Are Cars Auctions

Advantages of Buying a Car at Auction

A car purchased at an auction has many advantages and is much more cost-effective than buying an automobile new. The buyers of cars can take advantage of looking over a wide range of models and brands all in one place at an auction for cars.

One of the biggest advantages when purchasing a vehicle through auction is the absence of having to bargain over prices, which isn't the case for dealerships or private sellers. Due to the auction's competitive procedure and the lack of the overhead costs associated with running an auto auction house as opposed to operating a traditional dealership with salesmen, etc., prices tend to be far cheaper than those that can be bought elsewhere. Buyers can be confident when making a purchase due to the fact that there are numerous auctions that offer warranties on cars.

Are Cars Auctions

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.