If you’ve never been to a dealer auction before, you might not know what to expect. In this post, we’re going to prepare you so that you can make the most of this experience.
Sure, part of the fun at any auction is that you never know what to expect. You could show up and find all kinds of amazing deals.
However, at a dealer auction, you’re spending serious money on a very important investment. You really want to show up ready to make the best possible purchase.
To do this, call the dealer ahead of the auction and ask about the inventory. Ideally, this information should be on their website. The dealer has every reason to give this information out, too, because they know it will attract more customers.
Nonetheless, once you get this information, go online and start doing your research. Use the Kelley Blue Book app. If you find out that any repairs to the vehicle are needed, call around to see how much it will cost.
Assess Your Budget
Hopefully, you understand the importance of having a budget before purchasing a vehicle. Obviously, you don’t want to spend so much that you put yourself into financial trouble.
The other important piece of your budget has to do with the last step, too. After you know what to expect from a dealer auction, it’s time to think about which cars you wouldn’t mind driving and how much you would be okay about spending on each of them.
Make note of this before you arrive at the dealer auction. Otherwise, you might find yourself spending a lot more on a vehicle that was far from your first choice.
Don’t Get Desperate
Ideally, you don’t want to show up to a dealer auction in desperate need of a vehicle. This is how you end up in the situation we just described. If a dealer doesn’t have the vehicles you want, don’t go. If you show up and the vehicle you wanted isn’t in the shape you assumed, leave.
Know That Some Repairs Are Worth It
Usually, dealer auctions are fantastic because the vehicles they sell are in amazing condition. This is especially clear if you compare these auctions to others where you can find vehicles that are good for nothing but scrap metal.
That being said, just because a car needs some repairs doesn’t mean that you have to give up on it. Again, as we talked about before, you should call around beforehand to get an idea of how much the required repairs would cost. This way, when you find out that a vehicle needs a new starter, the battery replaced or some bodywork, you’ll know how much the total cost is going to be for your entire purchase. Also don’t forget the cost of shipping – especially if you are thinking of exporting the vehicle.
Dealer auctions are absolutely amazing for people who want great vehicles but don’t want to pay a lot for them. At Auto Auction Mall, we help clients make the most of them. Our staff will work with you to understand your needs, then bid on your behalf, and keep to your budget. We do all the heavy lifting and you get a new car.