Auto advice: Buying a car at auction? Here’s what you need to know before bidding

Published on 25 September, 2022

Overview

What research can I do in advance of the auction?

It’s always a good idea to attend a few auctions before you think about buying. This will give you a feel for how auctions work. Read the small print of the terms and conditions of sale too. Do some research on the car or cars you are interested in beforehand and know what each car is worth. Auction houses will generally provide you with a history check and report on the car but, if not, then companies such as Cartell provide a full report for a fee. A full check will tell you if a car has been stolen, has been written off by an insurer, if it is subject to outstanding finance or whether it is a UK import.

What can I find out about the car’s condition?

Check that all the paintwork is consistent on all parts of the car. If it isn’t, the it may have been damaged and repaired cheaply. Under the bonnet, look for any obvious oil or coolant leaks and open all the doors, check the boot and the spare tyre. The interior of a car can also reveal a lot: carpets in particular can show signs of very high mileage. Does the condition tally with the mileage and age of the car? Other tell-tale signs include worn-out upholstery. Windows and locks, wipers, dashboard instruments, pedal condition and door sills should also be checked for signs of wear.

Any tips for bidding at the auction?

You need to get a bidding number before the auction starts. To do this you will need to register and pay a deposit. Always work out how much you want to spend, set a budget and, once the bidding starts, stick to it. Don’t try to outbid a rival bidder as once the hammer falls you must complete the sale. Remember, you will still have to pay for insurance, motor tax and auction fees, so factoring this into your budget is also a good idea.

What extra costs do I need to be aware of at auction?

Check the payment terms of the auction and ask about deposits, commission and extra charges. A deposit is normally required on the day and the full amount must be paid within a day or two.

Top Tip: “Sold as seen” means there is no guarantee of condition or quality so the auction house is not responsible if anything goes wrong. Take someone mechanically minded with you to the auction.

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