An auction for cars near me is a good place to find a bargain vehicle. These car auctions can contain thousands of vehicles for a fraction of their retail value. The auctions may include everything from bank inventory to wholesale car lots. Some even have bottom-of-the-barrel trade-ins. But the quality of the stock can vary considerably, and the competition can be intense. Buyers may end up paying more for their bargain than the market price.
When shopping for a car at a public auction, it’s vital to check the history and condition of the vehicle. While some cars may look good in the photos, they may be a lemon or need a complete overhaul. Check the VIN number before buying. Be wary of sellers who may try to hide problems with their cars. For example, foils or masks may make a faulty engine look clean. Buying a car at a public auction will also not give you the benefit of a warranty.
While car dealer auctions are best for buying used vehicles, public auctions are also great options. If you don’t want to be a dealer, but want a bargain for a car, a public auction is the way to go. You can purchase a car at wholesale prices. However, you must be licensed in your state to sell cars.
Before bidding at a public auction, make sure you have the funds available. You should be armed with cash or have an approved loan to cover the deposit. Also, be sure you have sufficient insurance coverage. You’ll need to purchase comprehensive and collision insurance for your new car. It’s best to discuss this with an independent Trusted Choice agent who works with several insurers.
Besides public auctions, there are also online car auctions held by A Better Bid. These online auctions offer a vast inventory of cheap cars for sale. These auctions are open to the public and cater to everyone from private individuals to car enthusiasts. A Better Bid is the place to find bargain cars.