Bargain hunters have long understood one thing when it comes to buying a vehicle. Dealer Auctions provide one with the opportunity to save the most amount of money possible. However, despite the prospects for savings, many ordinary consumers have avoided checking out these auctions, as well as their online counterparts.
This is a mistake. Car auctions provide anyone with the opportunity to save thousands when purchasing a vehicle. What’s more is that there are so many different vehicles to choose from, you’re almost assured of finding what you’re looking for.
Given this, you may wish to try used car auctions. But, should you take advantage of in-person auctions, or should you check out online car auctions? Read on to find out…
The Pros and Cons of In-Person Car Auctions
No matter what kind of car auction you’re talking about, the biggest benefit is going to be the potential for savings. However, when you’re talking about in-person car auctions, in particular, there are some specific pros and cons.
The biggest pro of in-person car auctions is that one is able to conduct an up-close inspection of the vehicles being auctioned off. In addition to inspecting them visually, you can also gather a lot of information by using your other four senses.
The biggest con of in-person car auctions, though, is kind of a big one. Generally speaking, these auctions are closed to the general public. This means that you will have to pay an auction broker to bid on your behalf, something that will cut significantly into the savings you stand to reap.
The Pros and Cons of Online Car Auctions
When it comes to online car auctions, there’s really only one con to using them. Rather obviously, you will not be able to conduct a physical or visual inspection of any vehicle upon which you intend to bid. However, this is not as big of a drawback as you might think.
Online car auction sites provide their users with the VINs for the vehicles available at auction. Because of this, it’s possible to request vehicle history reports through a third party. By and large, everything you need to know about a vehicle can be gleaned from these reports.
But, there are many pros to online car auctions. One is able to enjoy a selection that you’d never be able to get at an in-person auction. In addition, online car auction sites provide their users with a great deal of assistance in the form of auction specialists. These individuals can help with every step of the process from searching to bidding and winning.
Online Car Auctions Are for Everyone
But, the biggest benefit of online car auctions is this: Most of them are open to the general public. This means you won’t have to pay a broker to bid on your behalf, and will, therefore, be able to enjoy the maximum level of savings afforded by the auction format. So, if you want to save a great deal of money on the purchase of a vehicle, try online car auctions today. You won’t be disappointed!