Car auctions can be an exciting way to buy a vehicle at a fraction of the cost, but they also come with their own set of challenges. For inexperienced buyers, it’s easy to fall into common traps that can turn a great deal into a costly mistake. In this guide, we’ll walk you through the five most common car auction mistakes and how to avoid them.
1. Failing to Do Proper Research
One of the biggest mistakes buyers make is turning up at an auction without researching the cars on offer. Each vehicle at auction has its history, and failing to check it can lead to buying a car with hidden faults or outstanding finance.
How to Avoid It:
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Use vehicle history check services before bidding.
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Research market values to ensure you're not overpaying.
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Read the auction catalogue in advance.
2. Getting Caught Up in the Bidding War
The fast-paced environment of a car auction can be thrilling, but emotions can take over, leading to overspending.
How to Avoid It:
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Set a maximum budget before the auction and stick to it.
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Don’t get emotionally attached to a specific car.
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Remember that there will always be other auctions and opportunities.
3. Not Inspecting the Car Thoroughly
Some buyers make the mistake of bidding on a car without inspecting it in person. While auction houses provide basic details, they may not always highlight every issue.
How to Avoid It:
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Attend the pre-auction inspection day.
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Check for obvious damage, rust, and engine issues.
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If possible, bring a mechanic with you.
4. Ignoring Auction Fees and Additional Costs
Many buyers forget to factor in additional costs, such as auction fees, administrative charges, or transportation costs.
How to Avoid It:
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Familiarise yourself with the auction house’s fee structure.
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Include fees and transportation costs in your budget.
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Ask for a full cost breakdown before bidding.
5. Overlooking Paperwork and Legal Checks
Car auctions often sell vehicles ‘as-is’, which means you might inherit unresolved legal or financial issues.
How to Avoid It:
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Verify the car’s ownership and legal status.
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Ensure the car isn’t flagged as stolen or written off.
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Check if there’s outstanding finance attached to the vehicle.
Final Thoughts
Car auctions can be a fantastic way to buy a vehicle at a competitive price, but they require preparation, patience, and vigilance. By avoiding these common mistakes, you’ll be far better equipped to secure a great deal without any nasty surprises.
For more expert tips on buying vehicles at auction, check out our guide 4 reasons to consider buying a car at auction or start browsing cars now on RAW2K online car auctions.
