Flash Auctions
Try out our new feature. Be fast. Save Big!

How to Prepare Yourself Before Using Online Dealer Auto Auctions

Date: 07/26/2017 |Category: Car Auctions

New technologies and modes of doing things can always be a little bit intimidating. This is definitely true of online dealer auto auctions, which are quickly becoming the preferred way to buy a used, salvage or like-new car.

These online auctions are completely different than going to a dealership or conducting business with an owner through a website like Craigslist. For this reason, you’ll want to make sure that you’re adequately prepared if you’re going to use them.

As with any other kind of auction, making sure you’re prepared requires undertaking a few steps. Below, we’re going to take a look at four things you can do to prepare yourself before using online dealer auto auctions.

Conducting a Self-Evaluation

Getting the most out of these online auctions requires having clear expectations. So, before you begin your search, be sure to think about and to define a few things.

First, ask yourself what kind of car you’re looking for. Is it a sedan, a pickup truck, a classic car, or something else entirely? In addition to this, also think about what your willingness to make repairs is, and whether or not you can conduct some (or all) repairs yourself. Do you have the time and money to repair a vehicle? Are you just looking for something that’s ready to drive?

Figuring Out Your Budget for Dealer Auctions

Next up, you want to make sure that you have a firm budget that you’re going to stick to. As with any other kind of auction, it can be all too easy to get carried away when bidding. Setting a clear budget mitigates the risk of getting in over your head.

In terms of establishing your budget, be sure you’re not just considering the final bid price of a vehicle. You will also be responsible for pickup and delivery of your vehicle – which must be done by a third party. In addition, price in your willingness (or lack thereof) for repairs outlined by your self-evaluation. Finally, remember to investigate auction fees that may apply.

Getting a Handle on the Marketplace

In order to know whether or not you’re getting a good deal, you need to understand the marketplace. Once you know what kinds of vehicles you’re looking for, use a resource like Kelley Blue Book to research auto prices. Going in with some background marketplace research will really come in handy as you’re searching the thousands of vehicles available through online dealer auto auctions.

Why You’ll Have All the Help You Need

Doing the above should make sure you’re adequately prepared for online dealer auto auctions. However, remember that you’re not getting thrown to the wolves! In fact, when you use a reputable provider of dealer auctions online, you’ll be given access to an auction specialist.

This person can help with everything we’ve outlined above. In addition, he or she can help to devise bidding strategy, arrange shipping, and can even connect you with auctions not available online. Ultimately, because of your preparation and the help you can get, you’ll quickly discover just how easy it is to buy a car in an online dealer auction.

Auto Auction Specialist Used car expert The largest salvage & insurance vehicle auction marketplace online.
Bid on over 200,000 vehicles for sale right now.
1-800-680-8010

Ready to get started?

Register a free user account and start bidding on your dream car right now!

Sign up for free
Request a
Callback!
We will call you within 1 min
Thank
you!
We speak your language:
English, Spanish, Portugeese and Russian
< Back
  • 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?