If you’ve been following the news, you’ve likely heard about how popular dealer auctions are becoming in the United States. In decades past, these auctions had been largely inaccessible to the general public. This was due to the fact that only those with a dealer’s license could gain access to them.
Online dealer auto auctions have changed that, though. By listing vehicles from certain dealer-only auction houses so that you get access to this inventory at great prices, ordinary consumers can now access the incredible savings of dealer auctions.
These websites haven’t just opened dealer auto auctions up to consumers in the United States, though. International consumers (and businesses) can now use these auctions to buy used, salvage and like-new cars, too!
Still, before you – as an international buyer – start using online dealer auto auctions, you’ll want to look into a few things. These are outlined below.
Check with Your Country’s Customs Authority
Every country in the world has different rules when it comes to the import of used vehicles. For this reason, you should consult with your country’s customs authority before making use of online dealer auctions in the United States.
In consulting with the customs authority, you’ll want to gain an understanding of what restrictions may be in place for the import of used cars. For example, does your country only permit the import of used vehicles at or below a certain age? Are there particular requirements when it comes to safety and emissions? Are there certain classes of vehicles that are not permitted, like those with diesel engines?
Cost-Effectiveness is Tied to Duties and Taxes
Ultimately, whether or not using dealer auctions in the United States is cost effective will come down to duties and taxes. These duties and taxes, of course, vary from country to country.
As you look into these, be sure to pay attention to how they’re calculated. Does customs have sole discretion over the declared value of a vehicle? Will they be using the CIF (Cost, Insurance, Freight) value of the vehicle when assessing duties and taxes? This last point is especially important…
How Shipping Could Affect Cost-Effectiveness
Many countries will use the CIF value of an imported car to determine duties and taxes. If you’re not familiar with the term, CIF represents the total value of the vehicle, plus the cost of shipping and shipping insurance. If your country uses CIF, then you’ll necessarily want to pay as little for shipping as possible. This will save you money up front, and also when it comes to paying duties and taxes.
Try Online Dealer Auctions in the U.S. Today!
After looking into the above, you’re likely to discover that you’re able to save money by using dealer auctions in the U.S. If this is the case, then getting started is incredibly simple. Just as with any other retailer, you merely need to create an account in order to get searching. Once you find what you’re looking for, you’re only a deposit and a round of bidding away from getting an incredible deal on a used car!