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

What Strategies Can I Use in Online Car Auctions?

Date: 06/15/2017 |Category: Car Auctions

Savvy consumers are quickly discovering that there’s an incredible new way to purchase used cars and salvage ones as well. It’s called online car auctions, and these auctions are completely changing the game when it comes to purchasing a vehicle. Namely, they’re making it possible for consumers to enjoy the savings on vehicles that have long been enjoyed by licensed dealers.

Of course, if you’re going to buy used cars in online car auctions, you need to have your head on your shoulders. In fact, you want to know what the best strategy is for using online car auctions in the first place! Let’s explore just what that strategy is.

Setting a Sensible Budget

Approaching online car auctions the right way begins with setting a sensible budget. Remember that online car auctions do not permit financing, so you’ll have to commit to making a full purchase.

But, when you buy vehicles in online car auctions, you need to factor more than just the price of the car into your budget. If you’re going to consider picking up a fixer-upper, for example, you need to account for post-purchase repairs. In addition, one needs to remember that auction fees will apply, and that one needs to pay for shipping and delivery.

Conducting Thorough Research

The next step in any successful online car auction strategy is knowing how to conduct thorough research. Naturally, this will all begin with taking a close look at the pictures of the vehicles upon which you might bid. But, you need to be willing to take things a step further.

When you’ve identified the cars upon which you wish to bid, use their VINs to request history reports through a third party. Yes, this will be something of an upfront expense, but it’s definitely worth it. What you learn in the history reports can often make your bidding decisions for you!

Knowing When to Quit

Online car auctions are exciting, there’s no doubt about it! But, this excitement can often cause inexperienced bidders to get in over their heads. For this reason, always keep your budget in the back of your mind. If you do this dispassionately, then you should always be able to tell when its time to push away from the table.

Using Your Auction Specialist

But, remember that you don’t need to make your bidding decisions in a vacuum. The auction specialist assigned to you by the online car auction site is here to help. This individual has extensive knowledge of the market. Therefore, he or she should be able to steer you in the right direction for finding vehicles that will meet your needs and budget.

Win Vehicles in Online Car Auctions Today!

Online car auctions are much easier than most would ever expect. The only way to see how this is the case is to sign up. So, find an online car auction site that works for you, and see what’s out there. You’ll soon discover how incredibly simple it is to save thousands when you use these online auto auctions!

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
Request a
Callback!
We will call you within 1 min
Thank
you!
We speak your language:
English, Spanish, Portugeese and Russian
< Back
  • User Registration
    • Do I need to register to bid?
    • Do I have to pay to register?
    • What information do I need to provide to register?
    • What are the rules regarding new customers and customers not in good standing?
    • I do not have a dealer license; can I bid or buy a car?
    • Can I just buy one car?
  • 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?