Road Cycling - Auction buying?

I was just wondering if someone could give me some input on the best way to buy on online auctions. I'm new to cycling, but would still prefer something light and fast to train with. Is it more economical to get one with a good frame (aluminum,carbon,etc.)with a lot of miles on it & cheaper components? (since it seems like the frame wouldn't ever need replacing like components). Or, do components take precedence? Or, should I only buy new? Any input would be much appreciated. Thanks!

Be very very careful buying from individuals on the internet. There are many that get fooled into items that never arrive or are not what was posted.

Buy from a sopurce that will offer not only service but knowledge. Not many out there can really advise as many of these sales clerks are simply that.

As far as frames try to buy new whenever possible. It may hold a good warranty and this is peace of mind. As far as parts you can save some of the money there on some items.

Konw what you are looking for and track the prices overtime. You will find that on bid day the price will rise dramatically just before closing. Sometimes too high.
Recently, I bought two Bianchi Veloces. I sold one and fixed up the other. Even though they were in very good condition I spent some money to get them the way I wanted.
It will take you much more time to buy from e-bay but you can save money.

I have bought plenty of bikes from e-bay and have always had good success.

HINTS:

1) Know the type of merchandise you are buying so that you can notice if there are any discrepancies in the items on the auction.

2) Ask the seller questions. They are usually as eager for you to be happy as you are eager to be happy with the transaction.

3) Wait to the last minute before starting to bid to keep the price down and keep interest away from other bidders.

4) Know the value of the items you want to buy and don't bid over that amount

5) Remember that you will also have to pay for shipping. The cost for most bikes shipped from and to a location in the lower 48 states in the USA will be between $30.00 to $40.00. Some sellers charge for shipping preparation. Ask before you bid. I don't buy from sellers who charge for shipping preparation. If you are buying an especially valuable bike, you might chose to pay to have it packaged by a professional and this would cost more, of course.

Mike