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Car Auctions

A Beginners Guide To Car Auctions

With the popularity of internet giant e-bay, the auction process is becoming more and more accepted as a way to sell. Buyers lover auctions because they can sniff a bargain, sellers love auctions because once a buyer makes a bid, even at a low price, they become attached to the idea of buying, and often pay more than they otherwise would. House auctions have also been a commonplace sales method, but until recently car auctions were considered to be off limits to the public. This is not true.

Regular car yards now have many cars for auction in various forms from straight used car auctions to clear trade in cars, through to online car auctions or tender auctions(which are the same as regular car auctions but are conducted over a longer time, basically allowing people to place an offer on a car, with the auction being over when the buyer accepts a bid). While these types of auctions are now reasonably commonplace, there is still a mistaken public understanding that the auctions that produce the real bargains - government auto auctions, police car auctions and repossessed car auction's are closed to public buyers. Card yard owners are happy for you to believe this, but the truth is that going to a repossessed car auction or a wholesale auto auction can be a fantastic way to get a quality car at a great price. In fact, buying from a wholesale auto auction is one of the most common sources for the yard dealers to get their cars themselves!

Another place to get a bargain can be a police car auction. If you find our when and where a police car auction is being held you can pick up good car at a great price. When you go to these types of car auctions however, be aware that car dealers know that they are basically a cheap car auction and may be prepared to buy up all the cars, giving the private buyer no look in.

For the classic motoring enthusiast, check your local club for when there will be a classic car auction in your area. You will usually find a collector car auction is one of the best ways to break into the local classic car circuit and you are far less likely to run into professional dealers at these car auctions than at a dealers auto auction. The sellers and other enthusiasts are also more likely to be open and sincere with you at a classic car auction, as buying a classic car is like joining a club.

One of the biggest differences between buying at auctions and buying off a lot is that you once the hammer falls the deal is finalized. it is a good idea to do your checks on a car you are interested in before you go to the auction itself. This is especially true of used car auctions and seized car auctions, where the reasons for sale need to be determined. Police car auctions and government auto auctions are less likely to cause problems. If the dealer is legitimate they are bound by certain laws when running a car auto auction, but that is no reason for you to get lazy about doing your due diligence.