How To Buy At Auction

Anyone above the age of 18 holding a photo ID can buy a vehicle from any public auction. Your Free Public Auto Auction Directory is the best source for public vehicle auctions, providing contact details to several hundred vehicle auctions across the United States. The information we offer will save you many hours of research finding auctions available in your state.

Buying a vehicle at auction is not difficult, once you know how it all works, and the savings are very substantial. With thousands of vehicles sold each week, "there's always tomorrow" applies perfectly to car auctions because if you don't find the right vehicle today, there is every chance you will tomorrow. But with so many vehicles going through each week the odds are on your side.

How do you buy a vehicle at the auctions?

Follow these 6 easy steps.

Step 1 - Do Your Homework

Decide on the make of vehicle you're interested in, and check the Blue Book guide to prices from dealers and private sellers. Then take a look at the listed cars in your local newspapers classifed. Don't be disappointed if the exact car you want is not listed - New cars are received every day.

Have your finances organised prior to inspections, this way you know exactly what your limitations are.

Remember to bring a photo ID (drivers licence or passport) and a form of payment (cash, bank cheque or credit card) to cover your purchase. You are required to settle the balance either the same day or within 24 hours. The vehicle must be paid in full before you are allowed to take possession of it.

Step 2 - Auction day -Inspect the Vehicles

Come 2 to 3 hours befor the actual auction. Have a good look at the stock being auctioned. Before you leave home, make sure you have the correct address, time, and date. A good map from our map page is a must.

On auction day there will be signs pointing towards the "registration desk", just follow the signs and follow the instructions for registration. If you have any questions do not hesitate to find and ask the auctioneer or one of his associates. They are there to help you. If you have questions try to contact the auction befor auction day.

Step 3 - Price Range

Once you have selected a number of vehicles, find an auction associates and ask if their is a reserve price on any vehicles you have selected. Most vehicles are offered with no reserve. As a general rule don't bid much higher than the "bluebook" trade in price

The auction associates will also be able to give you an idea of what time the vehicle will come up for sale.

Step 4 - Preparing to an Making a Bid

If you haven't ever taken part in an auction before, it's a good idea to attend an auction first and observe how it all happens. Watch the auctioneer and his/her staff, and the bidding process. There are a few terms you need to understand.

* Incremental bids. Bidding usually increases by $100, $250, or $500 at the discretion of the auctioneer.

* Your commitment to purchase.

* Understanding what the auctioneer means.

* Once you have made a bid you cannot withdraw it.

Step 5 - When "your" vehicle is driven onto the auction area, this is what you should keep in mind:

* Let someone else start the bidding.

* Be sure you are bidding on the correct vehicle, check the lot number on the bidding guide.

* When you feel the time is right, make your bid.

* Attract the attention of the auctioneer by holding up your biding number.

* Make sure the auctioneer or an associate can see your first bid - he will watch you for further bids.

Step 6 - When you are the Successful Bidder

* Once the auctioneer's hammer has fallen to your bid:

* Take your identification and payment to the Sales desk to secure your purchase.

* You can pay with cash, bank cheque, major credit card or similar. Always ask the auction house about their accepted payment methods when you call to confirm times and current listings.

* Important, a "buyers premium" fee of approx 5% of purchase price can be payable on top of purchase price. Take this into consideration when you prepare for your bidding limit.

* Complete the necessary purchase documents.

Finalize the payment and you will be given registration papers.

* Take your receipt as Proof of Purchase and Guarantee of title.

* Most auction houses will hold your viehicle for 2 working days while final transport is aranged.

Even of you don't buy anything during your first visit you will now have a much better understanding for next time.

One of the most important things to remember at this point is to have your car insurance in place, you are now responsible for your vehicle.

Pick up your new vehicle at the storage yard and enjoy our best wishes for happy motoring. Their you go, it was fun and easy.

Back to Your Auction Directory Home Page

This page created by Zat L.L.P.
All rights reserved, copyright © 2009.

Our Privacy Policy