Quick Answer: Is Buying A Car From Auction A Good Idea?

What a car salesman should not tell?

10 Things You Should Never Say to a Car Salesman“I really love this car”“I don’t know that much about cars”“My trade-in is outside”“I don’t want to get taken to the cleaners”“My credit isn’t that good”“I’m paying cash”“I need to buy a car today”“I need a monthly payment under $350”More items…•.

Why do used car salesmen have a bad reputation?

The salespeople take advantage of their situation, and try selling them a subpar used car with high interest rates. That contributes to the bad rep of these sales people.

Is it bad to buy a red car?

There is no reason to not buy a red car, unless you don’t like the color red. The theory that police go after red cars over any other color is just not founded. There are not statistics to prove that red is more likely to get a ticket than any other color. Buy what you like, but please not black, grey or charcoal.

Is it bad to buy a car that was sold at auction?

The auction itself isn’t anything you should worry about. Dealers sell cars at auction when someone trades in a car they don’t want on the lot. For the most part, new car dealers only want used cars that they can resell quickly, meaning cars that are under a few years old and in good condition.

Why do car dealers rip you off?

When dealers sense hesitation, they’ll sometimes try to force buyers off the fence by telling them that the deal they offered is only good for that day, or that another buyer is interested in the same car. This is their attempt to force you into an emotion-based decision. … There are always more cars and other dealers.

How do you outsmart a car salesman?

20 Ways Every American Can Outsmart Their Car Salesman1 Show up with a good attitude.2 Don’t engage in the waiting game. … 3 Consider leasing before you buy. … 4 Shop for a less popular model. … 5 Try to use your banking rewards programs. … 6 Be sure to check the manufacturer’s website. … 7 It’s better to pay in cash. … More items…•

What used cars NOT to buy?

2007 Chevrolet Colorado. U.S. News Overall Score: 5.5/10 | Predicted Reliability Score: 2/5. … 2008 Dodge Avenger. U.S. News Overall Score: 5.5/10 | Predicted Reliability Score: 2/5. … 2019 Dodge Journey. … 2019 Fiat 500X. … 2019 Mitsubishi Mirage. … 2007 Dodge Caravan. … 2008 GMC Canyon. … 2014 Jeep Patriot.More items…•

Does repossession show on Carfax?

Repossessions do show up on Autocheck and Carfax but do not have any affect on the title. Typically the Autocheck or Carfax will show the date and location that the repossession took place.

Can you make money buying cars at auctions?

Car dealer auctions are open only to those with a dealer license issued by the state. … Buying, modifying and reselling cars bought at car dealer auctions can turn you a tidy profit. But if you only plan on buying cars for yourself, it’s probably best to buy from auctions that are open to the public instead.

How much do dealers get cars for at auction?

Formal Auction Typically, cars are entered by dealers, lease hire companies and manufacturers. With the exception of the occasional old junker, prices start at $3,000, with top-quality cars selling for more than $10,000.

Why car salesman are the worst?

Car dealerships, both on sales and service, are the worst, because their clientele are ill equipped with knowledge. Because their business model is based on a one time sale, not a series of sales over time. … Because their business model is based on a one time sale, not a series of sales over time.

Is it better to buy a car from a large or small dealership?

Greater Selection, More Variety If you would rather have the make and model of car you want in a less common color and a diesel engine upgrade rather than standard gasoline, you are more likely to find that specific vehicle on a lot of a large dealership rather than on the lot of a smaller dealership.

Why would a low mileage car be sold at auction?

Some cars have stayed too long at the dealer’s lot, so they are auctioned off as an alternative option to recoup some of the money invested. The original owners cannot meet up with their payments, so they’re repossessed and auctioned off by financial institutions to recover their money.

How do you beat a car salesman at his own game?

Here are 10 tips for matching or beating salesmen at their own game.Learn dealer buzzwords. … This year’s car at last year’s price. … Working trade-ins and rebates. … Avoid bogus fees. … Use precise figures. … Keep salesmen in the dark on financing. … Use home-field advantage. … The monthly payment trap.More items…•