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How Can I Save Thousands when I Buy a Used Car?

By Mike Richards Updated: 05/22/2019 Posted: 07/12/2017

When you’re in the market for a used car, you’re already looking to save money on the purchase of a vehicle. Of course, actually saving that money is much easier said than done. For one, it can often be quite difficult to find the car that you’re looking for. One typically needs to travel to several different dealerships before finding a car that meets one’s needs. Even further, once that car is located, one has to confront a car salesperson, who will always be considerate with his or her bottom line.

Given all that, it can seem almost impossible to save thousands when one buys a used car. However, something has changed in the automotive market that actually does make this a possibility. This change has been brought about by a number of websites that now offer access to dealer auctions online.

Introducing Online Dealer Auto Auctions and Their Benefits

To the savvy consumer, dealer auctions are nothing new. These are auctions that take place around the country every day, wherein dealers can bid on used and salvage cars while paying rock-bottom prices. But, that’s the thing about these auctions. They’ve largely been closed to the general public and only available to licensed dealers.

Online dealer auto auctions have changed this. These websites are able to do so because these online dealer auto auctions list vehicles from certain dealer-only auction houses on their site so that you get access to this inventory at great prices. Because of this, one doesn’t need to get licensed oneself or hire a third-party to bid on one’s behalf.

But, the benefits don’t stop there. By taking dealer auctions online, users of these websites are able to enjoy a level of choice that would’ve once been unthinkable. There are literally thousands of auctions to choose from, encompassing virtually every make and model you can think of. Better yet, this extensive inventory can be browsed without having to leave the home!

Signing Up for Online Dealer Auto Auctions

If you’d like to use online dealer auto auctions to conduct your search for a used car, you’ll find its incredibly easy. These services function in the same manner as any other online retailer with which you might be familiar. To look at what’s available you simply need to create an account.

Should you find what you’re looking for – and you almost definitely will – there’s only one more step you have to take. In order to establish your buying power, you’ll need to make a deposit. In most cases, this deposit will need to be one-tenth of whatever you’d like your maximum bid to be. This can vary, though.

How to Make Informed Bidding and Buying Decisions

With access to dealer auctions and with the level of choice before you, saving thousands of dollars on a used car is easier than you might think. Of course, getting those savings requires making informed bidding decisions. To do this, be sure to thoroughly vet the cars you’d like to bid upon by requesting a vehicle history report. Further, work in conjunction with the auction specialist who’s assigned to you. He or she will understand your needs and what you’re looking for. Because of this, you’ll be pointed in the direction of vehicles upon which you can save thousands!