If you have been thinking about buying a vehicle at auction and you’ve been doing even a little bit of research, you’ve probably learned that there are a number of different types of auctions available. Public auctions, both in person and online, are open to anyone, and this is how many people buy their cars and trucks.
However, you may have heard about a car dealer auction as well, and you have probably heard that you can’t participate since you do not have a dealer’s license. This is true, unfortunately. However, there is a way around this so you can get in on all of the same action as the dealers.
Working With a Dealer
Even though you will not be able to have direct access to the auction since you aren’t a dealer, you can work with a dealer and have them act on your behalf in the auction. For a fee, you will be able to see all the vehicles in the auction, get information on the cars so you know whether they are worth bidding on and if they are within your budget, just as you would with other auctions.
However, instead of bidding on them yourself, you can direct the dealer, who acts as a surrogate, and they will be able to place bids for you. You can determine the maximum amount you want to bid, and they will bid up to that amount. It’s actually a great way to ensure you don’t get in over your head in a bidding war, as often happens with public auctions when people go head to head.
Working with dealers is actually very easy, and often you will find that they can help you with your buying and bidding decisions, making it as easy as possible for you.
What Are the Benefits?
Why would you even want to go to the trouble of getting in a car dealer auction? Well, there are actually several reasons. First, it gives you access to vehicles that you would not be able to buy otherwise. More variety when you are searching for a vehicle is always a good thing.
A car dealer auction is typically for dealerships to add stock to their inventory, and this means that the vehicles at these auctions are often of higher quality than what you might find at a small, local public auction.
In some cases, the vehicles at the car dealer auction have been recently traded in, or they are near new. Sometimes, the vehicles are actually brand new, and you might be able to find them at wholesale prices.
Buying through a car dealer auction is easier when you have someone taking care of most of the work for you. As long as you are able to find and research the vehicles that you like, the rest is simple and that’s a huge benefit to those who like the idea of an auction but who do not want to deal with the hassle.
This, however, does not mean that you will always be able to find the car of your dreams and get it at an unbelievably low price. You may not be able to find a suitable vehicle even through a car dealer auction. Also, you might find that others bidding on the vehicle put it out of your price range. However, these types of auctions will increase your chance of finding a great vehicle that you can drive for years to come.