Online Auto Auctions

Advantages of Buying a Car at Auction

A purchase at auction of a vehicle comes with many benefits. It is also more comfortable. Car purchasers have the convenience of looking through a vast range of models and brands all in one location when they attend an auction for cars.

A car auction provides an opportunity to buy vehicles. There's no requirement for price negotiation, unlike when purchasing a car direct from a dealer or private seller. Due to the auction's competitive process and the absence of any overhead costs that come operating an auction house as opposed to operating a traditional dealership with salespeople. The prices are likely to be much lower than the prices purchased at other places. In addition, since most auctions offer warranties on the vehicles they sell potential buyers may be confident in the purchase as they know that they have the option of a replacement should the vehicle they purchased is damaged in the future.

Online 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.