You decided to save some money when buying a used car and you are about to go to your first car auction. You are feeling the excitement and anticipating finding your perfect car. There are so thousands of cars to choose from and you start feeling overwhelmed. Do you really know what to expect from used car auctions? Are you aware of the legalities that you must abide by at used car auctions? Most people get in way over there heads at car auctions. If this is your first used car auction, you better do your homework.
Here are a couple of things you should know ahead of time. First, before you go to a public, police or government car auction make sure you have enough funds in your checking account. Please check with individual auctions as some do not accept private checks. All cars purchased at used car auctions must be paid in full. You will also need to have your drivers’ license and some other form of ID to bid on and purchase a used vehicle at the auction. This is also needed to do the title work and Department of Motor Vehicles registration.
Try to get to the auction early to check out the cars that you are interested in. Then, if you can, go to KBB.com and check the wholesale value of the motor vehicle that you are interested in. This way you would have a good idea of how much you should pay when you start bidding on the vehicle. At a car auction, many vehicles have a reserve price. This means that the vehicle has a minimum price it can be bought at. If it is too much, don’t bid on it. Make sure when you do bid that you do not get into a bidding war. Never bid more than you can afford. If a bidding battle begins, just walk away. In a car auction, it is every man or woman for themselves.
Very important, before you even bid on a car or truck that you like to check the Carfax or Auto Check online to see if the vehicle was in an accident. Many cars or trucks at used car auctions may have been previously damaged. A good example of this is in New Orleans, Louisiana and Florida where many cars are damaged by flooding during a hurricane. These vehicles are usually sent to car auctions and the buyers have no idea about the flood damage. Also you may wish to take a mechanic with you to the car auction. A mechanic is a good idea at a public, private or police auction simply because they can see where someone may have tried to conceal any previous damage that the particular vehicle may have incurred.
Remember, at all auto auctions vehicles are sold “as is” and in addition they do not have a warranty. Keep all of these suggestions in mind to protect yourself from a bad investment. You should be able to go to a car auction and get a great deal on a car and cut your costs. With the right frame of mind and the tips listed above, this is can be easily accomplished.
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Q. Why take a ‘driving holiday’?A. A drive holiday gives you the freedom and flexibility to decide on where you travel and what you see and do. You are in charge of how much time you wish to spend at a particular attraction. You have the independence to move around as much or as little as you like. A drive holiday allows you to discover so much more as a car will allow you to drive through the little villages in out of the way places.
Q. How is car rental charged?A. Car rental is based on 24 hour periods and charged accordingly. If you pick up a car at 9am on Thursday and return at 9am the following day, this is one 24 hour period and therefore a one day booking.
Q. Is it cheaper to pre-book my car rental or should I book when I arrive?A. Pre-booking will save you money almost every time! With a wholesaler like DriveAway Holidays, you receive the benefit of our purchasing power. Our prices with the major car rental suppliers are considerably lower than walking in off the street in a foreign country to rent a car. In addition you are pre-paying in Australian dollars so the risk of fluctuations in the currency are reduced.
Q. How does a prepaid rental work?A. The booking is made in advance, paid for and a voucher is issued. The voucher is then used as payment when you go to pick up the car from the supplier.
Q. What additional extras will I have to pay?A. It depends on what the rental covers. DriveAway Holidays in most cases include all mandatory charges, like road taxes or airport surcharges. Many optional charges are applicable such as young or additional drivers, Insurance Excess Reduction or extra equipment like child seats. Be sure to check out rate inclusions – first when you are choosing your vehicle online and when you have made your booking (the inclusions will be on your voucher)
Q. What happens when I pick up the car?A. Present the rental voucher, a valid drivers license and a credit card for a security deposit. Any additional charges will be explained as well as the conditions of the rental. A signature will be required to accept or decline additional charges and to acknowledge that the rental conditions are understood.
Q. What does the supplier do with the renters credit card?A. It varies depending on the supplier – they may freeze a specific amount as a deposit, an imprint may be taken as a deposit or an amount may be charged to cover the security deposit and then refunded on the return of the vehicle. In some instances the bond can be paid in cash – check with the supplier/broker when you book.
Q. Will there be fuel in the vehicle?A. Yes, there should be enough to get you on your way. Different companies have different policies regarding fuel – most will supply a full tank and require the car to be returned with a full tank of fuel, otherwise the renter is charged the difference. Some companies provide minimum fuel and is to returned as the renter wishes.
Q. What is a Pre-Paid Fuel Option?A. Most car rental companies provide a full tank of fuel and will charge you for re-fuelling the vehicle if it is not returned with a full tank. By accepting a Pre-paid fuel option you are agreeing to pay a pre-determined price for fuel regardless of whether you return the vehicle with a full, partially full or empty tank. This means you won’t need to search for a petrol station before you return the car, but there is no refund for any fuel remaining in the tank. Q. Should I check out the condition of the rental car before driving away?A. Yes, it is a good idea to check the vehicle before you leave the depot. Any damage or unusual dents/scratches should be noted on the contract before leaving.
Look out for our 2nd part of car rental FAQs!
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