There is a huge attraction in buying a used car from a car dealer auction since you get to buy cars for cheap and at wholesale prices. You have a few options if you want to take advantage of these car dealer auctions and buy a car while saving a couple of thousand of dollars. The thing to remember is that the cars can come from a variety of sources from dealer trade ins, repossession of cars from loan defaults, surplus government cars and other places. Therefore you will find that not all the cars are in good shape, however some will be in good driving condition while still having low mileage.

What Are Your Options For Cheap Cars?

Most dealer car auction will require that you have a car dealer license to attend. One option for you is to go through a car dealer to purchase the car for you for a fee, or go though auto brokers. You might also ask for help from a friend or relative that has a license to purchase through their dealership license since getting one yourself can be a lengthy process. If you’re lucky, you can a find a car dealer who will also inspect the car after purchase and do the necessary repairs. All this trouble would be worth it since the vehicles have a warranty and the condition is clearly stated.

Another option if you are car shopping for cheap cars is to attend government car auctions. These are open to the public and with some knowledge and savvy bidding, you could be buying a nice car that is not too beat up and priced several thousand dollars below retail value. You can even find online auctions that you can just bid right from home, or if you prefer too see the car on site and bid live there is that option as well.

A car auction that is open to the public can be priced very low at the starting bid, as low as $100. However this will quickly go up as other bidders place their bids, and most probably you’ll be competing with car dealers as well since they know the kind of bargains they can get at these auctions. You’ve probably seen the advertisements somewhere in a local newspaper or on tv, check out the below video on how an actual car was sold at a public auction.

A Few Tips Before Bidding…

• Know exactly which model and make of the car you want, what condition of the car that you are willing to accept and how much money you are willing to spend. You should also factor in the fees for registration and tax payments. You can find out the vehicle history report to access its condition by using a service like AutoCheck.
• Know the retail value of the car you’re purchasing by using the Kelly Blue Book
• Take a qualified mechanic with you a day before the auction, you would need help if you are not knowledgeable yourself on car restoration and know how to look for collision damage or any other repairs that needs to be performed.

In Conclusion

You might be looking just to buy a bargain car for yourself, or you might want to get into the car dealership business. People do become interested in that once they find out that they can buy a car and resell it for profits. You can get your feet wet by attending one of the public government car auctions where anyone can attend. Get to know where the auctions are by joining a government auctions listings site. You can join one for free here.

Since car dealers often times stock up their inventory from cars sold in government car auctions as well, you can give yourself the same advantage by going to these auctions and learning the ropes and eventually bidding on the car yourself.

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