A car auction is the best place to score a used car for a steal because the bids usually start below the car’s market value. And with the advent of online vehicle auction sites like bid or buy South Africa you don’t even have to go to the auction venue. You can simply browse the net, place your bids on your desired second-hand model and have it delivered to your garage. But online auctions suffer the same problems that live auctions do; bidding way over the market value in the zeal to win, losing all bids by offering way below the price tag and getting pure junk that you cannot return or refund. To avoid this and to get the best possible deal on your used vehicle, follow the steps below:
Research Business Site
Like any other domain, bidding domains like We Buy Cars Cape Town will have a terms and conditions page where you can check return and refund policies. Most old car bid sites generally don’t offer any unless specified. They do usually have complaint redressal forums and allow you to leave negative reviews against the business partners which the sellers would want to avoid. Also, check if the platform is Customer Protection Act (CPA) compliant which they should be. CPA guarantees you a warranty of 6 months even if the company does not unless they specifically specify the defects and you still buy it, the car was modified despite the instructions or after the sale.
To be able to quote the right amount you need to know the right amount. Websites like Bid Or Buy South Africa usually give info about the model’s market rate and the opening quote. You can also refer to car valuation platforms on the net. Be sure to check the car’s description for any defects.
Set Your Bidding Budget
Based on these rates you find you can set your max estimates. A few thousand rands above the estimated price should be the absolute maximum and enough to succeed, anything more could be an overkill. A few thousand rands should be set aside for any repairs that the old vehicle will undoubtedly need.
Check Car’s Age & Mileage
Though, you can’t tell the transport’s condition from an online image, you can make a guess by comparing its age and mileage. If it has a very low mileage despite being four years old, it probably breaks down very often. If its mileage is beyond what is normal, it probably broke down due to overuse.
Check Seller’s Rating
Another great way to be sure that you are not buying junk is to check the seller’s ratings. At most websites, this can be checked by going to the business partners’ profile page. Here, you will usually find how other customers have rated the vendor and reviews and complaints against them. Those with more positive reviews are naturally more reliable.
Bid Just The Right Amount
The idea is to bid just enough to win the car, not so much that it becomes a loss even if you win, but not so little that you don’t stand a chance. The key is to stick to the budget you decided during the third step with only the slightest flexibility. For example, if the market price of a used van is 80,000 rands, you set the max offer at 81,000 rands but the current bid is 81,101 rands, then you can bid 81,151 rands but do not exceed 82,000 rands at any cost. Sometimes a few extra rands can help you prevail but those few rands can add up to a huge sum beyond the automotive’s value. 100,000 rands would be too much in the above example.
By following this process you can get a very nice deal at We Buy Cars Cape Town and other such forums. If you still end up with a junk, you are legally guaranteed the right to have the car refunded, repaired or replaced by the seller within six months from purchase and can take up the matter to the court except under the conditions mentioned previously.