Gone are the days when you had to carry bundles and bundles of money in your briefcase to go and pay for a car at a dealership or an auction. Besides being cumbersome, it was a risky way of handling money, given that thugs would come for you at any time they felt it was appropriate to do so. With credit cards, financing, and cheques available nowadays, paying for your car at an auction has never been easier and safer.
With these small-pocket-sized cards, you can be walking around with millions of dollars without anyone knowing, not even your closest friend. And credits cards are now accepted all over the world. In fact, you would be hard-pressed to find a single country which has not embraced the use of credit cards.
This option is especially a good choice if you want to buy a car but don’t have money. All you will need to do is to have a good credit score, as this is what will determine whether a financial institution will finance you or not. Typically, the institution will conduct a credit check to know your past loan repayment behaviour.
While some auctioneers will require you to complete payment immediately after you have won a car bid, cheques are still an excellent way to pay for your car at an auction. So, it would be better to obtain a chequebook from your bank just in time before you even head to the auctioneers.
While you don’t have to carry money in your pocket, that does not rule out cash payments. In fact, many people still make huge payments in cash. As long as it is safe for you, you don’t have to shy away from carrying your money to the auctioneer and pay for a car.