You can even make it a business by buying cars at auction and then selling them at a profit. There are several people who have made huge profits by buying and selling cars at auction.

There are basically two kinds of car auctions, local car auctions and online car auctions. Each of the auctions works differently. Each has a different set of rules so you must study them very carefully if you are planning to buy a car from either kind of auction.

If you want to buy a vehicle in a car auction you must first pre-register with the local auction you want to join. The pre-registration process won’t take much of your time and will provide you all the essential information that you will need in order to buy a car. An auction site will often have an auction staff who will explain to you the rules of their auction site and the procedures and instruction on how to participate and bid on the cars.

It is wise to inspect the cars before the actual bidding begins. Ask the auction organizer or staff if they can allow you to take a closer look at the cars before the start of the actual auction. Another wise decision is to set your payment limit before the actual sale. This way, you won’t fall victim to the trap of overbidding.

As in other auctions, it is very important that you signal your bids carefully to the car auctioneer to avoid confusion. Settle your transaction as soon as the auction ends. Look for the block clerk and settle your accounts with him. A car auction staff will usually be available to assist you when you are ready to pay for the vehicle you have won. He should also be able to guarantee you a good title for the vehicle.

You must also check the vehicle after you have won and settling your account. Take the vehicle for a test drive and make sure that it conforms to the guarantee and representation made during the auction.

Most auction sites would accept check or credit card if you cannot pay the car with cash. An auction staff will also usually give you a third party financing offer. It is advisable though to have your own finances ready before entering a car auction. Outside financing is usually cheaper than most in-house financing of auction sites.

Ask for an invoice copy from the auction staff. This will enable you to drive or ship your newly bought car to your location. Most car auction managers will give you good deals on shipping arrangements so inquire about this.

There really are no significant differences between a local auction and an online auction. Online car auctions work more or less the same way as local ones. The only disadvantage of online auction sites is that you won’t be able to inspect the car as you would in an actual car auction. In participating in online car auctions be sure that you will be provided with all the necessary information about the car upfront and that there is an actual photograph of the vehicle.

Cars bought from an online auction are usually shipped to the buyer for a minimal fee. Inspect the car immediately upon arrival at your location to minimize risks.

You are now ready for your first car auction. Happy bidding!
 

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The rules of an auction
Whether online or offline, auctions are quite popular and have been a major attraction for businessmen as well as common folks and it existed as far as one can trace back in history. Auctions have existed since the dawn of time, and they simply continued evolving alongside its society. In case you are new to auctioning or if you want to skim through the basic rules, here are the basic steps that can be seen at a regular auction.

1)    Person X wants to sell an object.
There is an object in which you wish to sell, but do not know how much it could go for; in that case, it may be better to have it shown to everyone. (It is also quite possible that you know the value of the object, but simply want to fetch the highest price possible.)

2)    Person X brings the object to an auctioneer
After setting a base price for your object, it is then given to an auctioneer. This so-called auctioneer can either be a real person or a website that acts as a virtual mediator.

3)    The auction opens; war rages on
The auction is shown to the public (which does not apply to a silent auction) people then bid on the object; if Person A bets $5, then any other individual wishing to acquire the object must bid $5 plus an increment.

4)    The auction ends
The auction will end under at least three circumstance: if the auctioneer deems the current bid so impressive that he closes the auction, if the time allotted for the object has finished and finally, if one person bid and no other person decided to outbid him.

Offline versus Online
When the digital age came, it brought with it some very important auction-like websites that specialize in having items presented and sold exactly like offline auctions. Evidently, offline auctions end much quicker than online ones, since the later can actually last for days with bids flying left and right. As well, it is normally easier to navigate and get information about items up for auction on a nicely organized website. Where the offline auctions get the higher hand is when it is time to finalize the transaction with the exchange of good and money. In an online auction, you need to place trust in the seller to actually send you the item as they will normally wait until they received the money before sending the object to you; such problem does not occur in offline auctions

Techniques
Being Patient
Being patient is a key strategy in both type of auctions, but is probably more prominent in offline auctions, as everyone came with a set amount of money. It is quite possible that inexperienced buyers will be eager to participate in bid wars; waiting is actually quite a good option, if you are patient, you may see a clearer picture.
Sniping
Sniping is a legitimate and quite popular technique used in online auctions. Since online auctions are timed, an eager buyer will be constantly watching over the item. If you bid an amount of money an hour before it ends, the eager buyer will definitely notice and bid higher. Sniping consists of bidding as close to the end as possible; although very frustrating, this technique allows you to bid higher than other buyers and blocks them from outbidding you as by the time the higher bid is noticed, the auction will have ended. Obviously if you are out-snipped, then you will have learned the risks of sniping.
 

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