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For some, the idea of buying a car at an auction might seem overwhelming. It can be complicated and confusing. However, if you conduct your research and go to the auction with a good plan and organized, you might be able to obtain your dream car for less than what you'd pay at an auto dealership.

Auctions at car auctions are a great opportunity to get great prices for certified and preowned cars without having bargain over their cost. Because buyers want to place bids on the cars they're interested in car auctions are rising in popularity. The intense competition results in winning bids that typically are lower than the vehicle's actual value, which saves buyers a significant amount of money.

Auctions can be enjoyable and thrilling ways to shop. There are hundreds of quality vehicles available for sale every day. They could include classic automobiles, luxurious sedans, and imports, based on the area you live. They usually put up ads in advance so buyers know precisely what brand the model, brand, and even the year they'll be purchasing.

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.