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

What to Know as a Complete Newbie to Car Dealer Auctions Online

Date: 08/01/2017 |Category: Car Auctions, Car Dealers

If you’ve been bargain hunting for a used car, then you’ve likely come across a service known as online car dealer auctions. In doing so, you’ve likely read that these auctions provide you with the opportunity to save thousands on a used or salvage car. Well, the claims are true, and there are even more benefits than this!

Most notably, online car dealer auctions allow you to enjoy the benefits of having a huge selection. Regardless of what type, age or kind of car you’re looking for, you’ll be able to find it in an online dealer car auction. In addition, you’ll be able to enjoy this incredible selection from the comfort of your own home! Gone are the days of having to travel to a used car dealership to buy a vehicle!

Given the above benefits, you will definitely want to give online dealer car auctions a try. With that in mind, here are some things you’ll want to know as an online car dealer auction newbie.

The Factors that Make Up Your Budget

Figuring out your budget for a used car in an online auction is a bit different. Of course, the substantial portion of your budget will go toward the purchase of a used or salvage car. There are other things to keep in mind, though.

First, remember that you will need to pay for shipping and delivery of any vehicle that you win. Also, depending upon the state of the vehicle you purchase, there may need to be post-purchase repairs made. Finally, there are usually relatively modest auction fees that will be assessed.

The Difference Between Salvage and Used Cars

The vast majority of vehicles that you find in online dealer car auctions will fall into one of two categories: used or salvage. The used cars that you find in these auctions will be just like those you’d find on a dealership’s lot. In fact, many used car dealerships stock their inventories with vehicles purchased through these auctions.

It’s salvage cars that warrant additional consideration. These are vehicles that have – for one reason or another – had their policies paid out by an insurer. In some instances this could be because a vehicle has been ‘totaled’. However, there are other reasons, for example a vehicles that have been the subject of theft and then recovered. Given this, salvage cars present perhaps the very best chance for getting an incredible deal on a vehicle in online dealer car auctions.

Research and Preparation Are the Difference Makers

Using online dealer auctions to buy a used car is ultimately about getting the best deal. In order for this to be possible, preparation and research will be essential. Before starting your search, be sure to get a feel for the prices of vehicles in which you’re interested. You might also consult the auction specialist assigned to you for help in this arena. Finally, be sure to request vehicle history reports through third parties for used and salvage cars you wish to bid upon.

With all of the above in mind, you should be able to use online dealer car auctions to your tremendous advantage! So, give them a try, and see for yourself how countless other auto buyers are saving thousands when they buy used and salvage cars!

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

Unfortunately we are not in the office right now

Let us call you back during our business hours

Thank you!
We will contact you on:

{{cbTime}}am {{cbWeekday}}

{{phoneNumber}}

Ok, got it!
We speak your language:
English, Spanish, Portugeese and Russian
< Back
  • 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?
  • 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?