You will find a variety of car auction when you come to look for it. There are some reputable ones and then there are those which are not so popular. The reputable will be a good bargain for your money but those not can either be value for money and may not be as well. It goes 50-50.
However, if you are to bid at any of the Japan auction houses, you are bound to get a good deal on your cars. Firstly, they will be at a cheaper price and secondly, all the major brands are Japanese based such as Toyota, Mazda, Isuzu, and Suzuki etc.
There used to be a time when the people refrained from bidding and buying at car auction due to being skeptical about the whole thing. With time people realized that it was one of the most efficient methods of buying your dream car.
So what steps you need to take in order to successfully bid and buy cars at an auction house. First of all, take a pick of your auction house. Our recommendation would be to go for Japanese used cars auction online but the decision is totally up to you.
Now when you have researched and have selected your preferred auction house, make sure you have the auction sheet with you, also called the inspection sheet. This enables you to figure out what is the price of the vehicle and its specifications are. You can get them from the company aka auction house’s website.
It may be that certain auction houses deal in vintage cars but in general, all auction houses deal in any of the used cars out there. Due to the popularity of the auction houses, you will notice that some brick and mortar establishments hold trade only events which call for participants to be VAT registered.
This is done to make sure that used car garages have a steady supply of vehicles. So unless the auction is trade only, you can straightaway engage in the bidding process. Register then, there and get going. But we advise against it since when you have money in your wallet/pocket weighing your pants, you can easily be tempted into buying anything that appeals you.
Therefore, leave the cash at home and move from auction to auction to get a better understanding of how things work before starting to actually bid on a different set of days. However, if you are sure about a car and must make the payment, always keep a cap on what you will be willing to spend so as to stay within the confines of the budget and not exceed it. Lastly, carry out the routine inspection of the car such as technical aspects, car body, and other details.