How to buy a car at auc­tion

Lesotho Times - - Motoring -

LONDON — De­cem­ber is usu­ally a quiet time for used car sales fol­lowed by an ex­plo­sion of in­ter­est in Jan­uary. This sea­sonal roller-coaster for de­mand af­fects used car prices, which savvy car buy­ers can use to their ad­van­tage.

Buy­ing a used car in De­cem­ber rather than wait­ing un­til Jan­uary could save enough money to cover the cost of Christ­mas, ac­cord­ing to car price anal­y­sis by the UK’s lead­ing in­de­pen­dent ex­perts on car and mo­tor­ing

costs, CAP Au­to­mo­tive.

Make Christ­mas free? CAP crunched the num­bers on how used car prices change at the turn of the year to see whether buy­ing in De­cem­ber rather than wait­ing un­til Jan­uary could re­sult in sav­ings.

Ac­cord­ing to the Bri­tish Money Ad­vi­sory Ser­vice 2013 Christ­mas Survey, UK adults spend an av­er­age the equiv­a­lent of M8779 each cel­e­brat­ing Christ­mas. CAP looked at YOU can make big sav­ings by buy­ing at auc­tion. And you don’t have to be an ex­pert to do so. Of course, buy­ing at auc­tion can be a nervewrack­ing ex­pe­ri­ence. 1. Don’t buy on your first visit If you’ve never been to an auc­tion be­fore, it’s best to sam­ple the at­mos­phere and get a feel for how things work be­fore you get in­volved in any bid­ding. You can also use this op­por­tu­nity to ask ques­tions of auc­tion staff. 2. Do your home­work Search for a par­tic­u­lar make, model or type of car by lo­ca­tion to make sure you’ll find what you’re look­ing for when you ar­rive. 3. Set a bud­get Re­search the go­ing rate for the type of car you’re in­ter­ested in, then set your­self a bud­get. And make sure you fac­tor in buy­ers’ fees, which in­crease with the amount you spend. 4. Go dur­ing the week Most of the auc­tions worth at­tend­ing take place dur­ing the work­ing day, so you might have to take a day off work. 5. Ar­rive early Leave your­self plenty of time to look over the cars you’re in­ter­ested in. Check for any blem­ished body­work, torn in­te­rior trim or crash dam­age. 6. Bring along a friend An ex­tra pair of eyes is al­ways use­ful. And if you don’t have much me­chan­i­cal know-how, make sure those eyes be­long to some­one who does. 7. Check the pa­per­work Ask to see the V5C log­book of any car that you’re in­ter­ested in. And also ask whether the car comes with a ser­vice his­tory or MoT so you can con­firm the name of the seller, their ad­dress and the ve­hi­cle in­for­ma­tion. 8. Check the terms and con­di­tions his­toric used car price changes over the fes­tive pe­riod, to find makes and mod­els that were val­ued at M9000 less in De­cem­ber 2013 than in Jan­uary 2014.

The re­sults showed that act­ing be­fore Christ­mas can ac­tu­ally save car buy­ers enough to make Christ­mas free.

‘Gen­uine sav­ings’ CAP’s re­tail and con­sumer spe­cial­ist, Philip Nothard, ex­plained: “For many of us the

Newspapers in English

Newspapers from Lesotho

© PressReader. All rights reserved.