Should You Consider a Dealer Auction for Your Vehicles?

By Mike Richards Updated: 04/17/2020 Posted: 09/19/2017

If you are considering buying a used car and want to get a good deal. You might not like the idea of going through a new or used car dealership, as you might have to get a loan, and you do not want to have monthly payments for the vehicle. If you have some cash that you can spend, you might want to consider going through a dealer auction for your next car or truck.

Many do not realize that they can even partake in a dealer auction, as you typically need to have a license to buy from them. However, things are different today, and there is a simple workaround that you can use.

How Can You Get into a Dealer Auction?

If you want to get the same great deals that dealers will get, you can work with companies that have their dealer license. You can then see the vehicles that are available through the various auctions on the web. The sites provide the details you need to know to help you with your purchasing decision, including any known issues the vehicles might have.

When you have an idea of the type of vehicles that you want, or even a specific vehicle, you can have the agents with the dealer’s license bid on them on your behalf. You can provide them with your budget, so they do not go over your maximum bid amount. If you win, you can have them help set up shipping of the vehicle to your location.

Great Reasons to Use a Dealer Auction

Why would you want to go through one of these auctions? There are quite a few reasons. One of the first, and the most prominent in everyone’s mind, is the fact that you can get vehicles for a real bargain. You can get the same types of prices that the dealers typically get, which means huge savings.

Another benefit that many people do not realize is the fact that you are bidding against dealers. Because they want to get the lowest possible price, they tend to bid low and back out if the price goes up. They want to make as much as they can when they resell the vehicle, so they do not go into “bidding wars”. Bid a bit more than a dealer, and you have a good chance of winning the bid.

Another good reason to consider dealer auctions is the sheer variety of vehicles available. They have cars, trucks, and more, and many of those vehicles are in great condition.

Buy Wisely

While there are certainly many great cars available through a dealer auction, you will still want to check the condition of the vehicles to get an idea of their quality. Since these are vehicles that are going to dealers, they are generally in good condition. Some of them might even be new, or almost new. Still, do your due diligence and learn about the vehicle you are considering before you bid and buy. You can get incredible deals.