There’s a good chance you’ve already heard about the rising popularity of public auto auctions
that are open to the public. The second-hand auto market is growing, but salvage auto auctions are
also becoming attractive for a wider circle of buyers.
The reason is simple: these events are an endless source of opportunities for making money.
Regardless of whether you’re after your dream car, or if you’ve decided to flip cars as a side
hustle, you can make money when you dive into the world of salvage vehicles.
How Do a Public Auto Auction Work?
Bidding on a car seems to be easy, but it is not as straightforward as you might consider it to
be. There are many things you need to learn about the process of bidding in a public auto auction. Needless to say, all the
important details are best learned through experience, but we’ll try to give you the basics.
To understand auto auctions and take advantage of the benefits related to them, you should
start with their definition. A public auto auction is different from the traditional dealer auctions. It is free for everyone to attend.
Typical auctions require a dealer license, but a public auto auction is open to every individual
with the desire to bid on cars. Apart from a registration process, every attendant must pay a
fee to enter. Bidders must be over 18 years of age, of course. Keep in mind that some public auto
auctions require bidders to have a driver’s license as well.
If you want to make the most of a public auto auction, here is some advice that would surely
be of help, especially to those who have yet to place their first bid for.
Online auctions spare you the extra hustle and bustle of being present at an auction. That’s
because you are free to bid from every location you choose.
The typical public auto auction is always overcrowded. Newcomers may find
it to be chaotic, but the more things happening at an event, the merrier. Right? Once you
get used to the environment, you will feel excited to be there and to pursue your goal.
You have probably seen how a live auto auction happens. Different vehicles are showcased
and inspected in a line while they get auctioned. Things happen fast, and you need to move
faster if you want a particular vehicle.
Salvage auto auctions, however, are quite different. Most of these events don’t allow for a
thorough preliminary inspection of the vehicles, making it even harder for an unexperienced
bidder to strike a good deal. Newbies often have to compete against dealers who also attend
public auctions.
What Kind of Vehicles You Can Buy at a Public Auto Auction?
Overall, the vehicles you are likely to find at auctions are most often used or salvage cars. It
may sound like a waste of time, but don’t quit on it just yet because there is often a huge
probability for a hefty profit when it comes to salvage vehicles. They are anything but junk.
And you can make good money if you take the right step.
Salvage title cars are usually written off by insurance companies and sent to auto auctions to
be sold after their former owners have been compensated for the damage. Running cars with
insignificant damage often end up being a total loss due to high repair costs.
Once the insurer takes ownership of the car, it gets auctioned with the idea of returning a
part of the compensation paid. This creates a lot of opportunity for buyers, as salvage cars at
auctions often sell for a significantly lower price compared to the regular second-hand auto
market. Buying a salvage title car is a bit of a gamble, as you can never be sure about the
vehicle’s current condition.
Your best bet is to bid on theft-recovery cars. Once a car is recovered after it gets stolen, the
insurer retitles it as salvage and eventually sends it to an auction. There’s a good chance you
could find great bargains. This is the main reason why more people are showing interest in
this business.
Can I Buy a Clean Title Car From a Public Auto Auction?
Don’t forget you can also find and bid/buy clean cars from public auto auctions, big retailers and dealers usually list their vehicles in public car auction to make better turnover in their inventories. Banks also list their repo cars in auctions so do insurance companies, and it doesn’t end there.
With BidExoprt public auto auction you can have access to more than 150,000 vehicle from all types and titles, it only takes a short registration for your to have your account ready and start placing your bids on your favorite cars!
Benefits of Buying a Car From a Public Auto Auction
Lets take a look for some key advantages of using an online public auto auction like BidExport:
- Variety Of Choices: With the help of search filters you can sort vehicles by model, year, price, quality and region from thousands of used cars, trucks, motorcycles, boats, RVs and much more. weather you are looking for clean run and drive cars or salvaged ones you will always find something of your interest.
- No Dealer License Required: any one of the public can buy a car online in with our public auto auction. we will actually allow you access not only public auctions listings but dealer-only auctions too.
- No Geographical Limitations: with online car auctions you are not limited to look for cars in your region, with the help of our search engine, you can look for cars of your choice in different states, and if you find what you are looking for you can easily manage to take care of your car delivery at very competitive rates.
- It is Convenient: there are many factors making a public auto auction your most efficient choice, one of them is cutting costs, you don’t need to issue any dealer license, but you will use the online auction one. You won’t need to pay registration fee, joining our car auction platform is completely free. You also stand a fantastic chance of getting a car at a great price because of the significant number of vehicles available
- Car Inspection Available: in most car auctions there are no guarantees what are you getting – You get what you see! But with online auto auctions like Bid Export you can do a full car inspection before buying or start bidding with other competitors like yourself. Car inspections include and not limited to: A lot of extra pictures, Test drive of the vehicle (if possible), check all fluids, full damage report with missing parts and their OEM numbers and many more custom checks.
Can I Access Any Public Auto Auction Near Me?
If you are asking yourself “what is the best public auto auction near me” – then the answer is it is in your pocket!
Although, there are states that require bidders to have a valid dealer license to buy vehicles but that depends on their title.
With Bidexport Platform you can make sure you are eligible to bid without a business license at your particular location. You can access thousands of cars online through your smart phone screen anywhere and anytime!
You need to remember that you cannot have your money back once you are the winner. Vehicles at auto auctions are always sold in their “as-is” condition. That’s why it’s a good
idea to bring a mechanic along, or ask them for a professional opinion and inspection in case you are
bidding online and you have no chance for a preview of the car. As we mentioned earlier our online public auto auction platform allow people to enter dealer auctions to perform a car inspection for an additional fee.
The Conclusion
A public Auto auction is always a great opportunity that is within the reach of every
person over the age of 18. If you are careful and plan your every move, you are likely to
make good money or find the car you want for a fraction of its regular market price.
Once you get the hang of it, bidding on cars at a public auto auction becomes easy. Don’t
hesitate: register today on bidexport.com.
There are thousands of amazing deals waiting to be made, so why wait any longer?
