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

How to Save Up Money for a Car Dealer Auction

Date: 08/02/2017 |Category: Buyer Tips

More and more, when people want to save money on buying a vehicle, they head to a local car dealer auction. This makes sense, of course. Being that it’s an auction, you’re automatically going to save money on your purchase.

Nonetheless, that doesn’t mean everyone has a lot of money to spend. If you’re in this boat, read the following before you place a single bid at a car dealer auction.

Start Early

Ideally, you want to start saving for a vehicle as early as possible. In fact, it’s not a bad idea to put a little bit aside every month, knowing that, someday, you’re going to need to buy a new car.

Whatever the case, unless you literally need a vehicle tomorrow, begin setting aside money today.

Furthermore, the sooner you attend your first car dealer auction, the better. You want to become familiar with your local scene. Get to know the auctioneers and organizers. They want to sell cars, so if they know you’re in the market, they might give you a heads up when a good deal is going to be around.

Consider Insurance

Also, understand that you’ll need your insurance company to be on board with your purchase from a car dealer auction. While no insurance company can give you a 100% accurate quote without knowing what kind of vehicle you intend to buy, you’ll want to speak to your agency beforehand to get a general idea.

Start Cutting Expenses

All right, time to get to the actual steps you can take.

The first one is to get serious about your purchase by cutting other expenses as much as possible. We all enjoy things we can live without so start identifying the onesin your life and then cut those costs out ASAP.

Consider Another Form of Income

We’re not talking about a second full-time job, but any extra source of income is going to help you pay for a vehicle. Check local job boards and you’ll find there are all kinds of opportunities that could easily give you a few hundred extra dollars every month.

Along the same lines, you may want to sell some things you don’t need. Again, there are all kinds of sites for this, or you could throw a garage sale. Whatever you can make to offset the purchase price of your vehicle is going to help.

Speak to Your Bank

If you’re purchasing a vehicle from a car dealer auction, you’re going to need some amount of cash for a down payment.

That doesn’t mean an auto loan is out of the question, though. Speak to your bank and see if they can front you some money for your purchase. Every little bit helps in this situation.

Finally, you should do everything you can to keep your purchase price to a minimum. That’s our specialty at Auto Auction Mall. Our agents will keep to your budget and then bid on your behalf. We have access to more than 200,000 vehicles across the entire country, so if you need one but don’t have a lot of money, we’re here to help.

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?