People who are looking for a good value on a car may not realize the potential that awaits them at car auctions. Often, the only exposure they have had to car auctions are those that are televised where classic and one-of-a-kind cars are sold at astronomical prices. There are also many large auction sites where you can buy high quality used vehicles at a significant savings over those sold at used car lots and by individuals.
Dealer VS Public Car Auctions
Car auctions sell clean used vehicles and also salvage vehicles that have been repossessed, forfeited, or taken by the insurance company after being totaled. Used vehicles may have a clean title which has no liens or a salvage title, or they may have a salvage title which means that they need extensive repairs and will be much more difficult to insure even after the repairs are made. There are also new vehicles for sale with significant discounts applied. While all of these options are available to the public at public auctions, there are also closed auctions that only sell to dealers.
An auto broker can negotiate and buy vehicles for dealers or for individuals. One of the first advantages of using a broker to buy your auction vehicle is that the broker has a dealership license that gets them into certain dealer-only car auctions that are not open to the public. They get access to thousands of vehicles that you can’t buy directly.
Why Selection Matters
Although some people have no idea of what kind of vehicle is right for them, others have a preference for a type of vehicle that they may not be able to afford under normal circumstances. When you go to a used car lot looking for a specific make and model of vehicle in your favorite color, your odds of success at meeting all of your criteria is minimal.
The larger the selection of vehicles you have to choose from, the more likely you are to get more of the features and details that matter most to you without sacrificing the low price of an auction car.
Shopping with a Broker at the Biggest Car Auctions
Top-tier car auction houses like Copart actually suggest that shoppers use a car broker to get access to their dealer-only auctions. Sites have different license requirements for various vehicles. When you start to bid on one of the vehicles listed on these sites, the site will recognize that you do not have the required license on file and you will be provided with a list of brokers who are qualified to help you with the purchase.
Although the broker you choose is independent of the auction and you will be making your purchase with them, the broker has dealt with that particular auction site before. They will already be familiar with their policies and fees.
One thing that you may need to keep in mind is that all brokers do not have a license that allows them to purchase vehicles in every state. If you choose a broker independently from the auction site, you will need to make sure they have the ability to buy a vehicle in the state where you want to make your purchase.
When to Find a Broker
Some websites advise you to wait until after you have bid on a vehicle to find a broker but this could result in your losing many of the advantages they have to offer. Most people who are buying a car are not experts on vehicles and have little or no understanding what the related terms are. They are not used to the wheeling and dealing that goes on at auto auctions or how to get the best value.
An auto broker can answer questions and address any concerns that you might have. They are experts at the auction process and they will work to make a purchase that is in your best interest.
Additional Services Provided by Some Brokers
There are many decisions that you will need to make related to your purchase. Although vehicles purchased at auction are much less expensive than similar models purchased at dealerships, many people will need to secure financing before they make a purchase. The broker will know what your options are and may offer direct financing to help you pay for your car.
When you purchase a car from an online auction, you want to know that it is in the condition that the site claims. Since you are likely to be many miles away from the vehicle, this is not something you can do personally. A broker can provide you with an expert inspection.
In addition, if the vehicle is in need of any repairs, they will work to locate any parts that are needed and have the necessary repairs made. Once the vehicle is ready to go, they will also take care of arranging transportation for your vehicle so you don’t have to leave home throughout the entire process.
An auto broker service is not a luxury service that is limited to those who can afford to purchase any car they want. It is even more important to have professional advice when you are working on a budget and want to get the possible value for your money.
Your lack of experience and knowledge of autos and the auto auction world could cost you a great deal and result in your getting a car that doesn’t live up to your expectations. An auto broker, on the other hand, is an experienced professional who knows where to cut corners and when to play it straight.
If you are considering buying a vehicle from a car auction, don’t wait to hire an auto broker who can help you with every step of the auction and purchase process. A little careful planning can help you have a positive experience that results in a car you will be happy with for years to come.
Explore our Vehicle Auctions, as well as finding more information about How These Auctions Work.