Flash Auctions
Try out our new feature. Be fast. Save Big!

Are Auction Car Prices Always Low? 

Date: 10/19/2015 |Category: Car Auctions

When most people think about vehicle auctions, they imagine very inexpensive prices. While this could happen, the prices aren’t always quite as low as you might think. Auction car prices can vary, depending on a number of different factors. Therefore, you need to know what can cause this fluctuation when you are getting ready to buy.

The Type of Vehicle

One of the first things that you need to remember with auctions is that they have many different types of vehicles. Some will have the cars that you will regularly see on the lots, such as Corollas, Civics, and the like. However, there may also be some classic cars and some exotic sports cars in these auctions. Naturally, the auction car prices will vary when you compare a 2012 Ferrari and a 2012 Corolla. You need to know the type of vehicle you are considering and then start looking up some of the average auction prices for which those vehicles sold.

The Condition of the Vehicle

You will also need to think about the condition of the vehicle. Auction car prices are greatly affected by this. A vehicle that is in nearly new condition is certainly going to be priced higher than a vehicle that has a salvage title. This is something you could use to your advantage. Just because a car has a salvage title, it does not mean you shouldn’t consider buying it. As long as it is not to be sold only for parts, you can check to determine just how expensive the repairs will be. Many times, even when you add in the repair cost so you can get a rebuilt title, it is cheaper than buying other vehicles.

Perceived Value

Auction car prices will also vary based on how many people actually want to buy the car. In an auction, people will bid on the vehicle they want. When more than one person wants to buy it, they will raise the bids. This pushes the potential price of the car higher. When people get into a bidding war over a car or truck, the price can rise quickly. As a smart consumer, it is your job to know when the price gets to the point that it no longer makes financial sense to keep bidding. Know when to stop bidding, and you will find that it is much easier to ensure the auction car prices you get are as low as possible.

Of course, for many people, this is easier said than done. They find a vehicle that they really like and think that they should own. They end up bidding and spending too much and may regret it later. A good way to stop this from happening is to find several cars that you like. If bidding on one doesn’t work out for you, just start bidding on the next vehicle in line. Try your best to keep emotions out of the equation.

After the Auction Fees

Something else that you need to keep in mind when it comes to car auction prices is that the final bidding price is not the only thing that you will be paying. You also have to pay fees to the auction house, as well as fees to a dealer if you ended up going through a third party proxy to help with the bidding. You may also need to pay to ship the vehicle to you. It is a good idea to take the time to research these fees beforehand and factor them into your budget. This way, you know exactly what you are spending.

Find information on Rebuilt Title Laws for Each US State. Explore our Vehicle Auctions and find information on Buying With Us.

Auto Auction Specialist Used car expert The largest salvage & insurance vehicle auction marketplace online.
Bid on over 200,000 vehicles for sale right now.
1-800-680-8010

Ready to get started?

Register a free user account and start bidding on your dream car right now!

Sign up for free

Unfortunately we are not in the office right now

Let us call you back during our business hours

Thank you!
We will contact you on:

{{cbTime}}am {{cbWeekday}}

{{phoneNumber}}

Ok, got it!
We speak your language:
English, Spanish, Portugeese and Russian
< Back
  • User Registration
    • Do I need to register to bid?
    • Do I have to pay to register?
    • What information do I need to provide to register?
    • What are the rules regarding new customers and customers not in good standing?
    • I do not have a dealer license; can I bid or buy a car?
    • Can I just buy one car?
  • Auction Process
    • Do you offer live bidding?
    • What is the difference between, “auction” car, and a “buy now” car?
    • What is a Reserve Price?
    • What does the bid amount include?
    • How does the auction process work?
  • Deposits and Pre-Bidding
    • Is the security deposit refundable?
    • How do international customers make a deposit in their account?
    • How does the security deposit process work?
    • Can I cancel a bid?
    • Can I inspect vehicles prior to auction?
    • Is automatic bidding or pre-bidding available?
    • What is the total bidding amount?
    • What is a bid in active status?
    • What is a bid in pending status?
    • What is the best way to win an auction?
    • How do I search for a car available at auction?
    • How does the auction process work?
  • Post-Auction and Payments
    • What does a customer need to do to get the title to a vehicle?
    • How do I pick up the car I purchased?
    • Are there storage fees if I cannot pick up my vehicle immediately?
    • Do you Issue Temporary Plates?
    • Can I pay in cash?
    • Are there late payment penalties?
    • What are the payment terms?
    • How do I pay for an auction?
    • What if I fail to may a payment as required?
    • When is the balance due on a purchase?
    • When will I be notified of the results of the auction?
    • Bidding has ended. Is my bid the highest?
    • Why did I receive notice after bidding ended that my bid is no longer the highest?
  • Shipping and Delivery
    • How will it be mailed to me?
    • When will I receive the title?
    • Can I have the title mailed to an address/name different from the address/name on my account?
    • I have an agent working on my behalf can this person pick up my vehicle?
    • Do you offer delivery?
    • When can I pick up a car I have won at auction?
  • Understanding Salvage Titles
    • What is NMVTIS and how is it used?
    • Understanding the salvage title/rebuilt title distinction
    • What are the different types of titles a vehicle may have?
    • I received a different type of title than the one in the description. I received an equivalent title from a different state. Why?