Car Auctions

Without question, the process of buying a new or used car produces a challenging decision for the buyer, and the steps to finding the best deal can often be overwhelming. Through much research, it is clear that individuals can obtain a car through a variety of means. For instance, a car buyer could find a car quickly and easily by simply traveling to the nearest car dealership to buy a new or certified used car from the dealers lot. While this method may seem easy, it is definitely not the most cost effective way to find the car of your choice.

Car Auctions

Undoubtedly, car auctions are usually unheard of by common used car buyers, and many dealers attend auctions to sweep up and purchase exceptional cars at very cheap prices. Dealers then sell the auctioned cars on their lots for an amount greatly exceeding the price paid for the car. However, there is hope for the private used car buyer if he or she finds a car auction to attend. In order to attend an auction with dealers from all over the area, it is important to either educate yourself extensively in different aspects of car buying, or bring a car savvy individual with you.

Frequently, someone buying a car from a private seller is almost guaranteed to get a better deal than a dealer would offer for the same car. Also, the internet, especially eBay, has become a growing marketplace for listing used cars, and eBay auctions can sometimes reward buyers with an extraordinary deal if there are a lack of bidders on the car. However, each of these car buying options present risks of their own that should be taken into account before making a rash decision based on price alone. Clearly, car auctions make more sense.

It is highly recommended you purchase the NRMA Open Road or similar guide to know the agreed value of any car model and year that is being auctioned. Virtually, with a little research and selectivity at the auction, you can walk away with a car at dealer price opposed to market value.

Many vital considerations need to be taken into account when evaluating whether or not to purchase a car on the auction stand, and a checklist is provided below.

Auction Buying Tips

1. Never buy a car at an auction without the chance to thoroughly look over the car up close, and examine the car for any major damages.


2. Check online listings or local classifieds to find a public auction near you because some auctions are open to dealers only.


3. When a car is placed on the auction floor, set for yourself a maximum amount you are willing to pay for the car in case a bidding war ensues.

Ultimately, a car purchased at a car auction is an ideal way to buy because you, the private car buyer, eliminate the need for a dealer altogether, resulting in great savings

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