Buying a car at auction is an exhilarating way of finding unbeatable deals—but it also comes with unique challenges. From bidding strategy to shipping after acquisition, these are seven tips that you would do well to learn in order to take home the auction and the deal.
Before bidding on one car, compare prices on Kelley Blue Book, Edmunds, and AutoTrader. Blind bidding is the quickest route to overpaying.
Tip: Compare listings for the same make, model year, and mileage.
Significance of the matter: A strong awareness of pricing serves to ground individuals when bidding becomes intense at the auction.
There are strong emotions involved in an auction. Establish an upper limit that covers auction charges, tax, and transportation.
Learn the premium: Most auction houses charge 5–10% buyer’s premiums.
Pro tip: Use a cell phone calculator program to monitor your actual total in real time.
Wherever possible, view cars in person. In the event of an online auction, read the condition report and photos carefully.
Red flags: Leaks, rust, damaged frame, worn-out tires.
No test drives? Ask for VIN history reports instead.
Every auction comes with special conditions. Look out for payment dates, accepted payments, and finality of the sale.
Logistics tip: Some auctions need payment in full within 24–48 hours.
Don’t be surprised: Know refund, return, and arbitration policies.
Let others reveal their strategies. Observe, then engage strategically.
Be patient: Getting in early raises the cost.
Rule of thumb: Reserve your first good bid for half way through bidding.
Your best asset is discipline. There’s a sale soon—don’t let FOMO ruin your money.
Stay within your limit: If bidding reaches your limit, stop and reconsider.
Self-control = success.
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Auto auctions are thrilling—but smart buyers are ready. Follow these seven steps to protect your investment and make the entire experience from bid to driveway a breeze.
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Yes, public auctions are open to any individual interested in bidding, whereas dealer auctions require a special permit.
Not typically. auctions typically require cash, certified check, or wire transfer in 24–48 hours.
Most of the auction vehicles are available “as-is.” Reduce your risk by reading condition reports or by bringing a mechanic (if allowed).
Prices vary by distance, vehicle, and transport mode. Get an estimate through our instant quote service.