How To Get A Car From An Auction

Tips for Attending an Auto Auction

It doesn't matter if are bidding on auctions online or in person, it is always advisable to be prepared and informed prior to putting in an auction bid. Take advantage of your upcoming auctions by following these helpful tips.

Explore Other Options

Make some extra time to do some research before going to an auction to ensure you get the best price. It is vital to know the average price of certain cars available. This will be a benchmark against which you can assess each product's ability to compete.

Plan out your budget for spending

Before you start looking for cars, consider the amount you'll spend and what kind of car you're looking to purchase. Make sure you include items like tax and registration costs in your budget estimate to avoid any unpleasant surprises later. You'll also have plenty of time to pay.

Take a friend along

A knowledgeable companion can be beneficial when searching for cars at an auction. They'll not just offer you a greater comprehension of the car's overall state, but they can also spot issues that you may have missed.

Examine The Vehicle

Do not make an offer on a car before having had the opportunity to look it over and discover for yourself if there are any issues that need fixing or parts that require replacement. Before you offer to buy an automobile, you should take an initial look and ask any questions regarding maintenance or any issues.

How To Get A Car From An Auction

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.