Understanding Vehicle Auctions
Vehicle auctions are a common feature in police auctions, offering buyers the chance to purchase cars which are typically at a lower price than the market rate.
It is essential to note that at police auctions may be unclaimed property, seized due to legal reasons, ex-government fleet vehicles or recovered stolen vehicles.
Consequently, some vehicles may have outstanding finance, been involved in crimes or have other potential issues. This makes it crucial to conduct thorough checks on the vehicle history prior to bidding.
Potential buyers can inspect the vehicles before the auction. It is important for buyers to research and understand the value of the car they are interested in.
However, buying a car at an auction can come with risks. Some vehicles may have been involved in criminal activities, whereas others come with outstanding finance agreements.
Before bidding, it is crucial to conduct an advanced book search, or use online tools such as Google product search to determine if the vehicle has any hidden issues.
To determine outstanding finance, scrappage status, and more, the DVLA provides a vehicle history check service. Services including Experian’s AutoCheck and HPI Check provide full vehicle history reports ideal for researching cars at police auctions.