Buying a car in auction is not difficult, its a
very easy process to buy a car in auction, you take part in the bidding, if
your bid is higher then other bidder, you will be the owner of the car, but
there are a few things which is very important both for personal buyer &
private buyers, these things i will discuss below.
Those
Who have My BCA card, it reduce the fees, if you do not have BCA card, you have
to pay normal fees, and pay extra £26 for V5 form to send it to DVLA, the MY BCA
card works, first you will get a Blue card, to get a BCA card, it need a £40
cheque to send to BCA, so they will send you a blue card, the fees on Blue card
is normal, there is no discount on it.
after buying three cars, the card
will update to silver card, the fees on silver card is 75%, after buying 11 car
the car update to Gold, the fees on gold card is intermediate, if you buy a
high price car the fees will be lower if you buy a lower price car the fees
will be higher, to buy a £6000 car on gold card the fees is £160, while the
fees is on a £350 car is £130, it mean buying an expensive car give good
discount, after buying 99 cars the card is update to platinum, the rate of fees
on this card working as business plus buyer fees. The last card is black card,
the rate of fees is minimum, but it only get big trader who buys 500 cars
during in years. One thing is very common in auction, it have some mechanical faults.
Brings some expert, if you want to buy an car, there only a few minutes to
check the car, and its very difficult to know about the car.
There are 19 auction centre across the UK,
you can buy a car everywhere across these centre. The address of these centres
are links,http://www.british-car-auctions.co.uk/,
sign up and you can access all the auction centre and view the car, but if you
do't have an My BCA card, you cannot buy cars on line, you need to go auction
centre and take part in bidding, but before starting the bidding, make a buying
price in mind, and do not higher than that price. Because sometimes the prices
are going higher than the market price, do not buy on higher prices. Make bid
up to the price you think earlier.
buying at auction is good for dealers,
because if any mechanical faults found they can fixed at easily, because they
have their own workshop and they repair these mechanical faults with minimum
cost, and during bidding the know the prices of every car, so their bid always
meaningful.
The dealers know the market price, so they
keep their bid always lower than the market prices. And bid according to market
prices.
