With the economy still tight and gas prices on the rise, many drivers are looking to save money on their vehicles. Dealers often buy cars through auctions, as they tend to have the lowest prices for vehicles. However, those who are considering going to a public auction themselves need to proceed at their own risk, according to Edmunds.com.
The automotive research website recently profiled some tips from Steve Lang, a former car auctioneer who knows the ins and outs of the system. While Lang acknowledged that the prices are great, he warned car buyers to learn about the risks before they go.
"This is a world that average car buyers enter at their own peril," said Lang, who has been both an auctioneer and a bidder. "While there are bargains to be had, there’s plenty of potential for disaster, too. If you are not a mechanically inclined person with a keen eye, buying a car at a public auction is not for you."
Lang's advice highlights the importance of auto maintenance when buying or selling a used car. Buyers should ensure that the vehicle is fully inspected by a mechanic they trust, while sellers should take care of any car repairs to ensure they get the best price.