Auto Dealer Auction Tips for Better Buys

By Mike Richards Updated: 05/23/2019 Posted: 04/30/2017

Those who are in the market for a vehicle, whether it is for a graduation present, a first or second car, a work car, or anything else, might want to consider checking out auto dealer auctions to see what types of deals are available. When you buy through an auction, you will typically have a large inventory of vehicles from which you can choose when you are bidding.

In addition, you will find that the prices for these vehicles tend to be quite low. After all, this is where dealers come to increase their used vehicle inventory stock, and they are always seeking low prices.

Choose a Company that Has a Dealer’s License

Of course, as a member of the public, you cannot simply attend the auto dealer’s auction and buy. You need to have someone who has a license and can give you access to certain auctions, and who can act for you when it comes to bidding and buying the vehicle. Online companies today offer this service, and they can let you check out the vehicles that are available, so you can start looking for the ones that seem to suit you the best.

Research the Vehicle

Once you find a few vehicles that look like they might work for you, it is important to check out the condition of the vehicle and the history. In many cases, the vehicles at an auto dealer auction are in decent shape. They are vehicles that have been turned in after a lease or that have been traded. Some of them might have quite a few miles on them, and others might be new or almost new. The types of vehicles available at an auction at any given time can vary quite a bit, so be sure to check them out.

You will also want to check to see what the typical bids are for the types of vehicles you want. Are the buying prices truly going to be a value to you? After all, you want to save money on the cost of a vehicle. When you are buying through an auto dealer auction, you are often competing against dealers. This is a good thing. They like to keep the price of the vehicles low, so they will not throw out high numbers. If the bidding gets too high for them, they often back off.

Pictures Are Not Worth a Thousand Words

Another thing to remember when you are looking at the vehicles is that even though they will have photos, you cannot put all your faith in a picture. Research the vehicle, not just the photos, which often do not tell the entire story. A little research will go a long way.

Now that you know a bit more about how to get good deals when you go through an auction, and why they are such a good option, it is time to look for an auto dealer auction that you can join. Find the vehicle that you want and have your proxy company with the dealer’s license place the bids!

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