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.

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.  Read more... (486 words, 1 image, estimated 1:57 mins reading time)

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If you are trying to get an extra special deal on a used vehicle, you need to find a way to get around the middleman and go right to the wholesale car auctions where the actual dealers pick up their cars.  Are you aware that used cars are in actual fact marked up around 200%? The fact is if you pay $5000 to buy a car the dealer actually paid less than two grand for the same car at an auction.

By excluding the middleman you personally get yourself an exceptional deal on a car without having to go through any of the irritation of dealing with a dealership. Many times a person might lose their job, and as a result of that they can’t keep up with their car payments so their car ends up getting repossessed. In this type of a situation the repossessed vehicle ends up on the auction block and gets sold. You can discover cars that are nearly brand-new with very low mileage as well as finding vehicles that were modified by the previous owners. We’re talking about cars with a price tag of anywhere from $10,000-$15,000 brand-new, and they sell at auction for less than $5000. There are a number of really amazing opportunities to pick up high-quality vehicles at wholesale car auctions. So if you’re in the market for a new car you should seriously contemplate checking one out.  Read more... (667 words, 1 image, estimated 2:40 mins reading time)

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