Everyone has a dream car they have always wished to own. However, the realities of life mean that it can be hard for most people to own top-of-the-range vehicles they have always admired. It isn’t easy to raise $200k or more to buy a car, even with financing. However, you don’t have to feel bad about it, as there are hacks to owning your dream car at an affordable price. This article examines where and how to win and get your dream car at the lowest price possible.
Where to Get Your Dream Car
If you want to get your dream car at the lowest price possible, buy at an auction event online like A Better Bid. With this action, you are the one that sets your price, provided you put the price above the minimum bid. At A Better Bid, you will notice that the minimum bid is usually relatively low, allowing you to buy a high-end luxury car at a lower price.
However, even at auctions, it is essential to remember that you are not the only one eyeing the car. As such, the price could rise significantly as potential buyers struggle to outbid each other. You don’t have to worry, though. Here are a few hacks on winning and getting your dream car at a good price.
Bid on Damaged but Repairable Cars
One of the best ways to get your dream car at a competitive price during an auction is to bid on damaged but repairable cars. These vehicles will have some damage, but can easily be repaired without a significant dent in your pocket. Damaged cars tend to be cheaper because many people don’t want the hassle that comes with having to repair a car before they drive it. Most want a buy-and-drive car. Interestingly, many times these dents are usually minor and can be repaired easily. If you have an eye for cars and understand the difference between a repairable car and a repair money pit, you can easily win a high-quality car at a low price.
Sometimes, with good repairs, you can even resell the car at a higher price, getting a good return on your investment.
Bid Higher Than Everyone Else
You will notice that many cars at auction are already priced much lower than their market value. For instance, you can find a high-end sports car that would cost $150k in the market, with a starting bid as low as $30k. To win such a car, don’t try and low bid like everyone else. Instead, place higher bids than everyone else, without surpassing your max budget. The bid may be higher, but since the car is already lowly priced, you will still get the car at a reasonable price if you win the bid. This is easily the best way to win a top-of-the-range car at a competitive price.
Do Some Background Research Besides Car Aesthetics
Like in every other market, the price at a car auction is determined by demand and supply. When so many people want a particular car, the bid price will shoot up, which might affect your bid.
To get value for your money, do thorough research on cars, things like horsepower, maintenance costs, and other important features. You will realize that there are many powerful and luxurious cars that people overlook while chasing brand names. Since such vehicles are likely to attract few bids, you stand to get a good machine at a low price.
It is possible to get a high-quality car at a low price. All you need is to avoid following the crowd. For instance, you can opt to bid for damaged but repairable cars and also do your research to look at vehicles beyond the aesthetics. Also, once you find a car, bid at a price that will likely beat everyone else.