Used car bargain hunters have long known the vehicles being clear off the books of rental car fleets make attractive targets. As rental cars, they’ve generally been treated well over their lifespan, meaning that there will be little if any post-purchase repairs necessary. Further, these used rental cars for sale will run the gamut in terms of makes and models, meaning it’s eminently possible to find one that will meet your needs and criteria for a vehicle: Camry, Toyota, etc.
However, while cars that was in rent before are an attractive target for the used-car buyer, it’s not always an easy thing to get one’s hands on them. This is because rental car fleets are generally auctioned off in bulk by rental car companies as Hertz and others, rather than being sold to individual buyers. For this reason, you need to know how to use auto dealer auctions if you wish to buy used rental cars. Let’s explore.
In-Person Dealer Auctions for Rental Cars
Dealer auctions are something that take place every day across the country. As a matter of fact, if you were to check local listings, you’d likely find that one’s taking place close to you in the near future. It’s through these auctions that you’ll find some of the rental cars available on the market
However, before you bid on rental cars, drive to the auction site, and try to gain access, there’s something important that you need to know. For the most part, these auctions are dealer auctions, meaning one needs to be licensed as a dealer in order to participate. If you wish, you can hire a licensed broker to bid on your behalf, but the broker fees will cut significantly into the savings you stand to reap.
Online Dealer Auctions for Rental Cars
If your goal is buyind rental cars with warranty, then you’ve definitely got to check out online car auctions. In recent years, a number of websites have cropped up that provide access to certain dealer auctions to ordinary consumers. These websites are offer to their users access by listing vehicles on their site from certain dealer-only auction houses so that you get access to this inventory at great prices.
Using Public Online Car Auction Websites
To get started with one of these websites, you merely need to create an account. This will be no different than setting up an account for any other online retailer. And after you do so, you’ll be able to browse an extensive inventory of vehicles that will include those being auctioned off by rental car companies.
Of course, with such an extensive inventory to sift through, you might need some help! This is why great online car auction sites provide their users with access to auction specialists. Just let this person know that you’re looking for former rental cars, and he or she should be able to identify them for you.
Once you’ve found the cars that meet your needs, there’s only one last thing you need to do. Just make a financing deposit to establish your buying power, and then you can bid on car rental available through the online car auction websites. It’s really as simple as that!