You don’t need to subject yourself to the stress of an in-person auction to benefit from the advantages of buying a car at auction. You can often bid on cars – even brand new ones – right from the comfort of your own home thanks to an online auction site. In fact, in many cases you can gain access to auctions that you never would have been able to in person unless you had the right connections.
The Advantages of Using an Auction Site
The biggest advantage of using an auction site is of course not needing to attend an auction in person. This is a serious plus for anyone who isn’t in close proximity to an auction, as vehicle auctions aren’t just around the corner from your average car shopper.
This also means that you don’t have to go through the whole auction “experience,” which usually involves standing in the heat, the cold, or any other weather extreme out on the lot surrounded by hundreds or even thousands of cars – or being crammed in a crowded pavilion while the bidding is underway.
While it may be advantageous to be on-site to personally check the cars before the bidding begins, using an online auction site can provide you with plenty of information on the cars up for auction. In many ways, it’s better because you can more easily research and compare vehicles and their details from your office chair instead of having to jot down information on a scrap of paper and then walk across the lot to compare one vehicle to another.
Insider Access from Your Living Room
Of course there is one very important – and often overlooked – bonus to shopping for new cars through an online auction site. Many online auction platforms can provide you access to wholesale or dealer auctions – something that most consumers never get a chance to see. Since you have to be a car dealer to access these wholesale auctions, most people never get a chance to see them, but some auction sites will act as a dealer on a user’s behalf to provide an insider look at what’s going on behind the curtain.
Dealer auctions are known for usually having a wider selection of vehicles up for bid at much more attractive wholesale prices than you would experience at a public auction, or even other online auction sites that don’t provide their users access to dealer or wholesale auctions.
In many cases, sites that provide an insider’s look at dealer auctions will be able to provide you with the option of not having to place bids on a car at all but will let you purchase it outright, and still at a price that is significantly lower than you would be able to negotiate on the dealership floor.
Additionally, many of these dealer auction sites will even be able to provide you with options when it comes to getting your vehicle.
Shipping options include to your door if you live in the United States in many cases, and many of these online auction sites will even offer export services to a foreign country – though, of course, paying any import duty fees and any other Customs or value-added taxes is your responsibility, as is picking up your vehicle from the port. Shipping typically takes anywhere from 3 to 4 weeks depending on location.
Still, whether you live down the block, across town, or across the globe, buying and bidding on new cars from an auction site can be a rewarding, stress-free, and economical decision, especially if you go with a site that provides you access to dealer auctions.