Best Auto Auctions

Types of Auto Auctions

It's possible to find the car of your dreams at a price you can pay for by attending a car auction. The first step for preparing for a car auction is to familiarize yourself with the various choices. Different types of auctions come with their own advantages, and it's important to know the different types of auctions.

Dealers are able to purchase and sell vehicles made by a wide range of brands at auctions which are only open to dealers. They are entitled to exclusive benefits, such as extended warranties and vehicle history reports. Public auctions offer vacationers the opportunity to purchase pre-owned automobiles at a cheaper price. They also have the excitement and pleasure of participating in live auctions regardless of where they're located. Government agencies sell vehicles that were confiscated or are otherwise out of compliance with requirements through auctions where the public may purchase the vehicle for a less than the price on the market.

There's a kind of auction that will meet your requirements, so whether you're looking for the perfect car for your family or you want to convert your flipping cars into a profitable venture, you must begin searching for auctions as soon as possible.

Best Auto 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.