How recently have you purchased a new or used vehicle? Whether it was within the past year or even the past ten years, you know the drill. You head to the different lots, do some comparison shopping, and when you are pretty sure about what you want, you begin to negotiate with the sales person. There is often the need to deal with the financing, registration and other paperwork, and then in a few days or so, you can head to the lot and complete the deal. This is relatively easy, and it might be why you think that an auto dealer auction would not be such a simple way to get a car or truck.
Here’s the thing, as you drive off the lot, that new or even used car is going to lose a substantial amount of “value”. This is because it has been marked up to the market price, plus has the different fees and taxes tacked on. You are paying a serious premium for the convenience of buying off the lot, and yet you could save enormous sums as well as all kinds of time and energy by finding a way to participate in an online auto dealer auction.
What Is an Auto Dealer Auction?
There are a few ways that you might see an auto dealer auction run. There are some that are local and in-person, where licensed dealers alone are able to bid on and buy cars. There are also online auctions in which those same licensed dealers get their pick of the like-new, used or salvage vehicles.
Then, there are premium online auto dealer auction sites that allow you, the non licensed buyer to get your chance at the amazingly affordable cars or trucks available.
While you might already be thinking of reasons that it would be better, wiser and even easier to stick with the classic “off the lot” purchase method, just consider the many benefits of auto dealer auction sites online.
- They save tons of money – It is not usually hundreds, but thousands that can be saved when you buy through an online auction. After all, dealers are buying these cars and then marking them up for sale. If they could not make the kinds of profits needed to remain in business, they wouldn’t buy from the auctions. Imagine buying at the price that they pay even before most buyers see the vehicles!
- They are amazingly convenient – You can, quite literally, buy a car from the comfort of your living room, dining room or bedroom – even in your pajamas. This is because the online dealer auctions are just that – online. You can register your account, put down your deposit and then work with an agent to identify the vehicle you want. They handle the bidding and all of the rest.
- They give you many choices – Lots or dealerships have only their own inventory, and tack on fees for accessing other lots. The choices in dealer auctions are immense, and nothing costs more because it is not currently part of a dealer’s inventory.
There are many reasons to buy at a dealer auction, and you may want to register with a reputable site right away.