I love auctions. The crowds, the chant, the bright lights, the bids. We all know it’s easy to get caught up in the excitment and emotions. So what do we really need to focus on? Here are a few tips when buying a classic car or any vehicle at auction.
1. Buy the one you want with the equipment, engine, color, options and history that you want. If you settle for something else, chances are you’ll find the one you want next month. Then you’ll find it may be harder to sell your initial purchase than it was to buy.
2. Buy the one with documentation. When was it restored, who restored it, what was done at that time, what was it originally before it was restored?
3. Look at the title before you buy it. This may tell you the motivation of the seller and can help you price your purchase.
4. Have someone look at it for you or with you. Love is blind. We all know that. Let someone look at the car from a more objective point of view. A pre purchase inspection could save you from making a big mistake or help you buy with more confidence.