December 28, 2007, Newsletter Issue #118: Precautions You Should Take Before A Car Auction

Tip of the Week

Here are some basic precautions you need to take before participating in a car auction. Before heading to the car auction, you should have an open account with a company like Carfax so that you can easily check the backgrounds of the cars in which you are interested. Bring copies of the Kelley Blue Book and the NADA guide to check auto prices. Make sure to notice if all the car's Vehicle Identification Numbers (VINs) match up. If possible, have a friend near a computer that you can reach by cell phone to check the VIN numbers through Carfax. Take care to examine the car itself for signs of past damages. Uneven wear patterns on the tires suggest alignment problems, which may have been caused by previous accidents.

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