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How to Keep Your Options Open at an Auto Dealer Auction

By Mike Richards Updated: 05/22/2019 Posted: 06/29/2017

There are a number of advantages that come with purchasing a vehicle from an auto dealer auction. If you’re in the market for a car and don’t want to spend a lot of money, it makes sense that you would head to one of them. Nonetheless, it needs to be pointed out that your options will be greatly limited. You can only bid on the vehicles that are available to you on the day of the auction.

Don’t let this mindset keep you from making a good purchase, though. In this article, we’re going to explain how you can approach an auto dealer auction with the right mindset so you keep your options open.

Start Early

The sooner you start thinking about buying a new vehicle, the better. If you’re heading to an auto dealer auction because you need a car ASAP, don’t worry. We can still help you, so keep reading. Ideally, though, you want to start early. Depending on where you live, there may be an auto dealer auction every weekend.

You want to go to as many as possible. Make friends with the people running it and the auctioneers, who usually work several different auctions every month. The reason for this is because they’ll let you know about the really good deals available, which will greatly increase your chances of making a satisfactory purchase.

Do Your Research

Of course, you still need to do your research. At an auto dealer auction, you won’t have a salesperson there to hold your hand and answer all your questions. Having a smartphone makes this much easier. You can do research on the spot, but it’s still important that you do as much as possible before you ever arrive.

Once again, going to multiple auctions will help a lot with this. They’ll give you a sense of the information you have to research before you start bidding. Nonetheless, the point is that the more research you do, the easier it will be to keep your options open.

Set a Budget

This is another example of how information helps you stay open-minded about your choices. Come up with a budget and you’ll have an easier time focusing on the vehicles you actually care about at an auction instead of getting lost in the weeds.

Just make sure you actually stick to your budget. If it helps, tell a friend or bring your spouse. Having an accountability partner can make all the difference where your budget is concerned.

Don’t Buy Because of Pressure

Finally, keep in mind that you’re at an auction. It’s going to be really, really easy to get into a bidding war. A vehicle you were only thinking about one moment will become a hot commodity the next when someone is jumping on every one of your bids with one of their own. Maintain your calm and bid appropriately or you’ll disregard all your other options and end up with a car you hate.

If you want help choosing a great car at an auction price, Auto Auction Mall is here to help. Set your budget and tell us the type of vehicle you want. We’ll search auctions all over the country and return you one you love.