While the idea of an auction is certainly appealing, as you can save quite a bit of money on used cars, you might not want to buy used. However, you do not want to spend a fortune on a brand new vehicle. Are you still able to find new cars through an auction? The answer is … it depends.
What Does the Auction Offer?
First, most of the vehicles at auction are used car for sale in USA, and some of them may have salvage titles. This means that you would need to repair them before you can get a rebuilt title and put them on the road again. It’s about as far away from a new car as you can get, and that’s not what you want. Thankfully, you will be able to find some auctions out there that do offer new car sales.
However, there is a big difference in the type of auction. A public auction is not generally going to have new vehicles, although that could be possible in some very rare instances. In fact, the most you can generally hope to find are nearly new vehicles (Ford, Jeep, Nissan, Toyota (Acura), Honda or Hyundai) at the public auctions, and you can be sure they will go rather quickly.
Besides public auctions there are dealer auctions. They will often have new cars, as well as cars recently traded into a dealer. Yet, there’s a catch. As a non-dealer, you can’t normally take part in these auctions. They are only for those who have dealer licenses.
Working With a Dealer
How do you get around this? It is easier than you might think, and it makes it possible to find new car sales that can help you save quite a bit of money.
You can find a number of dealers that will allow you to become part of these auctions by them acting as your proxy. You will look at the vehicles that interest you and then they will do the bidding on the cars that you like up to your maximum bid. It’s a chance to find a new car at a very good price.
In these auctions, you are typically going to be bidding against other dealers, and that could be a very good thing. The dealers are generally going to want to keep their expenditures as low as possible. You could bid slightly more than the dealer and they may not raise their bid. This means you might be paying slightly more than the wholesale price, but you would be paying far less than if you were to buy directly through a dealer.
Bidding at Auction
If you are going to go this route, though, it pays to know as much about the vehicle as you can before you determine how much your maximum bid will be. You want to know the value of the car based on all of the features it offers. This will provide you with an idea of what the other dealers are generally going to bid on the vehicle, so you can adjust yours accordingly.
Even though you will generally be bidding against other dealers, others out there are using the same tactics as you. These bidders could potentially push the bid too high for you. In those cases, it’s better to stop bidding and start bidding on a different vehicle.
You want to get the best price for the car (Mercedes-benz, Kia, Chrysler, Maseratus, BMW, Infiniti, Lexus or Volkswagen), and if you are not careful, you might get to the point where you are spending too much money and not getting any of the savings you want.
As you can see, it is possible to buy new cars at great prices through an auction. Just make sure you understand the process and that you are working with a good dealer that will not be overcharging you for their services. After all, you are in this so you can save some money. Take the time to really understand just how much you will be spending.
Explore our Vehicle Auctions, as well as finding more information about How These Auctions Work.