Motor auctions can be a fast paced and frantic environment which, alongside the competitive edge involved, can make for an overwhelming experience if it’s your first time. If you’re considering selling a vehicle at auction, it’s a good idea to go along and see how they work before you enter a car for sale.
If you’re selling a vehicle at auction, you don’t necessarily have to attend – although it is still a good idea to go along and take a look beforehand, so you can ensure that you’re marketing your vehicle correctly. When you submit a vehicle into auction, you will be required to complete an entry form. You should always make sure that you describe your vehicle accurately, especially if you are aware of any specific faults with the car. If you do not fill in your entry form correctly, the buyer has the option to query your vehicle description immediately after the motor auction, which could cause problems with your sale. If the motor auction operators feel that your vehicle has not been described fairly, they may request that you negotiate with the buyer in order to cover their costs for fixing the fault.
Selling Your Car At Auction
In preparation for selling your vehicle, you should also make sure that your entry form includes details such as service history, mechanical work done or any other ‘extras’, as these additional details can help to entice buyers. You will also silent auction ideas need to prove ownership in the form of the V5 document and you will need to fill in the vehicle type, engine size, chassis number and its original registration date on your entry form.
Before submitting your vehicle for sale, it’s a good idea to have a look at one of their auction catalogues, so that you can see how other sellers have advertised their vehicles and to get an idea of the correct way to complete your entry. If you’re present at the time of the auction, you will probably be asked to stand by the auctioneer during the sale of your vehicle. This allows the auctioneer to check if you’re prepared to accept a lower price, in the event that your reserve price isn’t met when bidding finishes. The organisers of your motor auction are there to help you, so always bear in mind that you can always ask for advice if there’s anything that you’re unsure off.
It’s worth noting that some motor auction houses will allow you to store your vehicle on their premises if it does not sell at its first motor auction. This will usually incur a fee however, so it’s always best to check with your motor auction house first before you make a decision to keep your unsold vehicle on the premises.