Finding Hidden Facts Through Sold At Auction History Checks
Posted by admin at 10 June 2015, at 20 : 34 PM
Buying a car at auction can be a great way to get a good deal on a used car and can be an interesting experience in itself. However, when buying a used car, a car that has been previously sold at auction needs to be investigated thoroughly. The reason for this is that many cars which have been sold at auction may have problems that the buyers are not aware of. These can include having had repossession orders granted against them, having been involved in accidents, having been salvaged and sold without this information being made available. A way to discover whether a car has been sold at auction and whether it suffers from any of the problems mentioned is to have a sold at auction history check carried out.
This article will look at what problems a car sold at auction might have, and how to check them out.
If a car has had a repossession order granted against it, you need to make sure that all payments are now settled. The last thing you want is to buy a car and then find it was sold at auction without the payments to the lender being fully made. You may find yourself at the wrong end of a repossession order yourself.
Some cars sold at auction have been in accidents, but the information is never made available to the people bidding at the auction. You might buy one of these cars second-hand and only find out later that the car has serious problems due to the accident it has been involved in. If it has, you might find yourself having to pay hundreds of dollars in repairs.
Even worse is when a salvaged car has been sold at auction. These cars are sometimes insurance write offs and have been rebuilt using parts from various models. If such a car has been sold at auction, the buyer may have had no idea but is now trying to offload a substandard car on you.
For all the reasons above, it may be wise to stay clear of cars that have been sold at auction, and a way to discover if this is so is to carry out a sold at auction history check, usually as part of a general vehicle history check. It is very easy to do a sold at auction history check. You just have to order a car history report from a service provider. You can easily find the service provider on the Internet. These service providers run a thorough sold at auction history check on the car in question. The check brings you all the hidden facts.
The things that are featured in a vehicle history report are the readings on the odometer, the DMV transactions, and the transfer of ownerships and other registered data. Still, the most important information that the vehicle history report will provide you is the serious problems faced by the car in the past. It includes any incidents or occurrences reported to the department of motor vehicles. Details which are reported to the department of motor vehicles include: the damage caused by any collision, tampered odometer, police usage, theft, water, hail and fire damage, and any other repetitive mechanical problems.
Apart from the need to find out any hidden facts which you suspect, the check can be done just to satisfy yourself. There is nothing wrong in a sold at auction history check.
After all, it is your money, and you ought to know about the advantages and disadvantages of your investment. So be smart and run a sold at auction history check on the car you want to buy.