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What skills should I atain before attending an insurance auto auction?

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2007-08-08 02:15:58 By Ajit Kumar Verma

By Ankur Kaul:

Everyone likes a brand new car. And the American home is incomplete without more than one car gracing the garage. But for some, a first hand car remains a dream, mostly because of economic reasons. But there is no reason to lose hope. You can always avail of the insurance auto auctions where you can buy your dream car at unbelievably low pieces. When taking part in a car auction, that is buying second hand or probably third hand cars in an insurance auto auction, there are a number of things one should be careful of. • You may think that you are buying a nice used car. But that may not always be the case. Inspect the vehicle closely. Especially the flood damage: look for a well-defined water-mark both inside and outside the car. • Check areas in the car that are difficult to clean. Please make sure that you are not ending up spending all your hard earned money on a car that has been spoilt beyond repair by flood and the seller has just cleaned the exterior and has not done much damage control to repair to the vital car parts. • Look for any water borne material or debris still remaining inside your car. • Be careful when you see new or mismatched upholstery. See if the floor, the ceiling, the door panels, etc have all been replaced. Once you find a car that you seem to fancy, these are some tips that might be of great use to you: • Review the vehicle registration and other relevant papers closely. This will give you not only legal knowledge but also details about the car: exposure to flood damage and etc. • Let a mechanic who you know and can trust inspect the car before you actually sign the car documents. • Please do not rule out paying for an online vehicle history summary. This will help you to condone or nullify your decision to buy the car. • Talk with your insurance agent just in case the agent can check for any possible claimants or the claims history by doing a thorough research on the car identification number. • Talk to your lawyer, show him the car papers and other related documents to ensure that you are not on the wrong side of the legal system by deciding to buy this car.




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