A Few Tips To Follow When Buying A Vehicle From A Wholesale Car Auction

Wholesale Car Auctions Can Be A Great Saving

The car dealership will purchase a car from a wholesale car auction at a bargain and then hike up the price once they get it to the dealership.

The prices are based on the prices in the Kelly Blue Book and the NADA Book. The NADA Book is usually used by dealers at auctions while the Kelly Blue Book is generally used by those looking to purchase a car. Using these guides, especially when buying at a wholesale auction, can really help you get a great deal. Here are a few tips to help you while shopping at a wholesale car auction.Wholesale Car Auction

Look For Public Auctions

Public auctions are open to the public. That means you are able to participate in the bidding. If you want to go in as a dealer you will need to get a dealer’s license. Public car auctions are advertised early in an effort to get as many people there as possible. If you want the best deals you should go to the dealer auctions. And while you will need a dealer’s license to get in, it will be well worth it with the amount of money you can save.

Get Third Party Information

You should also do research and get the opinion of a third party. Doing so will help you determine the fair market value of the car you are interested in. When I say third party information I am referring to resources such as the Kelly Blue Book. You can either purchase the book or use the website. Either way you will get all the information you need to make an informed decision as you will get a full break down of the car type, model and other important information.

Pay Attention To The Details

Ever heard the saying the devil is in the details? Well it’s true. Keep in mind this is an auction. When you are buying a car from an auction you do not get to test drive it. That means you aren’t really sure what you are getting until you actually purchase the vehicle.

That’s why it is so important that you pay attention to the details. Check the VIN number and then run a quick check on it. Arrive at the auction early so you can inspect the vehicle you are interested in. Use carfax to check the vehicle ownership. All of this information will help you better determine the value of the car.

Please know that it will take a lot of patience to purchase a vehicle through a wholesale car auction. For the most part it will be hurry up and wait until they get to the car you want. But when you consider how much money you will be able to save, I think you would agree it’s well worth it.

Thank you Stuart Miles for the photo from freedigitalphotos.net


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This post was written by admin on November 20, 2014

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