Auto Auction Buyers Guide

Types of Auto Auctions

It's possible to find the car you've always wanted at a cost you can afford by attending an auction for cars. However, familiarizing oneself with the different auction options is the first step towards getting ready for an auction. There are a myriad of car auctions, each with their distinct benefits. It is essential to be aware of each.

Dealers in autos can buy and sell vehicles from numerous manufacturers at auctions that are only for dealers. Dealer-only benefits such as extended warranties and vehicle history reports. Auctions for public auctions give vacationers the chance to purchase used vehicles at a lower price. They also enjoy the enjoyment and thrill of taking part in live auctions regardless of where they're situated. Government agencies offer vehicles that were removed or are in violation of compliance with requirements in auctions in which the public can purchase the vehicle at a less than the price on the market.

There are many auctions to fulfill your needs. Therefore, whether you're looking for the ideal car for your family or if you want to earn money by flipping cars and cars, you can start looking for auctions.

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Frequently Asked Questions

Are auction cars risky?

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.

What does green light mean at a car auction?

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.

Where do cars from auctions come from?

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.