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How Foreigners Can Save Thousands by Bidding in US Dealer Auto Auctions

Date: 07/19/2017 |Category: Exporting Cars

No matter where you live in the world, purchasing a vehicle is always an expensive proposition. For this reason, consumers across the globe are always looking for the best means of saving money when buying a used car.

For international buyers, there’s something taking place in the United States that could work quite well. In recent years, dealer auctions have been opened up to the general public through online websites. These auctions allow those who participate in them to literally save thousands on the purchase of used, salvage and like-new vehicles.

Online Dealer Auto Auctions Are Open to Everyone

But, these online dealer auto auctions aren’t just open to those who live in the United States. In fact, anyone with an Internet connection can begin using one of these websites today!

International buyers from countries across the globe have begun using dealer auctions in the United States to purchase vehicles. They’ve found that even after shipping, duties and taxes, they’re still spending less than they would have had they purchased the same cars in their own countries!

How Online Dealer Auto Auctions Can Save You Money

You may wonder how it’s possible for dealer auctions to save consumers so much money. Consider the following. When a used car dealership needs to stock its inventory, it will often turn to auctions. What the dealership purchases through an auction will then be resold to consumers at a considerable markup.

The size of that markup is the kind of savings that one can expect to enjoy when using online dealer auto auctions. Of course, in order for those savings to make sense for an international buyer, there’s an important thing to consider…

It Comes Down to Your Country’s Duties and Taxes

Every country has different duties and taxes that pertain to used and salvage vehicles. Before you begin using online dealer auto auctions to buy a car, be sure to consult with your country’s customs authority. You will want to gain an understanding of what the duties and taxes are, as well as how they are assessed on vehicles.

Most notably, be sure to research whether or not your country uses CIF, which factors in the value of the vehicle plus the cost of shipping and shipping insurance. If your country does use CIF, then you’ll necessarily want to keep your shipping expenses as low as possible.

Getting Started with Online Dealer Auctions in the U.S. Today

In order to decide whether or not online dealer auctions in the U.S. make sense in your circumstance, you have to try them out. Getting started with any of these websites is incredibly simple, only requiring that you create an account. From there, you can begin browsing the thousands of cars available.

If you find vehicles that match your criteria, then all you need to do is make a deposit in order to start bidding. That’s it! So, if you want to save thousands on used cars, then look into what it will take to import cars from dealer auctions in the U.S. today!

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  • User Registration
    • What are the rules regarding new customers and customers not in good standing?
    • Can I just buy one car?
    • I do not have a dealer license; can I bid or buy a car?
    • What information do I need to provide to register?
    • Do I have to pay to register?
    • Do I need to register to bid?
  • Auction Process
    • Do you offer live bidding?
    • What is the difference between, “auction” car, and a “buy now” car?
    • What is a Reserve Price?
    • What does the bid amount include?
    • How does the auction process work?
  • Deposits and Pre-Bidding
    • Is the security deposit refundable?
    • How do international customers make a deposit in their account?
    • How does the security deposit process work?
    • Can I cancel a bid?
    • Can I inspect vehicles prior to auction?
    • Is automatic bidding or pre-bidding available?
    • What is the total bidding amount?
    • What is a bid in active status?
    • What is a bid in pending status?
    • What is the best way to win an auction?
    • How do I search for a car available at auction?
    • How does the auction process work?
  • Post-Auction and Payments
    • What does a customer need to do to get the title to a vehicle?
    • How do I pick up the car I purchased?
    • Are there storage fees if I cannot pick up my vehicle immediately?
    • Do you Issue Temporary Plates?
    • Can I pay in cash?
    • Are there late payment penalties?
    • What are the payment terms?
    • How do I pay for an auction?
    • What if I fail to may a payment as required?
    • When is the balance due on a purchase?
    • When will I be notified of the results of the auction?
    • Bidding has ended. Is my bid the highest?
    • Why did I receive notice after bidding ended that my bid is no longer the highest?
  • Shipping and Delivery
    • How will it be mailed to me?
    • When will I receive the title?
    • Can I have the title mailed to an address/name different from the address/name on my account?
    • I have an agent working on my behalf can this person pick up my vehicle?
    • Do you offer delivery?
    • When can I pick up a car I have won at auction?
  • Understanding Salvage Titles
    • What is NMVTIS and how is it used?
    • Understanding the salvage title/rebuilt title distinction
    • What are the different types of titles a vehicle may have?
    • I received a different type of title than the one in the description. I received an equivalent title from a different state. Why?