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The Truth About Public Car Auctions (Part 2 Of 2)

June 27, 2007 | Leave a Comment


By Joshua Rose

…con’t from Par 1

So, lets talk reality here. Auctions CAN fit into your strategy for getting a great price on a car. And these auction web sites CAN make this easier for you. But let’s look at both the pros and cons to establish realistic expectations. Then you can be in a better position to decide if this is something you’d like to pursue or not.

First of all, there aren’t a ton of open-to-the-public auctions to begin with. This means it’s likely you’re going to need at least some amount of patience. Some auctions are quarterly, some are monthly and there are a few that are weekly. They’ve got to build up an inventory of cars so it justifies the cost of putting on an auction. And this takes time.

So, unless you’re a bit lucky, you probably won’t run out to an auction to get your car this afternoon. I guess what I’m saying is it’s not like visiting as many Dealerships as you want in a single weekend.

Next is pricing. There’s going to be other shoppers bidding … maybe even some Dealers. You’re not going to get a “good”, late-model car for a few hundred dollars. That being said, it’s not unheard of to get a $20,000 car for $10,000 to $14,000 … or a $15,000 car for $7,000 to $9,000. You can indeed get excellent buys below trade-in values, and sometimes way below.
But just forget about real nice cars for “under $500″, as is
often the hype.

Are there cars for under $500? Of course there are. And often good buys too. But they are not the late-model cars.

Next, you may have to go a distance. The good auctions may not be right next door to you. Many auctions do not have online bidding. They’re at a physical location. So, bear in mind that it may not be be particularly convenient.

All of this being said, it is true that there are excellent, money-saving deals at public car auctions. But please be prepared to both spend some time at it and to pay more than the hype implies.

About the author:
Joshua Rose is an Auto Broker who goes to Florida Car Auctions on behalf of car buyers. For information about Open-To-The-Public car auctions in your area, please visit Public Car Auctions.






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 The Truth About Public Car Auctions (Part 1 Of 2)  What Are The Best Car Auctions In Chicago? (Part 1 Of 2)  What Are The Best Car Auctions In Chicago? (Part 2 Of 2)  Online Car Auctions – 8 Great Reasons To Buy Online (Part 2 Of 3)  Online Car Auctions – 8 Great Reasons To Buy Online (Part 3 Of 3) 



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