Savvy auto buyers have long known that dealer auctions present an incredible opportunity for getting a tremendous deal. However, gaining access to these auctions has long been quite a hassle. This is due in no small part to the fact that the vast majority of these auctions are only open to those who have a dealer’s license.
Still, there are ways that one can participate in dealer auctions. This is due to the fact that many of these auto auctions have moved online. So, how can you get involved? That’s what we’ll be exploring below.
Looking Into Services like Adesa and Manheim
When it comes to dealer auctions online, two of the biggest players in the market are known as Manheim and Adesa. While these websites do provide access to dealer auctions online, they same restrictions as in-person auction apply. Namely, in order to use Manheim or Adesa, you will need to be licensed as a dealer yourself.
If you wish to use these services, you can, of course, look into what it takes to become licensed as a dealer in your state. However, there’s no reason to go through the trouble, as there are dealer auctions online that are open to the public.
Online Dealer Auto Auctions Open to the Public
There are a number of websites now that have opened up auto dealer auctions to the public. They are essentially able to do this by listing vehicles on their site from certain dealer-only auction houses (other than Manheim and Adesa) so that you get access to this inventory at great prices. Because of this, ordinary consumers such as yourself can now participate in these auctions, saving thousands in the process.
Best of all, you’ll find that getting started with an online dealer auto auctions website is incredibly simple. You only need to create an account in order to start browsing the extensive inventory of used, salvage and like-new cars available. Should you decide to bid, you’ll only need to make a deposit in order to establish your buying power.
With the vast majority of sites that you might use, this deposit is typically one-tenth of whatever you’d like your potential maximum bid to be. For example. Were you to deposit $400, you would then be able to bid up to $4,000 on used, salvage and like-new vehicles. Just be sure to check what the minimum deposit requirement is for the site you’d like to work with.
Taking Advantage of Your Auction Specialist
Now participating in auto dealer auctions can be somewhat intimidating for newcomers. But, there’s no need to fret! This is because most websites will give their users access to auction specialists. These are people who are eminently familiar with how everything works, and who can help you with a great many things. In addition to helping with the bidding itself, these specialists can help you find the cars that best match your needs and budget.
So, give online dealer auto auctions today! See for yourself the tremendous savings that dealers have long been saving for themselves.