Online Auto Auctions - By David G. Baker

Internet auto auction web pages are a wonderful method to find an automobile bargain without leaving your computer desk. Every day thousands of car deals are completed by using online auto auction sites. So, if you want to purchase a new car, try an internet auto auction. Plus, an online auto auction site can be a great method of selling your automobile.

Your first task is to find a good and reputable auto auction site online. If you will use the search engine you use most and type in the words “online car auction” you will undoubtedly see many thousands of search results pop up. You will need to be cautious about which online auto auction site you will be using. You can narrow your selection to just a few sites that look promising, or you can check with one of the auction rating sites that you can find through an internet search. It is wise to check rankings on more than one ranking site, as some of them are associated with the auction sites they recommend and get a commission for steering potential customers there.

Selling your car on an online auto auction

Once you have selected the online auto auction site you want to use, determine what services are offered on the site. You will want to learn how many photos of the automobile you may submit, the allowable information which can be submitted and the fee schedule. Some sites offer free advertising, but will require a percentage of the final selling price. Other online auto auction sites will assess advertising fees based on the car’s value or on the length of time the advertisement will be featured.

Some online auto auction companies are willing to purchase your car and sell it later. This method may very well provide less profit that if you had sold the car yourself, but may be worth the money in terms of reduced hassle. If you choose to go this route, the sale is over for you once the auction company has purchased the car.

If you are a car buyer – the rules are pretty much the same. Try to pick up a site that looks respectable enough. Than set a budget and find, the best car within your money frame. Once you have found a few cars, negotiate with the buyer. The fact that this is an online car auction venue does not mean that you have to agree on the first price asked.

With money matters handled it is best to see and test-drive the car before signing up the papers. If this is not possible, than ask for all information that you need to make sure you are really buying a good quality car. It is a good idea to perform a car check as well. Just for additional piece of mind – to make sure that there are no unpaid bills, insurance problems or the car being reported as stolen. The good news is that all these checks can be done online as well.

Creator of www.auctions-here.com, the ebay alternative to matching auction buyers with auction sellers.