When leased vehicles come back to the dealer, the dealer has a disposal problem if the leaseholder doesn’t want to buy the car. The problem is that the vehicle sits on the lot and continues to depreciate. For that reason, dealers often choose to dispose of this unwanted asset at auction. When that happens, people looking to buy a nearly-new vehicle at a low price can benefit greatly. You can buy directly from an auction in person, or buy your end-of-lease car from an online auction.
Auctions Aren’t for Everyone
Some people love the excitement of a car auction – vehicle after vehicle, delivered in lane after lane, and fast, furious bidding. Other people don’t like screaming crowds and the smell of exhaust. If you’re the type of person who hates crowds and doesn’t like a lot of noise, you might prefer not to attend a “real life” car auction. If that’s the case, then an online auction might be the perfect solution.
On the other hand, some people have trouble handling stress of any kind. If that sounds like you, but you’d still like to get a great deal on an end of lease car at auction, you might want to consider using a proxy bidding company. It’s easy, and you can get a great deal.
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- How to Lease a New Car
- Should I Use a Proxy Bidder at a Car Auction?
Buying Your End-of-Lease Car from an Online Auction
A proxy bidder holds a dealer license, so you’re not limited to the offerings that are available only to the general public. That means that you’re not limited to bidding on salvage or used cars. You can have your proxy bid on a lease buyback, or even a new car, on your behalf. You’re essentially allowing them to use your cash to bid on whatever vehicle you choose from those available. You tell them what you want, and what you’re willing to bid, and they’ll take care of it for you.
Proxy bidders will also arrange to have your car transported to you, usually for a low cost. Even if you live outside the United States and need to have your lease buy back car transported to your new location, your proxy can arrange for transportation. All you’ll have to do is pay the taxes and fees, and you can pick it up at the dock. Couldn’t be easier.
Check out our guides to find out how these auctions work, and how you can save a small fortune on your next used car.
The Final Word
You can get a great deal on a lease end vehicle. If you use a proxy bidder to buy it for you at a “real life” auction or online, the process is incredibly easy. You can have the car you’ve dreamed of with very little effort and little expense.