Local and online auto auctions are your two types of options. Learning how these types work and how you can use them will help you to make a choice over which one is ideal for your needs.
Pre-registering with the local vehicle auction you intend to join is the first step to take if you plan on participating in local auto auctions. Once you have registered then you will have all the information you need on how to participate in the auto auction. The staff at the location will explain all the needed rules and procedures when you start to bid.
If you are selling a vehicle at a local auto auction then you will need to give exact information about your car including the condition, mileage and title status. After this you will get a unique location and specific location for your car. For those purchasing a car at a local auto auction you will have to inspect the vehicle before the auction starts. Before bidding make sure you set payment limits and signal your bid clearly to the auctioneer. Once you win a bid settle the transaction quickly with the block clerk.
While online auto auctions may seem like they are different from local auto auctions there really isn’t that big of a difference. The major difference is that those who are going to bid on vehicles cannot inspect the cars before the purchase them unless they are inside your local area. However, online auto auctions typically compensate for this by providing all the needed information up front and have detailed photos of the vehicle.
When you purchase through an online auto auction you will have to pay a minor fee for shipping the vehicle to you. When the vehicle arrives you can inspect the car thoroughly before you finalize the deal with the seller. Online auto auctions really do not have many risks involved in purchasing cars.
No matter which choice you make, purchasing your car at an auto auction is a good choice. You will save a lot of money by paying less than you would with a dealer or private person. Government and repo auctions are another way to save even more money on your vehicle purchase.