Demystifying the Common Myths Related to Online Salvage Car Auctions Online salvage car auctions are the perfect platform for buyers with the dream to own a car in an affordable way. They also offer a hassle-free solution to individuals to buy their favorite ride without wasting their time in visiting every local dealership. Despite having so many advantages, buyers are apprehensive about purchasing a car from online auction because of many misconceptions that are ruling the industry. Don’t let these myths destroy your dream of owning a fancy BMW or a featurepacked Volkswagen from used cars for sale auction. In this blog post, we reveal the truth behind the most common myths about salvage car auctions.
Myth #1 - Online Auto Auctions are Invite-only Events Truth - Many are unable to understand the difference between invite only and member only events. The reputable auctions ensure that bidding is limited to their members, but anybody can take the membership by signing up for it. Most auction sites ask you to submit contact details, a copy of driver’s license and pay a small amount as security deposit.
Myth #2 - All the Vehicles Up for Bidding have Salvage Title Truth - A common misconception that is ruling the online auto auction industry for long is that all the vehicles up for bidding have salvage title. The truth, however, is that these websites have hundreds of clean title vehicles with some having minor dents and scratches. Auction sites provide VIN of each vehicle under its specifications so that buyers can check the history and title information before bidding for it.
Myth #3 - You Don’t Get Security Deposit Back Truth - If there are no unsettled transactions, all the reputable online auction websites provide complete refund of security deposit. You can speak with the customer service representative for further assistance or raise a request on the website to ask for the refund. Every online bidding site, however, has its own refund policy, so one must check their rules before initiating the process.
Wrapping Up If you want to purchase a vehicle without burning a hole in the pocket, online auction website could be the right place to start your search. A thorough research is, however, required so that you buy a vehicle that meets your requirements and perform optimally in the long run. Make sure that you use a VIN check tool to get a complete history of any vehicle before making the final payment.