Q:

Is buying a car for sale at an auction a good way to save money?

A:

Quick Answer

Buying a car at an auction is a good way to save money, provided a buyer stays informed and avoids purchasing a defective or overpriced car. Find out about the organizations that have consigned for an auction, and avoid independent dealers that prey on the uninformed.

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Full Answer

Researching a car’s history on sites such as Carfax, and vetting its suitability, helps you avoid troublesome cars. Assess the car and its previous owner to determine its level of maintenance and possible red flags. Have a set price limit for the car in mind to avoid being drawn into the drama of an auction and placing a high bid.

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