Uncategorized

What to Expect from a Dealer Auction

By Mike Richards Updated: 05/01/2018 Posted: 09/25/2017

If you’ve never been to a dealer auction before, you may feel a mix of excitement and a bit of nervousness for your first time.

On the one hand, a dealer auction could mean you get a great automobile without paying the same sticker price you’d usually see on a car lot.

At the same time, it’s a new experience. You may have heard a horror story or are simply worried about not having the same system in place most of us are used to.

The good news is that the majority of your concerns are unfounded, but you’ll still want to read the following to know what to expect.

You Need to Do All Your Own Research

While the term “used car salesman” definitely has a negative tone, one of the reasons people approach auto auctions with trepidation is because they know they’ll be completely responsible for their decision. They won’t have a dealer next to them to give them the information they need.

While a dealer auction will feature cars with a certain amount of information about them, you still have to do your research.

You should arrive with a general idea of the type of car you want and your smartphone handy in case you need to look up some specifics.

Use Common Sense

In the beginning, we brought up horror stories. You may have a friend who was burned at a dealer auction before.

Again, you need to do your own research. However, if you show up with a basic level of common sense, you’ll be fine. If something seems too good to be true, it probably is.

It’s not like you have to resign yourself to buying a complete junker, but you also won’t find a brand new vehicle “half off” at a dealer auction. If a car is marketed that way, keep looking.

Expect to Pay for Repairs

There are definitely exceptions to the rule, but for the most part, vehicles are at these auctions because they’ve taken a bruise or two.

The good news is that you don’t necessarily have to pay a fortune to repair them.

Again, this comes down to doing your research. Before you spend a penny at one of these auctions, you should speak to your local mechanics and get a sense of what repairs will cost you.

Ideally, you should tell a mechanic to expect your call for an on-demand quote and ensure them that, if they give it, you’ll be stopping by with your new purchase to get fixed.

This is important. Due to the label vehicles get when they go up for sale at these auctions, you can’t drive them until necessary repairs are done. Therefore, you definitely want a mechanic to be ready for your arrival after you buy a car at auction.

Auto auctions are becoming increasingly popular for good reason. It’s because they provide people with real value.

Nonetheless, if you’re still feeling a bit uneasy, our auto bidding company is here to help. Our agents will handle the bidding on your behalf and have access to more than 200,000 vehicles all over the country.

Sources:

 

Comments