I hope this works out for you. Junkers that cost what you paid are rarely a good deal. You do realize that jeep you bought is over 30 years old. What's the usual lifespan of an automobile? Like I said, I wish you well with your purchase.
You're not good at math are you?? The engine and the transmission by itself in the jeep is worth about 600 bucks more than I paid for it as they are brand new. I can part it out and make money if I wanted to.
There is a risk at purchasing at the auction but more benefits. The vehicle is paid for. I added it to my insurance policy which added just an additional 55.00 dollars to my 6 month policy....less than 10 bucks a month because I don't need collision with making payments on a vehicle. In addition, its a Jeep Cherokee Sport, so you can drive anywhere with it...in the woods, hills, etc so there are people that will buy it for hunting season.
Best of all, it makes an epic thread on Getbig. I normally would not have purchased this vehicle, usually I get cars like Hondas and Toyotas because I can buy them for about 200 and sell them for a quick turnaround. But if I didn't buy anything, it would have ruined my thread.