A step even before entering into an auction is to figure out what kind of car you want to buy. With a huge, irresistible variety of shinny cars parked in front of you, it’s hard to keep your needs in perspective. You have to narrow down your choices to a few cars which are more attuned to your lifestyle. Before you start fixating on certain group of cars, you have to take a pause and ask yourself some questions which will help you prioritize your needs.
Do you have a big family; need space for both groceries and car seat? Do you prioritize MPG over power or vice versa? Do you want your car to be more catchy or convenient? The time you spend on answering these questions will help you figure out exactly what to look for in an auction. Moreover, it will prevent you from buying a car which seems like a lovely ride but later turns out to be unnecessary luxury or not fulfilling.
The next thing you have to consider is the budget you can spare comfortably for the car. Try looking for a car which has benefits that outweighs the cost you are supposed to spend. e.g. you have a job which has an absolute requirement of a car which can take long routes and saves on mileage. It is wise to invest even a bigger sum of money in such situation because it will save you much more in future. Also keep in mind that a vehicle loses 15-20% of its value in first year. So, avoid borrowing money to pay for something flashy which is significantly going to lose its value in the following years.