If you’re in the market for a new car, you may be considering attending an automobile auction. Car auctions can be a great way to get a good deal on your dream car, but choosing the right one is important. There are many auto auctions out there, so how do you know which one is right for you? This blog post will discuss the factors you should consider when choosing car auctions.
Auto auctions can be a great way to find a good deal on your next car. You stand to enjoy several benefits by attending an auction, but it’s important to do your research first. With a little bit of preparation, you can be sure to find the best public automobile auctions for you. Some of the benefits include:
Unlike a car dealership, cars for sale at auction are usually sold for extremely low prices. This is because car dealers and private sellers add a markup to the car’s price, whereas at an auction, the cars are sold as-is. This means there are no guarantees or warranties. There may be a minimum bid that a seller requires for purchase, but you can count on that price being lower than dealership prices.
At an auction house, you’ll have your pick of a wide variety of different makes and models of used cars. No matter what type of car you’re looking for, you’re sure to find it at an auction — and if you don’t, check back on another auction day.
Buying a vehicle at a car auction is typically fast and easy. Once bidding starts, it’s only a matter of hours before a buyer is decided. Make sure you have arrangements to have the car removed from the lot once the sale is finalized; even cars sold as running might not be safe to drive as-is.
When you buy a car at an auction, there is usually less paperwork involved than when you buy from car dealers. Dealerships have to adhere to stricter guidelines than auto auctions, meaning lots of paperwork and a slow buying process. Buying a used car from an auction is as simple as placing a winning bid and driving away with a new-to-you car.
Are you new to the auction experience? Now that we’ve discussed a few of the advantages of buying from an auction, we’ll give you a few tips on getting started with your first auction.
The very first step is to decide what kind of car you want. Going into this process with a clear idea of what you’re looking for is a simple way to narrow down your search. Find a few auto auctions with that type of vehicle in stock and make a list.
Auto auctions are held all over the country, so chances are there’s one near you. Use an online auction directory to find a list of online car auctions in your area, then narrow down your choices based on the factors we discussed above. If you can’t find something local, see if any of your chosen auctions offer online bidding. With a little bit of research, you’re sure to find the perfect car auction for you.
After you’ve narrowed down your choices, take some time to check out the websites for the auto auctions you’re considering. The website should have information about the types of cars that will be auctioned off, as well as the date and time of the auction. It’s also a good idea to read through the auction’s terms and conditions to familiarize yourself with the rules before you attend. Online bidding is also an option in some situations, so consider exploring that as well.
If you’ve never been to an automobile auction before, attending a few as an observer before bidding on a car is a good idea. This will allow you to see how the auction process works and what to expect. Once you’re comfortable with the process, you can register for an auction and start bidding on cars.
Some auction locations also allow previews of the cars for sale before the auction starts. This is another great way to familiarize yourself with the environment and the auto auction inventory at the same time.
If you know someone who has attended a car auction before, ask for their advice. They may be able to recommend a great auction that you didn’t know about. Getting a personal recommendation can help make your decision easier. Alternatively, you can also read online reviews of auto auctions to get an idea of what others have experienced.
Car auctions give car shoppers an excellent opportunity to snag a good deal on a vehicle. However, it’s important to research before you attend an auction, especially if you’re attending it for the first time. By following the tips below, you’ll be sure to choose the best automobile auction for you.
Before you decide to go to an auction, it is essential to do your research. Take some time to read through the auction’s terms and conditions before signing up. There may be an upfront fee to participate or a required minimum bid on the vehicle you want. Does the auction require cash or check, or can you pay with a card? Make sure you’re familiar with the process before you attend!
Sticking to your budget is important when you’re at the auto auction. Don’t let yourself get caught up in the excitement of the bidding and spend more than you can afford. Choose a price you are willing to pay ahead of time and stick to it. If you don’t manage the highest bid on the car you want, remember that there’s always next time.
At Speed’s Auto Auction, we hold auctions almost every Tuesday. You can find repossessed vehicles, wholesale cars, donated vehicles, and more — all at low prices. We also offer online bidding, so you don’t even need to be on-site to walk away with an auction vehicle. If you have a car you’d like to sell, we can handle that for you as well.
Interested in buying a car at auction? Check out our Auction List tab for information on cars currently up for bidding, and consider joining us for the next auction. We hope to see you there!