Buying Tips

Auctions can be a blast to attend. You can jump into the action of bidding or just sit back and watch the action. Before you start bidding, make sure you know how to get the best deals. Keep the below tips in mind at your next auction.

1. Start out by observing a few auctions

One of the easiest ways to learn about online auctions is by observation. Attend a couple of online auctions with the intention to learn. It will help you get the feel for how things work and be prepared to avoid costly mistakes.

2. Attend the preview (If applicable)
This is the time before some auctions where you are allowed to go on location in person to preview the item(s) being auctioned online..

3. Be Prepared by making sure you know what you are looking at. Reference books and price guides come in handy for research. Doing the legwork prior to bidding, increases the chances that you will pay a fair price at auction.

4. Make sure to learn the auction terminology. Take some time to study word / slang definitions.

5. Read the Auction Catalogue (If applicable)

6. Register on the online auction site

7. Once the bidding begins decide want to bid on and what you want your max budget is for it. Stick to your budget. Don't get excited and end up in a bidding war. You may be sorry when buyer's remorse kicks in.

8. Be sure to read the fine print on Additional Costs. It's common for online auctions to charge a buyer's premium. It is an additional surcharge that the auction site adds to the final price, taxes are calculated after both these are added.

9. After-Sale Bids (If Applicable). Not all auction sites alloow it, however, some do let you contact a seller if their item did not sell to make an offer.

10. Payment And Shipping is very important. Make sure you know the policies before you participate in an auction. If you're purchasing large item, make sure to have a plan for how you'll get it home.

11. Attend Mid-week auction events. Mid-week auction events can be less crowded than weekend auctions. Less competition maight lead to better deals for you.

12. Participate in a variety of auctions sites to get the feel for which one will produce the best deals for what you are looking for. While one online auction site might be closing at high vehicle prices and low electronics prices, another might be completely the opposite in it's closings.

U.S. Salvage Laws By State

When dealing with salvage vehicles its important to understand the salvage laws in your state. Every state has slightly different salvage laws that you need to know. Select the state below you'll be buying your salvage in or registering your salvage vehicle in to find out what laws and processes apply to you.

AlabamaAlaskaArizonaArkansasCalifornia
ColoradoConnecticutDelawareFloridaGeorgia
HawaiiIdahoIllinoisIndianaIowa
KansasKentuckyLouisianaMaineMaryland
MassachusettsMichiganMinnesotaMississippiMissouri
MontanaNebraskaNevadaNew HampshireNew Jersey
New MexicoNew YorkNorth CarolinaNorth DakotaOhio
OklahomaOregonPennsylvaniaRhode IslandSouth Carolina
South DakotaTennesseeTexasUtahVermont
VirginiaWashingtonWashington DCWest VirginiaWisconsin
Wyoming

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