Tips for Buying Classic Cars at Auctions (Part 2)

Posted by Steve White on Nov 26, 2012

4) Do Not Believe Everything You See

Some classic car sellers use touchup paint, Bondo, and polish to make their cars look better than they actually are. This is especially true for cars in public auctions. When you are looking at vehicles in a classic car auction, assume that every one of them has a reality distortion field around it.

5) Check the VIN

When you are inspecting a car, write down the VIN at the base of its windshield. Check the number against the VIN on other parts of the car, such as the doors or trunk lid stickers. If the numbers are not the same, it means that the car may have sustained serious damage and undergone major restoration in the past.

6) Observe Other Bidders

Observe the bidding action closely, and keep an eye out for suspicious actions. For instance, there may be people who seem to be bidding on every item, probably just to pump up the prices. It is best that you attend several classic car auctions first before you start making bids.

7) Do Not Get Carried Away While Bidding

When the bidding gets hot, it is hard not to get carried away. However, if you do not make a conscious effort to control yourself, you may end up paying much more than the car is worth. Do not put all your hopes on one car, and stop bidding when the price is too high.

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