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If you’re looking to buy a car, you can pay dealership prices or you can
get a bargain and participate in an auto auction. What can you find at an
auto auction? You can find seized, surplus, and government-used cars,
SUVs, and trucks. An auto auction can be overwhelming for first-time
bidders. Let’s review some helpful tips to get your started.
Auto auctions are held both online and in person. Each auction may
have its own rules and procedures regarding bidding and registration.
Be sure to review all the rules before participating. In fact, it’s not a bad
idea to attend a live auto auction in advance to familiarize yourself with
the process. Arrive early to the auction to inspect the vehicles. Not all
auctions will let you test drive the car, but you may be able to start the
car, rev the engine, and look under the hood. If you’re participating in an
online auction, be sure to research the condition and history of the
vehicle. After the inspections, set your bidding price and stick to it. Don’t
allow a bidding war to drastically influence your original price. You came
to the auto auction to get a bargain and don’t want to leave paying more
than you can afford. Plus, keep in mind that some used cars may require
additional repairs. The condition of the vehicles can vary, but the
majority of vehicles are sold far below their market values. Contact your
local police station or browse online websites to find out about auto
auctions near you.
Government Auto Auctions, Bank Vehicle Repos,
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