By going to a car auction instead of a traditional dealer, you can save a bundle of money on your next car purchase. There are actually quite a few different car auctions. In fact, with only a little bit of research, you are bound to find several within driving distance of your home. If you do not want to trek out to an in-person auction, you can even attend an online car auction. Car auctions are a little known secret that could end up saving you thousands of dollars on your next car purchase. This article will give you some in depth information about how car auctions work.
You may be wondering where these auction houses get the cars. There are many different ways that a vehicle can end up at online car auction. Many cars come from government or police seizure. For example, the IRS can take a vehicle if the owner owes unpaid taxes. In addition, cars that were used in criminal activities like drug dealing are also often impounded and sold at auction. This can be unappetizing for some people, but other people understand that the car itself did not commit the crime.
You might also be curious about the types of people who will also be present at the car auctions. The majority of people at car auctions are used car dealers. They score great prices on vehicles with winter tyres and then sell them to the public at a mark up. But the auctions are usually open to the public, so you do not have to be a dealer to attend. There are some auctions that are private though, so you might want to call ahead to the auction house and check.
Is there anything else you need to know about the auctions? First, they happen early in the morning, so you should be prepared. They also are usually outside or in a barn type building, so you should dress according to the weather. Many auction houses list the auction items in advance, so do your research. Check the value of the cars you are interested in and compare that price with the auction price. Generally, higher value cars attract buyers from far away, so you probably will not get a good price on those. But more common vehicles have very low starting prices. This means that you can get some great deals on regular vehicles.
Finally, a lot of people are concerned about the quality of the cars at auction. Call the auction house a few days before the auction and ask for the VIN numbers of any vehicles you are interested in. You can use that number to find out if the car has had any accidents. With a little effort and patience, you can get a really great deal on a vehicle.