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Are You Ready for a Car Auction? 

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

If you are thinking about buying a car at a car auction, you have to make sure that you have everything in place before you start looking for a vehicle. Fortunately, it is not difficult to prepare and we’ll cover what you need to do in this article.

The Budget

Your budget must include a set amount that you want to spend on your vehicle. However, you have to consider more than just the amount that you will pay for the car at the car auction. You also need to consider the potential repairs that the vehicle might need before you can get a title and register it in your country, as well as get insurance. If you’re an overseas buyer, your budget should also include the costs of exporting the used cars in the USA to your country. This can vary based on where you are located.

Understand the Types of Cars Available

While you will mostly be thinking about the different makes and models of vehicle when you start looking at online car auctions, you also need to think about the types of titles available. Many of them will be salvage titles, but you should not let this scare you away.

You simply need to know the reason that vehicle was declared a salvage vehicle and what repairs it might need in order to be roadworthy again. This will help you determine just how much you should be willing to bid on the vehicle. If you find out that the car is unlikely to be repaired and become roadworthy, skip it unless you are simply looking for parts.

Getting Help with the Auction

Also, consider the benefits of working with a third party dealer to buy your vehicle at the car auction. Dealers are able to access auctions that non-dealers are unable to attend, which means they have access to even more vehicles. If you are from Europe or the Middle East, you won’t be able to attend these auctions in person. Working with a company that can give you virtual access to the vehicles online may be a good solution for you. These companies can take care of the bidding and even export the vehicle to you after you purchase it.

You should not rush blindly into a car auction. Take the advice in this article, prepare for the auction, and you will find that getting a great vehicle through a car auction is not as difficult as some people might think.

Explore our Vehicle Auctions, as well as finding more information about How These Auctions Work.

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  • 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?