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Buying or sell your vehicle at Auto Traders zone Now!

How to bargain for a good price? -- Learn how to bargain for the car you like.

What is a good deal for a used vehicle?

What is a good deal for a used car?

If the car is being bid on only by used car dealers, the chances are good that you will be able to snap up the vehicle at a price at (or very close to) the wholesale price. Car dealers of course want to be able to on sell there purchases at a fair price so they too will only bid up to what they consider a realistic price. The dealers are easy to spot because of the volume of cars they buy.  

Too many people who make the effort to go to an auction looking for a car make the mistake of choosing only one car, one particular vehicle, and that’s bad. This means they may get into a bidding war with someone else interested in the very same car and as a result will pay way too much for their used car and be disappointed, or get the car they wanted and pay too much.

The auction I attended on this day, I had been through the auction catalogue online and determined there were about 6 cars that matched my criteria. I bid on the first three cars without making a purchase, they all sold above my price limit, and once I reach that limit I stop cold (that’s my second rule, set a maximum price and stick to it). As the forth car came up for auction I noticed there was far fewer people bidding, I usually wait before I bother to bid to have a look at who else is interested.

My introduction to the auction process was as a software developer some 15 years ago when many auction houses were computerising their operations. So as a result I spent a lot of time working on the inside and got the low down from experts in the auction industry, which invariably led to my participating on the outside as a bidder.

Before you go to an auction get a copy of the Nada blue book i don't suggest kbb or any consumer blue book, You should be able to borrow a copy from your bank they get them every month so they may loan you one, Try to get the wholesale book which is black this is what a lot of dealers use in dealer auctions. just remember right now is a buyers market take your time and be prepared to walk from the auction with nothing.

Time to call the TIRE RACK at 1-800 428 8355(go ahead and google them -they have a great web site. I ordered a nice set of 16 x 7 Rims with the Tire Pressure Monitoring System (TPMS)to go with a set of 235/60HR16 Michelin Energy MXV4 Plus tires.....these tires are FANTASTIC. They grip a wet road like no other and are standard on BMW 5-series cars. Their load rating is a 98H which exceeds the axle requirements for the Ody, so you are legal. I got 5 tires/rims because we Touring folks have no spare and I wanted a full size.