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Auto Auctions: How to Make it a Fun and Rewarding Experience
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Auto Auctions: How to Make it a Fun and Rewarding Experience

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Attending auto auctions offers great deals on quality vehicles, but it can also be fun. You just need to arm yourself with knowledge before you place your first bid. Some people enjoy it so much …

Attending auto auctions offers great deals on quality vehicles, but it can also be fun. You just need to arm yourself with knowledge before you place your first bid. Some people enjoy it so much they’ve gotten into the car-flipping business! This article discusses some guidelines on how you can walk out with a good deal. Visit us at http://www.auctionANDappraise.com or call 800-801-8880 for more information about Auto Auctions.

Published in: Automotive

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  • 1. Auto AuctionsHow to Make it a Fun and Rewarding Experience
  • 2. Auto Auctions•Attending auto auctions offers great deals on qualityvehicles•You need to arm yourself with knowledge before youplace a bid•Some enjoy it so much, they got into car-flippingbusiness
  • 3. Auto AuctionsHow to familiarize with what takes place at autoauctions:•Find an auction that’s open to public – many auctionsare conducted just for dealers and require speciallicensing•Find auctions that sell newer cars – inventory comesfrom: rental car company, leasing company, bank orfinance company repossessions, government vehicles,law enforcement seized vehicles and more
  • 4. Auto AuctionsHow to familiarize with what takes place at autoauctions:•Before auction, review inventory list and narrow downchoices according to needs and budget•Inspect your short list. Reputable auto auctions haveinspection times established for bidders. You’ll be able tofully inspect vehicle and start it
  • 5. Auto AuctionsHow to familiarize with what takes place at autoauctions:•Develop an inspection checklist to spend timeefficiently during inspection times. Some things toinclude: check for fluid leaks, worn tires, etc. If notexperienced with car mechanics, bring someone whoknows•Check online resources: get book value, visit autoforums, get history on vehicle through CarFax report
  • 6. Auto AuctionsHow to familiarize with what takes place at autoauctions:•With information collected, begin to put numberstogether to establish base price for each vehicle. Knowwhat you want to pay and highest price you will go for•Understand purchase requirements – a cash deposit isrequired and know all ramifications of your bid
  • 7. Auto AuctionsHow to familiarize with what takes place at autoauctions:•In many auto auctions, auctioneer starts with a higherprice, if nobody bites, auctioneer will ask for a startingbid. Know how things work•Be prepared to walk
  • 8. Auto AuctionsAbout the AuthorDeb Weidenhamer is President of Auctions SystemsAuctioneers & Appraisers, Inc., based in Phoenix,Arizona. They specialize in auctions and professionalappraisals.Visit us at http://www.auctionANDappraise.com or call800-801-8880 for more information about Auto Auctions.

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