When you are buying at an auction, you have quite a few options available to you. Public auctions, government auctions, and even insurance auctions are open to everyone who wants to come and bid. Many online auctions are available for the general public as well.
However, there are some auctions that are only available to those who have dealer’s licenses. These car dealer auctions are not available to the majority of people. Of course, you probably think you are missing out on some great deals, and you would be right. They can offer some great benefits, and fortunately, there is a way that you can become part of the car dealer auctions.
How Can You Get into the Auction?
The normal way to get into the auction is to have a dealer’s license, and that’s something that you probably do not want to take the time and effort to get. However, you can work with some dealers who can provide you access to these auctions.
These dealers can let you see more about all of the vehicles that are at the auction, and they can even take care of the bidding for you. Simply let them know how much money you have available to bid on the car or truck, and they can bid up to that amount on your behalf. It’s very simple, but make sure you find a reputable broker who can help you with this.
What Are the Benefits?
Why would you want to get into a car dealer auction? Let’s look at some of the benefits that they can offer.
First, you will find that the vehicles at these auctions tend to be high-quality compared with some of the other auctions you might have seen. Many of the vehicles are recent trade-ins, others are nearly new vehicles, and in some cases, you can find new vehicles. The quality of the vehicles tends to be high because the dealers are using these auctions to refill the inventory on their lots.
Secondly, the prices are low compared with buying through other means. Even though you will be competing with other bidders, you may end up saving thousands of dollars. It is possible to find some vehicles at the car dealer auction at wholesale and close to wholesale prices.
Many of the people you will be bidding against are actually dealers, and they will not want to pay too much for the vehicles. If you big a bit higher than them, they will often just move on to another car. If you are bidding against other people such as yourself in the auction, the prices could go higher though, so make sure that you don’t overspend on the car just so you can win the auction.
Third, buying is easy. Since you will be working with the proxies who are bidding for you, you don’t even have to worry about making the bids. It’s easier than other auctions, and it is certainly less stressful than actually going to a local dealership and trying to negotiate with the salespeople.
With the benefits that come from a car dealer auction, you can see why it’s quickly becoming one of the most popular ways for people to buy at auction. Quality, price, and ease of use really do make a difference.
Explore our Vehicle Auctions, as well as finding more information about How These Auctions Work.