Top mistakes to avoid when bidding at Honda Hokkaido auto auction

Top mistakes to avoid when bidding at Honda Hokkaido auto auction

Japanese auto auctions have gained a high popularity over the past years. With a wide variety of options and amazing prices you can purchase your dream vehicle with direct access to auction. There are common mistakes that bidders do so here are few of them you need to avoid to make the most of your investment.

Underprepared
Preparation is everything for winning a bid! This is one of the common mistakes bidders make while taking part in auto auctions. Simply because you are taking part in an online auction, it doesn’t mean you should participate without doing your homework. It is important that you know the details of the auction as well as the vehicles that are available. Its obvious that if you take part in an auction unprepared you will not get the expected results. Before the day of the auction you need to prepare yourself for everything. You need to research on the procedure from deposit payment to settling an agreement and how the payments are going to be made.

Check everywhere!

Check the inventory at the local dealerships because the likelihood that you'll get a decent deal decreases if the car you want is difficult to find on dealer lots. To determine whether the car you want is accessible, speak with several dealers. Instead of going to dealerships, look for private sales where you might be able to fill out an Internet application. You might be able to negotiate a fair price by cutting out the dealer entirely because there are numerous websites that connect buyers and sellers. Consider using an auction site where you can easily browse local and national stocks if you're looking to buy a specific vintage model. To avoid using stock photos, search for vehicles with both.

Do NOT skip the description
The description of the vehicle that you plan to buy will give you all the necessary information. You cannot only learn about the brand, model and the year of the car but you can also figure out the additions, taxes and other specific information. The pricing differences when buying car from Japan. While all information is provided under the about us section as well as the auction catalog, may bidders tend to overlook this area when purchasing from an online auto auction.

Keep your emotions under control
Regardless of the item you are purchasing from an auction site, it is never a good idea to let your emotions get the best of you while placing bids. It helps to keep your emotions under control because you'll be spending a lot of money on the car you'll buy online. This mistake is frequently made by buyers. In the brief moments before the auction bell sounds, buyers frequently make irrational choices, whether it be overpaying in the face of stiff competition or having a severe panic attack. It's easy to spot the bidder at an online car auction that is more motivated to "win" the battle than to practice pragmatism and give up.

Avoid the panic
When the first offer at an auction exceeds the limit, bidders tend to become discouraged. In any instance conducting research in advance saves time as well as effort. Reading all the necessary information about the vehicle and the market value will ensure that you don’t overpay and exceed the market price. This will ensure you don’t overpay for the vehicle than what it is worth in the JDM.

Don’t get caught up!
Avoid making the auction your battlefield because you can easily get caught up in the moment. When your dream vehicle is up for stakes everyone panics and it’s easy to go overboard. As a result a bidding war could be formed, not created in different circumstances. It is recommended to submit very cautious bids because doing otherwise could cause the bidder a great deal of problems. If highly sought-after items are contested, it might cause buyers to act irrationally. In these cases, offers exceed their maximum. Even if you win the lottery in these conditions, you still have to pay. It's essential that you place a bid with a clear goal in mind that you won't later repent.

Ask the correct questions
If you are unclear about something, always ask! The auction house will be able to provide you with the answers you need. Online bidders need to be wary of details. It doesn’t matter if it’s a small details or whether it’s a bigger issue. If you have clarifications, pick up the phone and ask your questions. When you’re making an investment, you have the right to ask any question you want so don’t feel reluctant. No question is too small!

All bids are taken as final!

Whether you are buying car from Japan or any other online auto auction, this is a rule of thumb! Make sure not to submit anything incorrectly because the auction site will consider it as a legitimate bid. Make sure that your bid is a conscious decision so that there are no mistakes made.

Japan Motor Co., Ltd. www.japan-motor.com, having access to all auto auctions in Japan, is an agent for the purchase of used cars, motorcycles, machinery and the provision of export services to anywhere in the world.