Are Car Auctions Cheap

Tips for Attending an Auto Auction

Make sure you are prepared to bid in person or online before you bid at auctions. These tips will enable you to make the most of your next car auction.

Explore Your Options

It is a good idea to research prior to going to an auction to ensure you get the best price. It is important to know the price that certain types of automobiles typically sell on the market. This can help you determine the value on the market for each model.

Plan out your budget for spending

Find out in advance what you're willing to spend and what types of vehicles fall within your budget. It will be possible to pay in time and avoid any surprises by including registration and tax expenses within your budget estimates.

Join A Friend

In the event of viewing cars at an auction it can be helpful to have an experienced companion. You'll have a clearer perception of the car's overall condition and they may be able to detect any problems you didn't notice.

Examine The Vehicle

Don't bid on a car before having had the opportunity to look it over and discover for yourself whether there are any major problems that need fixing or parts that need replacing. Ask for a preview of the vehicle, ask about any maintenance needs, and if you feel that something isn't right then take a mechanic with you before you make an offer.

Are Car Auctions Cheap

Frequently Asked Questions

Public auctions provide no warranties or guarantees. Banks, on average, have the best inventory at the best prices. According to Edmunds, these are the vehicles to look for at public auction. They are usually repossessed cars and trucks that the lender simply needs to sell for a profit in order to make up for losses.

GREEN LIGHT: Indicates that the vehicle is subject to the auction's arbitration provisions. Any vehicle selling for $3,000 or less is sold AS-IS and cannot be arbitrated for any reason other than an odometer or title discrepancy, regardless of the light.

Most of the vehicles auctioned are government surplus vehicles. This happens when different government agencies purchase new vehicles, and they need to dispose of the old ones. Other vehicles in these auctions are also government-seized vehicles that have been confiscated for various reasons.