If you are looking for a new or used car, you already know how expensive it can be. That is why more and more people are turning to the auto auction to find a deal on a car. There are two types of auctions: one is a private, dealers only sale and the second is open to the public. However, there are some tricks to get agreement with the dealers only sale even if you are not a dealer.
Most people mistakenly think that the auction, only used cars are sold. This is simply not true. New car exceeds the supply of new cars to sell as well. So you can find agreement on both new and used cars, trucks and even RVs.
There are two important things you need to know before you head out to auction. First, is to know what vehicle you want (or at least narrow it down to a few choices). This will prevent you from going on sale to buy a used minivan and come home in a two-door, cherry red convertible! Know the options you want safely and you can live without. Do your research online about all the options that are available for the car you want and what each is worth. Second, know your spending limit! There is nothing as exciting and offers something at auction. But getting caught up in the frenzy helps no one except the seller. Remember, you are trying to get a deal on a car. So set a limit on how much you want to spend and stick to it. If the bidding goes higher than what you were planning on spending, drop out and wait for the next item.
If you are not a dealer, but want to get a car from dealers only auction, it’s a secret that many do not know. Call around to some of the local dealers used car and tell them you are looking for a specific car and were wondering if they would go to the auction and buy a car on your behalf. Some dealers are willing to do this. Some will charge you a fixed fee; some charge a percentage of the cost of the vehicle. Make sure if you decide to go this route you have a written agreement with all costs negotiated up front and the dealer knows the maximum amount you are willing to spend.