Continue reading to catch up on some facts you should know and learn about auto auctions before going to one; and which car auctions to visit in your hometown.
Know Where the Cars Come From
When researching local auto auctions to attend, be sure to learn everything you need to know about the auction and where the cars come from before making a final decision. There are several different types of car auctions; from police impound auctions, to junk cars, dealerships, and more. It is important to know what you are getting and where your product is coming from, and where it’s been. Below are a few of the most common industries that car auctioneers get vehicles from:
• Leftover Dealership Inventories
• Off-Lease Returns
• Company Cars
• Junk Cars
• And More
Car Auctions Have Rules
Before going to your first auto auction alone, be sure to know the rules before you bid. Every auction differs from county to county, and state to state. For the most part, car auction rules can be quite complicated; so ask a professional about the regulations and get to know all the relevant information about the auction before buying your way in.
Vehicles are Sold “As-Is”
When you attend a car auction, any vehicle you purchase is sold to you “as-is”, meaning you get what you see. There are no returns, take-backs, trade-ins, or do-overs in auto auctioning. No matter what shape or condition the car is in, you have no choice but to accept as yours if you win the bid. This is another reason why research and preparation are crucial for first-timers.