Ask About Documents Before You Begin Your Purchase
It also pays to learn a bit about the auctionhouse presenting the event. Do they guarantee clear title and smog certification? What happens if the title cannot be transferred or located, or the car is not as represented?
I witnessed an extreme example of this situation. A Corvette represented to the crowd…and to long-standing auctionpresenter Rick Cole…by the seller as an ultra-rare 460-hp 427 V-8 powered roadster. The car turned out to be an exceptionally well-done fake. Yes, it was still a real Corvette, but it began life as a more garden variety model and was worth tens-of-thousands less than what it sold for at Cole’s auction. Cole bought the carback on the spot and went after the shady seller. Is the auction house promoting your event willing to do the same? Make sure they are!