Auto Auctions On Tv Today

Tips for Attending an Auto Auction

It doesn't matter if you are bidding online or face-to-face, it is always better to be prepared and informed prior to putting in a bid at an auction. Learn these valuable strategies to get the most of your experience at a car auction.

Explore Your Options

You will get the best bargain if you spend some time researching before you go to an auction. Knowing the median price for certain types of cars available is a good idea. This will enable you to evaluate the market value of each proposition.

Make a budget for your expenditure

Before you start looking for cars, consider how much money and what kind of car you're looking to purchase. Include registration and tax costs in your budget estimations so that you don't have to pay for them later. Also, give yourself enough time for payments.

Have a companion along

If you are looking at cars at an auction it can be helpful to have a knowledgeable companion. A knowledgeable partner will help you to understand the condition of the car and may spot problems that you may not have noticed.

Take a look at the car

Do not make an offer on a car prior to having the chance to examine it and determine for yourself if there are any significant issues that need fixing or parts that require replacement. Get a vehicle preview and inquire about any issues or maintenance requirements If anything appears unnatural or not in your range, get a mechanic with you before offering.

Auto Auctions On Tv Today

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.