December 14, 2007, Newsletter Issue #116: Things To Keep In Mind When Buying Cars Through Car Auctions

Tip of the Week

If you want to get the best deal possible at a car auction, you need to have a very accurate idea of the value of the car that you want to purchase. There are a few major steps that you need to take to analyze the value of the car. First, find out the history of the car. Was it refurbished? repaired? salvaged? Past damage will detract from the car's value. You can look up this information with a car background check service, such as Carfax. Using a resource like the Kelley Bluebook will help you gauge the proper price of the car, as can other pricing publications that are more geared towards auto auctions. Resources like the Black Book and the NADA guide also provide good pricing information.

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