Buyer Tips

Should You Buy Auction Cars? Here’s Why or Why Not

By Odet Garcia Posted: 07/20/2020

We’ll just say it right from the beginning of this article: Yes! You should definitely give a chance to auction cars. Not only because they have become increasingly popular, but because they will help you save money. And let’s face it, that saving desire is one thing all buyers have in common. There are also other reasons why you should buy one, and some traps you should avoid. All of this will be covered in this article, so keep scrolling. 

Car auctions are actually a great place to find used cars in surprisingly good conditions. Some of these cars do have some extent of damage, but most of it is very minimum. However, if you are car savvy and able to repair them, these auction cars are actually a good opportunity for you. Other auction cars are in excellent condition, even in “like new” condition. With this being said, let’s get started.

Here’s Why You Should Buy Auction Cars

Before we go into detail about why you should check out auction cars, let’s go over some general points. The first thing you should know is that there are two main types of auctions: public auctions and dealer auctions. Public auctions are available to the general public and usually include salvage and insurance vehicles. On the other hand, dealer auctions are exclusive for dealers. This means that you would need a dealer license in order to bid for a car.

auction cars

Now, before you panic, we should let you know that you don’t need to have a dealer license to participate in an online auction. Platforms like Auto Auction Mall can bid for you and help you buy your dream car at an online car auction. This means that you can find auction cars in good conditions at lower prices than at a dealership. This takes us to our list of reasons why you should buy an auction car.

Access to Exclusive Major Dealer-Only Auctions

One of the main reasons why you should consider buying auction cars is because some of these cars are exclusive for dealer-only auctions. As we mentioned before, dealer auctions are exclusive and usually require a dealer license. However, online car auction platforms can give you access to these auctions. This is a huge advantage for auction cars, so if you decide to buy one you can be sure you’ll have exclusivity.

Further Reading

  1. Your Guide to Buy Used Cars on an Online Auto Auction Site 
  2. Everything You Need to Know about Buying Used Cars 
  3. Used BMW for Sale Guide: 10 Reasons Why I Should Purchase a Used BMW 
  4. How You Can Get Your Next Car from a Dealers Auto Auction 

Now, this doesn’t mean that public car auctions are not a good choice. Actually, you can also find a good selection of used and salvage cars at a public auction.

Browse Through Many More Options

Inventories at car auctions are very broad. Remember that this is the place where dealerships go to when looking to stock up their inventory. This means that buyers can have many options to choose from. In addition to finding a wide variety of car models, there is also a wide variety of car conditions. Car auctions offer salvage and insurance cars, as well as cars in excellent conditions. Ultimately, the market variety of auction cars is much higher than at dealerships.

Wholesale Prices

There is one thing every buyer has in common: the desire of saving money. Well, buying auction cars can actually help you save more money than you think. Online car auctions offer vehicles at wholesale prices, the same prices that dealerships pay for their cars. This means that you can buy a used car at an auction for much less money than at a dealership.

Buy From the Comfort of your Home

This is probably the biggest advantage of auction cars. You don’t need to leave your house to purchase a used car. Browse through inventories from many auction houses without leaving the comfort of your home. Usually, car auction platforms assign you with an auction specialist that will guide you through the selection and auction process. Procedures are very simple and easy, and the only thing you’ll need to do is wait for your car to arrive at your door. 

Ultimately, there are many reasons why you should buy auction cars. Of course there are always risks, as in any other purchase process. However, if you are well prepared and have done your research, there are low probabilities for you to fail with auction cars. 

 

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