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What’s the Best Way to Win a Vehicle in a Dealer Auction?

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

When it comes to saving the most amount of money possible when you’re purchasing a vehicle, it’s long been known that dealer auctions are where to go. However, just because you can save thousands when you use dealer auctions to buy a car, that doesn’t mean its possible for everyone. This is due to one simple fact. The amount of money you can save in a dealer auction depends on your ability to bid smartly and also to win an auction.

So, if you want to win vehicles in dealer auctions, what do you need to know? That’s exactly what we’re going to be reviewing below.

Winning at In-Person Dealer Auction

Dealer auctions take place across the country every day. In fact, if you were to check your local newspaper, you’d likely come across listings for several taking place near you in the not-too-distant future.

To win a vehicle at a dealer auction, though, you need to be able to access the auction in the first place. This is where the rub is for most buyers. The fact is that the vast majority of dealer auctions are just that: dealer auctions. In order to participate one needs to license as a dealer.

Now, this isn’t necessary a stop sign. For one, you could look into what it takes to become licensed as a dealer where you live. Further, you could hire an auction broker to bid on your behalf. However, if you go either of these routes, you will need to pay for the privilege. This necessarily negates your ability to save as much money as possible on your purchase.

Even if you do gain access to the auction through one of the above methods, you may easily find yourself outclassed. The fact is that the people who participate in these auctions are professionals. If you’re an inexperienced bidder – even with a broker in your corner – you’ll quickly find yourself in over your head.

The Best Way to Win: Online Car Auctions

Thankfully, there’s a much better way to win cars at auction. This way is called online car auctions, and they are evening the playing field between professional bidders and ordinary consumers.

First, you can actually gain access to online car auctions, unlike the vast majority of their in-person counterparts. What’s more is that the atmosphere in online car auctions is much more laidback than in-person auctions. In addition, online car auction sites also provide an incredible amount of help to their users. In fact, when you sign up, you will be given access to an auction specialist who can assist with everything. Not sure how or what to bid? Your specialist can help. Not sure what cars are going to be right for needs and budget? Your auction specialist can help.

Sign Up for Online Car Auctions Today

If you want to win cars at dealer auctions, then don’t go to dealer auctions. Instead, take your search online to the incredibly open and useful online car auctions. These websites have been designed from the ground up to help you save the money you should be able to when you purchase a vehicle.

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  • 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?