Most people assume that you can’t get brand new cars at online auctions, and that, at best, you can get a used car just came back from its initial lease and is still only a few years old. That’s because most individuals equate car auctions of any kind, including online ones, with used and not brand new cars.
While it’s true that there are many car auctions, both in-person ones and those that are available online, that specialize in used cars of all types, there are ways to buy new cars at auction. You just need to know the right way to do it.
Enter the Dealer Auction
There are private auctions that are reserved exclusively for individuals and companies that have dealer licenses. A dealer license is a license required to buy cars and then resell them to the public.
While the laws are slightly different from state to state, you can’t run a car dealership in the United States without being licensed to do so. This is a requirement whether you’re a new car dealership or you sell used cars. Additionally, if you’re the owner of an auto body shop or a repair garage that buys totaled vehicles and rebuilds them for resale you’ll also need a dealer license of your own.
The added benefit of having a dealer license is that you’re granted access to these dealer-only auction events. Dealer auctions routinely have brand new cars up for auction at low prices. These auctions are wholesale, so a dealer can then mark up their purchase price at retail in order to make a profit.
How to Get Access to an Online Dealer Auction
Like many public auctions, dealer auctions are also available online. However, you’re still barred from accessing these online auction sites without a dealer license of your own.
This doesn’t mean you’re out of luck, though. There are several companies that offer the use of their own dealer license to place bids as a proxy in your place, giving you access to some of these auctions, as well as full control over which cars or trucks you want to bid on and how much you want to spend, All you need to do is supply your own money to these companies to use for bidding and you get the opportunity to win a bid on that new car you want.
These third-party auction companies can provide you with transportation and shipping services to nearly anywhere, and not just in the United States, If you’re living abroad, many of these companies can arrange for international shipping via container ship or roll-on/roll-off transport ships. All you need to do is pay all the relevant taxes and fees, as well as the cost of shipping itself, and you’ll have your brand new car waiting for you.
Explore our Vehicle Auctions, as well as finding more information about How These Auctions Work.