There will hopefully come a time in your life when you’ve decided to do away with buying used cars. You’ve saved your pennies, you’ve improved your credit, and you’ve committed yourself to buying a brand new car this time.
However, you’ve heard the horror stories. You’ll have to go toe-to-toe with car salesmen, and you’re really not looking forward to it. However, did you know there’s a better way to get yourself a brand new car, and also save lots of money at the same time? There is, and it’s as easy as simply nodding or raising your hand – you just need to attend a car dealer auction.
It’s Not Just for Used Cars
You might be thinking that vehicle auctions are the exclusive realm of used cars and trucks, but you would be wrong. In fact, while there are plenty of used car auctions with vehicles on offer from insurance companies, car dealerships, and even law enforcement agencies in the event of an impounded or seized vehicle, the truth is that there are plenty of new cars being auctioned off every day.
This is doubly true when it comes to wholesale auctions, which are sometimes referred to as dealer auctions. These aren’t called “dealer auctions” because the vehicles are being sold by dealers (though sometimes this is true) but because you have to have a car dealer’s license in order to attend them.
You Don’t Have to Be a Dealer to Get Into a Dealer Auction
Of course, this raises a second question: if you need a dealer’s license to get into a dealer auction, how does this help the average consumer? It turns out it’s not nearly as difficult as you think. One surefire way to get into a dealer auction is to befriend someone who has a car dealer’s license.
You don’t have to be the owner of a massive car dealership with 300 vehicles on the lot in order to get a license. Many smaller operations such as auto body shops and mechanic’s garages also have dealer’s licenses because they often buy junked vehicles, rehabilitate them and re-sell them as part of their business.
This means that if you have a family member or friend that works in this field, you could easily ask them if you could tag along at the next auction and have them bid on a vehicle you like (using your own money of course). You’ll be allowed in with your dealer friend, as dealers are almost always authorized to bring “drivers” with them to drive their winning bids back to their garage or dealership.
Of course, not everyone has someone who is a car dealer in their family. A better option – one that is open to just about everyone – is to make use of a specialized online auction company that has a dealer’s license. This company acts as a go-between for you. You supply them the money to bid on vehicles in your name, and they’ll do their best to win you the new car of your dreams.
Online auctions are also advantageous because you don’t have to be physically present at the auction site and you’ll still get detailed information on all the different cars that are going up on the block soon. In some instances, you might even be able to purchase the car outright before bidding is opened – and you’ll still save quite a bit over the MSRP by buying it at a wholesale price that’s reserved for dealers.
Finally, once you win your bid, these online auction companies will be able to ship your car directly to your driveway. In some cases you can even get a car shipped overseas – all you need to do is pay the shipping costs and pick it up at the port after it clears customs.