Yet another tricky thing about auctions is the shill bidding. Shill bidding is the situation when the auctioneers or the sellers , request from people that they know to make fake bids in order to increase the bidding price.
In this article we’ve provided 10 exclusive tips for attending a truck auction. We’ve made these tips for the people that are considering to go on an auction to get more informed about the whole process.
How Truck Auction Works
Truck auctions are a great place to buy trucks and to save money. But you are new to auctions and you don’t know how auctions work? We will provide you with all the necessary information about the process of truck auctions.
First of all as a beginner you should have into consideration that you should do several, deep researches for the auction that you want to attend.
Source: www.rbauction.com
Here are few steps for sucsessful bidding:
- Set a bidding limit and to learn how to bid clearly and quickly. But bidding clearly and quickly is not everything, also at the same time you will have to pay attention to the price changes. By raising your hand you will be able to make a bid , but be aware that once u bid you cannot cancel that. Keep your awareness on a high level, ears and eyes wide open.
- Get early on the place where the auction is going to be held. That is of a special importance because before you bid on something you will have to do inspection of the trucks that you like.
Most of the times on truck auctions you will be able to do only visual inspection, because on those auctions is forbidden to start the engine of the truck and to do a test drive. That is a reason plus to open your eyes wide and to use all the knowledge you have to determine whether that truck is worth bidding for. You get one point of the process how truck auctions work.
