Off Road Podcast Episode 195 - Buying From A Vehicle Auction

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Welcome to the Off Road Podcast. I'm your host, Ben. Today we will be exploring the off road world-- whether you like crawling up rock ledges or enjoy exploring the backroads with your family. Stay with us to find out events in your area, off road news, and topics to interest every guy & girl who craves the outdoors as seen through the windshield. I am here with my co-hosts Jeremy and Steve! How’s everyone doing?

Anyone done anything exciting?

  • Ben - recovering from being hurt catching up on house stuff other than that i've been working working on getting sponsors for our upcoming charity show

  • Steve -  been busy hunting, and fixing pile of crap trailers

  • Jeremy - Went and saw a bike. Didn’t buy it.  Other than that, nothing. Haven’t even sprayed the mud off my rig

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Events!

Bring your Jeeps, Jalopies, Toyotas, mall crawler's and any other dirt bound rig to our first ever Charity Off Road Car Show presented by the Off Road Podcast.  Entry is free and we will be holding a raffle.  Raffle tickets will be purchased by donating a toy and/or bag of food valued at $10 or more. A donation will get you one entry into our raffle (one raffle ticket per charity) although you are welcome to donate more.  Donations will benefit Toys for Tots and Northwest Harvest. Let's fill some hungry mouths and put some toys under those trees for the holidays! The event will be held on November 17th from 10am to 2pm at the Immanuel Lutheran Church in Puyallup, WA.  We will be announcing the raffle list as we get closer to the event. Full details are located on our facebook events page.

Giveaway:

Want to win a free Colby Valve Emergency 2 -Pack? Well here is your chance.  Leave an iTunes review and send us an email letting us know at offroadpodcast@gmail.com! Don’t forget to include your Itunes username in the email.  We will be picking the winner on November 4th.

Mini Product review!

Patriot Patch Company

patriotpatch.co go check out their selection of great patches and shirts (join the patch of the month club for 15 dollars a month and receive a patch and matching sticker every month).  Also, check out their new WWII patches. They got a B17 Bomber, Willy's Jeep, & a Sherman Tank.

Main Topic -

So you want to buy a car from an auction.

  • You need to find an auction that's close to you. And will sell to a private party.

  • Rules for buying at an auction. What are their guidelines and bidding rules.  

  • Fees and taxes.  What fees will be due at time of sale, what taxes will you need to pay.  Out of state taxes.

  • Pick up procedures.  How long do you have to pick up the car before they start charging you storage fees?

  • Salvage title or a clean title?  What's it take to legally get a salvage title car back on the road?  Are you buying it to flip it? Or drive it. Be aware of bank requirements when borrowing money against a car with salvage title. What about you're insurance? What do they insure with a salvage title?

  • What kind of vehicle do you want/need.  Do as much research as possible on your particular vehicle before buying.  How many years do the major parts interchange? This is important, because the fewer the years for interchange on major parts, the more desirable, or expensive the vehicle will likely be, and the parts will be more expensive.

  • Spend some time checking your local buy sell ads to make sure you really understand the fair market value of the vehicle in good condition.

  • Get some estimates on worst case scenario repairs. What's the most it will cost to get the care into the condition you want.  This is very important. You don't want to overspend at the auction. You need to know what the repairs will cost and what the fair market value will be so you know how much to spend.  Don't forget auction fees, taxes, and delivery.

  • If you can't physically go look at it, and you need it to have a good motor or tranny, have it inspected.  Make sure your inspector will pay close attention to the details that concern you. If you go to inspect it make sure you take everything with you that you might need.  Extra oil, jump pack, fuel, and anything else you think you will need. They likely won't let you drive in their yard, so be prepared to pack your stuff.

  • Watch a couple auctions before your auction comes up. Get a feel for how if works. You don't want to lose because you were not prepared.

  •  When your auction is scheduled, block out that time so you can devote that time just to the auction.

  •  Don't get caught up in the bidding. It's really hard not to, but if you have a budget and a plan, it will be easy to walk away from it if the bidding goes to high. Realize that there will be another one sooner or later, don't get emotionally involved or attached.

  • Reserve vs pure sale vs buy it now.

  • Insurance vs private seller.  Is there a little know vehicle that has what you need, but is cheaper because its it's not as popular?  

<amazon and patriot patch> Don't Forget to visit Patriot Patch and join the patch of the month club. Consider our monthly pledge to help support the Off Road Podcast. Remember to use our Amazon affiliate link for all your Amazon shopping needs.and if you need help navigating the way check out our gaia gps affiliate link.  

Also thank you warn Industries

Closing Statements


We are a proud part of the firearms radio network. firearmsradio.tv your one stop shop for your firearms radio entertainment.  Please leave us some feedback at offroadpodcast@gmail.com also leave us some comments on itunes, our web page or on your podcatcher app to help promote the show. Full show notes available at firearmsradio.tv/the-off-road-podcast/195 Don't forget to visit our facebook facebook.com/offroadpodcast our Instagram @offroadpodcast or our Youtube. And always, when offroad please remember be smart, courteous, alert, safe and as always have fun & tread lightly, And thank you for listening.