Auto Auctions – Are They Really A Bargain?
Published May 15th, 2006
Like with any traditional car dealership, it is very possible to find a bargain at an auto auction. However, whether you walk away with a great deal on a new-to-you car really depends on how you play your cards at the auto auction. Finding a good bargain on a vehicle is really the product of well-done research and preparation on the buyer’s part.
Auto auctions are crucial to the used car business because it is where dealers bring the vehicles they don’t want to keep on their used car lots. Now, while it could be simply that the silver minivan has too many miles on it or that the blue sedan is too old to sell on the dealer’s lot, it could also be going to the auto auction due to other issues: ones that the dealers won’t be likely to tell you about. Because it’s a business, they need to sell their cars, and because you’re the consumer, you need to purchase one. It’s up to you whether you end up with an SUV that doesn’t run or a sports car that sat in a flood for three months before being transported somewhere for reconditioning.
