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Car Auctions

How to Use an Online Auction Site to Get a New Car?

By Mike Richards Updated: 08/31/2017 Posted: 10/21/2015

Nearly everyone loves a brand new car. On the other hand, hardly anyone wants to put up with the experiences associated with having to buy one, especially when it comes down to having to negotiate with a car salesman.

This is why online auction sites are gaining in popularity when it comes to finding alternative ways to buy a new car. Additionally, most new cars bought on auction sites are much less expensive than buying them from a dealer, which makes using an online auction site good financial sense as well as a way to have a more positive purchasing experience overall.

However, you can’t just put the words “online car auction” into your web browser’s search bar and hope to find an auction site that will provide you with access to these well-priced brand new cars. Here are some important tips on how to use an online auction site to get yourself a new car.

The Best New Cars Come from Private Auction Sites

You can find public auction sites everywhere and for anything. However, in the car world, the best deals – especially on new cars – are reserved for people already working in the industry. What this means is that there are private auction sites out there that offer either a mix of used and new cars or exclusively deal with brand-new vehicles that aren’t open to the public. Instead, you need to have a dealer’s license in order to gain access to these private auctions.

Now, if you have a friend or a family member who happens to own an auto body shop, a mechanic’s garage, or even a used car lot or dealership, you can easily ask them if you can use their dealer’s license to access a private online car auction to bid on a new car. However, if you don’t know someone like that, you’re going to have to find another option to gain the access you need.

The Third-Party Solution

You can look for a company that specializes in providing third-party access to these auctions. These companies have car dealer licenses of their own, which provides them access to these sites, and they’re willing to let you search through the inventories of these online sites and also bid on these new vehicles as long as you go through them. You provide them the money needed to buy a car at auction, and they’ll do all the bidding for you.

This is the best option for anyone who wants to gain access to these dealer-only auctions. The benefits of this relationship include being able to bid on cars at wholesale price points, which you would never be able to do otherwise.

Since dealers need to make a profit by marking up vehicles they buy at wholesale but you don’t, you can walk away with a major financial windfall by turning a car that would have been a major investment to just a moderate one instead. This saves you money that can then be spent on insurance, registration, or even after-market parts and accessories to make your new vehicle truly your own.

Another good reason to use one of these third-party companies is how easy it is to get your car from them after they win it for you. Most of these companies can help arrange transportation for your vehicle, whether you’re in the United States or you’re currently living abroad.

While it’s your responsibility to pay for the shipping costs – and these costs can certainly add up if you’re shipping a new vehicle across the ocean, with Customs fees as well as import tariffs and other taxes, the logistical problem of getting this done is something you won’t have to handle, as the company will take care of it for you.

Explore our Vehicle Auctions, as well as finding more information about How These Auctions Work.

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