GIVE AUC­TIONS A GO!

911 Porsche World - - Market Forces -

Th­ese days car auc­tions want pri­vate buy­ers, to boost busi­ness and also be­cause they are likely to pay 10 to 20 per cent more than traders, hence in­creas­ingly sales are held at the week­end. But are you worried that you’ll come home fro­man auc­tion with a heap of trou­ble?

With some com­mon sense you needn’t be, be­cause auc­tions are far­more user-friendly than be­fore. Buy­ers have solid le­gal rights that re­quire a car to be of mer­chantable qual­ity, or at least hon­estly de­scribed. And youmay even find that a lo­cal auc­tion will give you buy­ing advice – His­torics at Brook­lands, which holds its sales on a Satur­day at the Brook­land-museum next to Mercedes-benz world in Sur­rey, even runs in­for­mal sem­i­nars for auc­tion ‘vir­gins’. Th­ese ex­plain re­serves, es­ti­mates, buy­ing and sell­ing costs, and the best way to bid. Armed with all this, you should get a good buy – just don’t wave to any­one in the auc­tion hall, as that could be ex­pen­sive.

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