Owning a classic car is certainly a dream of many car enthusiasts but knowing how to find the one which you want will take a lot of research. For most determined buyers, picking a classic car up at an auction is definitely the better option.
One of the reasons that people go to the classic car auctions is that they might be able to get one at a bargain price. The sales also have a great friendly atmosphere and are packed with like-minded enthusiasts.
Advantages of Auctions
The many advantages of going to a classic car auction include the fact that many cars will end up here that have never been in a dealership. Some of the most sought-after vehicles may never be sourced through a dealer but will turn up at an auction instead.
Also, you may be able to find your car at an auction without actually having to go there in person. You can place bids online or via the phone, so, even if you are on the other side of the world, you will be able to find the car that you want. You might also be able to find a great car which has no reserve price on it, or even just a low reserve. This means that if only a couple of potential buyers are interested, you could get a real bargain.
Of course, there are disadvantages too. One of these is that there may be few opportunities to inspect the vehicle before you buy it. You might be able to give it a quick look and listen to the engine, but a full inspection may be out of the question. You also need to be aware of the buyer premiums which are added on to the final price and could hike it by up to 25%.