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How to Buy Auction Cars for Sale

Date: 06/20/2017 |Category: Car Auctions

If you want to buy auction cars for sale, whether you are shopping at an auction in person or you are going through an online auction site, you need to remember a few things if you want to get a good deal and be happy with your purchase. The following are some simple tips that you can use to make sure you get the deal you deserve.

Know Your Limits

If you are buying auction cars, you need to keep in mind that they are generally not brand new. They might have some repairs that will need to be handled, and you need to know whether you have the capability to take care of those repairs on your own, or if you will be able to afford the cost of a mechanic. You never want to choose auction cars for sale that will be more than you can handle.

Learn About the Vehicle

If you are at an auction in person, you can get an up-close inspection of the vehicle. However, if you are buying online, you can still get a look at the vehicle. The site should have photos of the vehicle, and the might even have videos of the vehicle.

Know the condition of the vehicle and whether it has a salvage title. Even if it has a salvage title, that does not necessarily mean you should pass it by. It could still be a good choice for what you need. Strive to get as much information as you can about the vehicle to make sure that you understand what you are buying and that you are getting a good deal.

Understand the Vehicles Comes “As Is”

When you buy one of the auction cars for sale, it comes as is, meaning you do not get a warranty for the vehicle. This is why you need to be so careful about getting as much information about the vehicle as possible.

The Right Bidding Strategy

The more you know about the vehicle the better your bidding strategy will be. You will know the top value for the vehicle and can determine what you want your top bid to be. Keep in mind that the bidding in auctions can become very competitive.

You never want to get so swept up in the idea of winning that you pay too much for the auction cars for sale. You may want to have someone else do the bidding for you if you believe you might have a problem in that respect.

Watch Other Auctions

Before you start bidding on the auction cars for sale, you should take the time to watch a few other auctions, particularly those that have vehicles similar to what you might want. This way, you can get an idea of what other bidders are doing and the typical going price for certain types of vehicles in various conditions. Watching a few auctions can give you a better idea of how they work.

When you take your time and work with quality auction houses and online auction sites, you have a good chance of finding just the vehicle you need.

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  • User Registration
    • What are the rules regarding new customers and customers not in good standing?
    • Can I just buy one car?
    • I do not have a dealer license; can I bid or buy a car?
    • What information do I need to provide to register?
    • Do I have to pay to register?
    • Do I need to register to bid?
  • 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?