Inside UK Car Auctions: How They Work and What You Need to Know! The Car Auction process explained скачать в хорошем качестве

Inside UK Car Auctions: How They Work and What You Need to Know! The Car Auction process explained

The Motor Auction Group guide to UK car auctions, we’ll break down the entire process of buying and selling cars at auction. Whether you're a first-time buyer looking to find yourself a deal, a seller wanting to understand the process, or someone curious about how a car auction operates, this video will give you everything you need to know! What is a Car Auction? Car auctions are a popular and fast-paced way of buying and selling vehicles. In the UK, they offer a wide range of cars, many of these vehicles are from finance houses or trade-in car dealers. While you might be familiar with traditional car dealerships, car auctions provide a completely different experience. At an auction, vehicles are sold to the highest bidder, often at a lower price than what you might expect at a dealership, but the process can be a little more complex. As a typical UK car auction, The Motor Auction Group operate from sites across the UK with car and LCV auctions. We’ll show you how the process works, the rules and regulations, and share tips on how you can make the most out of it, and the mistakes to avoid. How Do Car Auctions Work in the UK? The process of car auctions in the UK is similar to other types of auctions, but with a focus on vehicles. Here's a step-by-step breakdown of what you can expect: Registration: Before you even step foot in the auction hall or register online, you’ll need to sign up with the auction house, register an account at https://www.mag.co.uk - This ensures we know you are a serious bidder and have the funds to back up your bids. You’ll need to provide proof of identity, address, and sometimes a deposit to register. If you're a motor trader you'll also need to show proof of your insurance and business registration. Viewing the Cars: view the cars, it’s your opportunity to check the condition of the vehicle, its mileage, and any potential issues it might have. Bidding: Once the auction begins, the auctioneer will present each car one by one, and bidding will start. Bidders raise their bidding papers or click online to indicate they are willing to pay the current bid price. Auction Fees: It’s important to remember that the bid you place isn’t the final price. Both buyers and sellers usually have to pay additional fees, which can vary depending on the auction house. As a buyer, you may need to pay a buyer’s premium, which is added to the final bid price. That said Motor Auction Group have some of the most competitive buyer and seller fees in the industry. Get in touch with our team to find out more. Payment: Once you've won the auction, you’ll need to settle the payment quickly. Auction houses typically require payment to be made within a short period, usually 24-48 hours. Types of Cars Available at UK Auctions Finance Company or Part Exchange Vehicles: Many cars at auctions come from dealerships, trade-ins or return after being leased. Fleet Cars: Vehicles used by businesses, government bodies, or large companies, often with low mileage and well-maintained service records. Non-runners: While they can be cheaper to buy, they often require substantial investment to bring them back to roadworthy condition. Motor Auction Group have regular non-runner car auction sales. Tips for First-Time Buyers If you’re new to car auctions, it’s essential to do your homework before you start bidding. Some tips to help you navigate the auction process: Do Your Research: Understand the types of cars you’re interested in and know the market value before you attend the auction. Research the makes and models and set a budget for yourself. Set a Maximum Bid: Auctions can be fast-paced, and emotions can run high. It’s easy to get caught up in the excitement, but setting a maximum bid ahead of time can help prevent overspending. Check the Car’s Condition: Check out the cars you’re interested in. Bring a checklist to assess the car’s condition, service history, bodywork, interior, engine, and documentation. Timestamps: 00:00 – Introduction: Welcome to the Motor Auction Group The world of car auctions and what this video will cover. 01:10 – Why Choose Motor Auction Group and meet the team? Why Motor Auction Group stands out, a great choice for buying cars at auction. 03:45 – Some Tips for Buying at a Car Auction Essential tips that will help you make smarter decisions. 06:00 – Mistakes to Avoid at Car Auctions A breakdown of common mistakes and how to avoid them. 08:30 – What You Need to Do in Order to Buy a car at an auction A guide on the steps you need to take to participate in an auction. 11:00 – Inside the Auction Process An in-depth look at how car auctions work. Watch this video again:    • Video   Don’t Forget the Fees: Be sure to ask about the buyer’s premium and any additional costs before you start bidding. Benefits of Buying at Car Auctions Lower Prices, Quick Transactions, Large Choice of Vehicles Register an account and view our car auction at https://www.mag.co.uk