Strategy to Buying Car in Auction House

Buying a car in an auction house is not a difficult thing. We even will get a number of benefits. First, the price is more affordable than the market p
Buying a car in an auction house is not a difficult
thing. We even will get a number of benefits.
First, the price is more affordable than the market
price. Second, the auction process is also quick. You can directly bring the
car home after you finish the payment process. “It is different from dealership
system that is more complicated," as quoted from Finansialku.com.
In an auction, there are also many choices. This will
make it easier for buyers to adjust their need with their budget.
IBID is a trusted and populer auction house in Indonesia.
The subsidiary of PT Serasi Autoraya provides many choices of cars on auction.
However, IBID Chief Operation
Officer Daddy Doxa Manurung was rueful over the lack of individual customers in
the auctions. Even
though, according to him, there is a higher chance to get cheaper price than in
used car dealerships.
Thus, people with limited budget have more options.
"I think of auction like a people’s market. There are
many choices of various kinds, of various types, and in various conditions, so
we can match our budget," Daddy explained. (Suara.com, October 25, 2017).
Talking about the disadvantages, because most of the
cars in auction are cars seized or taken forcibly by debt collectors, documents
like vehicle ownership document (BPKB) and vehicle registration document
(STNK) are often still in the hands of the leasing companies
or owners.
For BPKB, IBID promises to help obtain it from the leasing company.
IBID will truthfully disclose the information whether the car has complete
documents.
As cited from Liputan6.com (June 26, 2018), there are several strategies to buying a car in an
auction house, which are:
First, pay
attention to time
Entering the period of Eid al-Fitr, there will be many
demands for cars to be used for homebound trips. However, two to three months
after, customers will start having problem in paying the installment.
It is at this time that the cars will be offered through
auction house.
Second, pay
attention to location
Not every city has an auction house. Auction houses
with large capacity are usually located in Jakarta,
Surabaya, Bandung, and
Semarang.
Third, be
meticulous when choosing
Most of the cars in auction are still in a good
condition. However, there are still some cars that are auctioned in
less-than-good condition. Therefore, you must be very meticulous when choosing.The process of
checking the cars directly is usually held three to five days prior to the
auction day. Use this time to observe.
Fourth, compare
with market price
Find information regarding the market price of the car
you want so you have a benchmark for making bids.
Fifth, pay
attention to other bidders and do not get carried away by desire
The situation during auction may not be conducive
because it is an event where people are scrambling to get things.
Do not lose control because you are afraid that you
will not get your dream car.
Sixth, bring the
car to the repair shop
Quickly bring the car you bought in the auction house
to the repair shop for a more comprehensive inspection with the help of your
trusted mechanic.
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