All You Need To Know Before Attending Auto Auctions If you are planning to attend a salvage auto auction, you need to be aware of several things that will come across your way at the time of bidding, and focus on a number of key factors, such as, inspection of vehicles, specific light indications, and the process of bidding on the vehicle of your choice. In this article, we provide an overview of all such essentials you need to be aware of, before proceeding in salvage auto auctions.
Inspecting Vehicles Always start by visually inspecting the vehicle you choose to bid on in salvage auto auctions, and determine whether the quality and condition of its interior, dashboard and seats, and other visible elements, meet your expectations. Check if the trunk, doors, and the hood compartment opens and closes in a proper manner. Start the vehicle’s engine and leave it idle to observe any unusual sound. At the same time, engage the transmission to inspect ‘drive’ and ‘reverse’. Once you are done with the examination, research the market price and compare it with the acquisition price. Always decide your target price before you enter an auto auction. Points to Remember at an Auction There is a specific light system above the auctioneer. Make sure that you observe the type of light that illuminates from time to time and understand what each light signifies in the auction process. Green When the green light illuminates, it means the seller represents the vehicle is sound and subject to all arbitration policies. Red When the red light illuminates, it means the vehicle would be sold mechanically. Yellow When the yellow light illuminates, listen to the announcement made by the auctioneer. The dealer might announce regarding the arbitration deals. Blue When the blue light illuminates, it means the title assigned to the vehicle does not accompany the same. The seller has an approximate time of 30 days to provide an assignable title to the vehicle.