4 Types of Car Auction Open to the Public

4 Types of Car Auction Open to the Public
pexels.com

Buying cars at auction can save you hundreds from your pocket, yet many buyers still head straight to a dealership whenever they need a new car. Many don’t realize that the car they would look to buy from a dealership has often come from an auction anyway and that they have missed a chance to cut out the middleman and save some money. It can be daunting, but with so many car auctions open to the public out there it might be time to think about giving one a go.

There are some auctions out there that are only open to dealers, usually requiring buyers to have a dealers license before they can bid. If you are only interested in purchasing a car for yourself jumping through hoops to get a license is something you would be unlikely to want to do. There are still some gems to be found even at public events, with these often being the best auction to buy cars.

There are a few different types of public auction and understanding what each type is about can help when it comes to finding the best deal for you. Below is our list of some of the most popular public car auctions.

Ex-Government Car Auctions

Ex Government vehicles are generally very well looked after, their service history is often impeccably maintained and they usually have very low mileage. Yet, they are often sold at auction at a price a lot cheaper than what you would pay for them at a dealership, why wouldn’t you buy one? As with any car, give the service a thorough check, but generally, these cars are wise buys.

 

Police Car Auctions

Buying an ex-police car doesn't mean your new car will have sirens or a fluorescent stripe down the middle, in fact before these cars go to auction all signs of their previous life are removed. These cars can make excellent purchases, after all, with the speeds police need to travel they will have been fitted with extremely high-quality components and so can run for several more years problem-free.

 

 

Repossessed Car Auctions

You can head to repo car auctions for a bargain, and there are often huge savings to be made, but you do need to be careful. There should not be any finance left owing on the car once it sells because the finance company should have made this back through the sale, but you should ensure this is the case before you bid. You should also ensure that the car has a full health-check as if the old owner was unable to meet the finance payments they might have also foregone essential maintenance on the car.

Other Types of Public Car Auctions

As well as the above you could also save yourself money by heading to government seized car auctions. You could even treat yourself to a wholesale lot of cars or perhaps pick up a trade-in model that is well past its best before date but is super-friendly to your wallet. There are also car auctions that are restricted to a certain type of cars. For example, classic car auctions or sport car auctions.

Knowing a bit about different types of car auctions open to the public can help you immensely in finding where to go to pick up a bargain. Will you know what to do once you get there and find the right car though? Bidding can be daunting, especially if you are unsure of the bidding format. Read on to find out some more about popular formats.

Onsite Auction Bidding

This type of auction requires bidders to be present during the sale. Of course, this works very well for the seller because it is easier for a buyer to lose their cool and go over budget when they are trying to beat someone else in the room, thus pushing up the sale price. Try and remain calm, have a maximum price in mind and stick to it.

Pre-Auction Bidding

This type of auction allows you to place a maximum bid before the auction, meaning you do not have to be present at the actual sale. Those who can attend will be at an advantage, however, because they will know the maximum price others are willing to pay before they go into the bidding process.

Live Auction Bidding

This is a really exciting auction process that works for those who can be present on the day of the sale and those who can’t. Bidders can bid in the room whilst those not present can bid online via live streaming with their bids show on screen in the auction room in real-time. This can be a frenzied process, which can hike the price of a car up quickly. It is important that you go into this type of auction with a maximum price in mind and that you do not give in to temptation and bid more.

Similar Articles

scrap-Jeep

There can be various different reasons why an automobile can turn into a clunker. One of the obvious reasons is that the vehicle has reached its old age. However, people often ignore that every automobile gets worn-out and totaled due to age-related issues.

car rent

The cost of buying and maintaining a car has been quite high and the penalties have been quite high in Germany, France, this has led to the growth and development of car hire business, the convenience and the ease in hiring the cars have made it very convenient and effective

10 Reasons to Sell Your Car Immediately

Buying your own car used to be a classic marker of adulthood. Independence! Freedom! Car Payments! But ask any adult you know and they will tell you that freedom comes with responsibilities. Like raising gas costs and insurance. Plus you probably already know by now that trying to park in the city is just a nightmare

wrecked car, junk car, scrap

How you know it is time to sell your car for scrap? Do you have a junk car that seems of no use to you? Do you need extra cash to run your personal errands? If you do, you could sell your car for scrap to generate quick cash.

What Happens If You Wreck a Leased Car?

If you’re ever involved in an accident in a leased car, there are a few very specific things that you need to do. The first step is to call 911, even if it’s a relatively minor accident, you still need to report it to the police. That’s because insurance companies need the police report to resolve disputes about who’s at fault.

Dodge classic car

When cars turn old not all of them appear as beautiful as vintage or antique that can be included in collector’s items. Therefore, when you realize that your old car needs a lot of expensive repairs, not in use anymore or maybe it is not working anymore. Then, you should really consider having removed from a scrap auto removal company.

exhaust pipe

When driving on the road you might have often faced a situation where you find yourself surrounded by a thick smoke which is usually coming from its exhaust pipe. White, blue or black smoke from exhaust coming from a tailpipe is a common problem. However, it is a huge environmental issue as it contributes toxic elements to the surrounding atmosphere as well as water bodies

broken engine

When it comes to vehicles, engine overheating is a common problem that can destroy it completely. That’s why no vehicle owner wants their car’s engine to get overheated. It is the most ruinous problem that can cause permanent malfunctioning of the motor. It risks the engine to fail and one will need to pour a lot of money to repair it.

You Are Free To Decide How You Spend Your Money And Personal Assets

An elegant and economical inspiration for holidays or a solution when no car is at your disposal. However, wrapped up in justified dilemmas, this decision deserves thinking steps through ahead of this 'service purchase', which it certainly is.