How many types of online auto auctions are there? What is the scam risk with online auto auctions? Are there vehicle reports where to check the history of a car for sale at an online auto auction? These are but a few of the questions that are most frequently asked when you want to buy a car online.
There are free online auto auctions, where you can bid and have the car checked once the auction is over. Web sites specialized in car auctions are just intermediaries, if your bid wins, it is between the two parties involved to close the deal and write the contract. Usually, you can examine the car in daylight before purchase.
Then there are the salvaged cars online auto auctions, where you can buy reconditioned cars that have been recuperated from a flood, a car crash or a fire. Very often, behind such cars lie big scams, that you’d better do some research before going to a car auction.
First you should be suspicious when the price of the car is too low, and when you can track no precise history record. So, when you go to an online auto auction make sure you buy the car below the fair market value, otherwise you’d better go and buy it from the...
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