Motor industry data suggests that there are over 20,000 vehicles sold each week at used car auctions across the UK. Around 10% of that were estimated to have been acquired by private buyers who were eager to walk away with an auction bargain. It’s not such an easy process now though as most auction houses have closed their doors to the general public and the bidding is restricted to trade buyers only.
Even when the public were able to attend; a lot of potential buyers were wary when they first considered purchasing a car through an auction. Many of those concerns stem from worries of buying a ‘lemon’ – having a vehicle with little or no warranty or simply being pushed over their budget by auction traders. Auction houses are fast-paced environments and not for the faint-hearted who can get easily carried away with auction fever.
In this article, we’ll take a look at the benefits of purchasing a used car at auction. We will help you to see the clear benefits of picking up a cheap deal on a nearly-new car and why this should be the right option for you.
There is a Wide Selection at Used Car Auctions
All car auctions will have a great variety of vehicles to choose from. Anything from family cars to commercial vehicles, cars for first-time drivers to electric vehicles, SUVs and classics; there are no limitations.
While the range of vehicles on offer is vast, you may have to make some sacrifices when searching for a bargain. For example, the particular colour of vehicle you prefer or the mileage you initially were looking for. However, the savings against forecourt prices make this a worthwhile process.
Incredible Value
Auctions consist of a lot of cars that are being disposed of by lease companies and finance houses after a customer has finished leasing them or they exercise their right to hand a vehicle back under the terms of a PCP arrangement.
What this means is that you can bid on a car that is nearly new, has already weathered its initial depreciation and drive away without having to pay the extortionate prices that franchise dealers and showroom sellers demand.
Vehicles of this type are typically, well maintained and correctly serviced according to the terms of the lease agreement or finance contract. They are then returned for resale in near mint condition making them an ideal proposition for the second owner.
Many auction buyers report finding deals of up to 30% less than the offers found on used car dealerships across the country.
A Streamlined Process
Unlike at many car dealerships and when searching and purchasing from private sellers; winning a car through an auction actually involves a much quicker and painless process. Some people are intimidated by visiting dealerships and the tactics endorsed by pushy salespeople to sell the car with the obligatory add-ons. When buying privately you may not be getting the accurate reason why the vehicle is being sold. As a result, you could be buying something with a dubious history.
By attaining the need-to-know information such as the make, model, mileage, condition and year of manufacture that you’d like your vehicle to have; we can start the bidding process as soon as you are ready to proceed.
Get in Touch Today to Learn More About Used Car Auctions
We assist in bidding and provide the support you need to buy successfully from the auction; without the need for you to travel across the country.
Thanks to our multiple trade accounts we pay much lower buyers premiums compared to private buyers. We then pass that saving on to you! We scrutinise the cosmetic reports and mechanical reports that accompany each vehicle. Our team can also provide trade price warranties and deliver your car to any location in the UK.
For further information on how our car auction buying service works or how to get started, get in touch with us today.
