How You Can Get Your Next Car from Dealers Auto Auction

1. How You Can Get Your Next Car from Dealers Auto Auction autoauctionmall.com/learning-center/how-you-can-get-your-next-car-from-dealers-auto-auction-without-a-license/ By Alison Johnson Purchasing a car takes a lot of time, patience, and money. However, consumers throughout the US and in other countries have discovered a way that they can purchase used cars for sale, salvage titles, and even like-new vehicles for pennies compared to dealers. So, what’s the secret? Dealers auto auction are the answer to your question. You are likely used to purchasing a car by heading out to the local car dealership and haggling with the salesman only to go inside and find out that you have a mountain of paperwork waiting for you. A dealers auto auction is nothing like this and they may take you by surprise, especially the auctions that happen online. Not only will you be able to select the car you want, the entire transaction is done right in front of your eyes on the computer and you never have to visit a dealership. If you are wondering just how you can get involved and participate in these online dealers auto auctions, all you need to do is keep on reading below. We will go over what is takes to be part of these auctions, what types of vehicles are available, and how you can find the perfect car to meet your needs. Before you know it, you will know exactly why purchasing a used car from a dealer auto auction is better than purchasing one from a traditional dealer or even a private seller. Is Dealers Auto Auction Only Open to Automotive Dealers? You are likely wondering just how you can participate in a dealers auto auction when they are typically only available to dealers who have a license to participate in them. Okay, so many dealers auto auctions do require that you have a dealer license here in the United State, but, there are some ways around this. Let’s take a look at how you can get involved in a dealers auto auction online and get access to thousands of cars. Dealer Auctions That Take Place in Person 1/12

2. No matter where you live, there are likely dealer auctions that take place daily, weekly or even monthly. They are much more common than you think, but the public does not often know about them because these types of auctions typically require you to have a dealer’s license to participate in them. They are not open to the public and have restricted access. While most people would be turned off by this and simply move on, there are ways around it. If you wanted to get licensed as an automotive dealer in your state, you would need to look into the requirements, meet them, and apply, but that is not always as easy as it sounds and can be quite time-consuming. Many people do not have time to do this and simply do not want to worry about the hassle of it. On the other hand, you could work with a dealer who does have an active license and have them bid for you to purchase a car. You would need to establish ground rules for them and allow them to act as an intermediary on your behalf. Doesn’t sound like something you can or want to do? Not a problem. A majority of these types of dealer auto auctions are closed to the public and you will not be able to attend them other than taking one of the two steps above. However, there are auto auctions that do allow members of the public to join and this is where you can score big. These types of auctions are often put on by local customs and law enforcement agencies that need to clear out an additional room in their inventory. Another common place to obtain a car at an auction that is available to the public is at public government auctions. If you decide to attend one of the public access auctions we mentioned above, or you choose to circumvent the license by getting a license of your own or working with a third party, do make sure that you have read up on how to bid on cars. You do not want to make any bids that you are not willing to stick with and you want to keep your costs as low as possible too. Prior to bidding on a car, you should take a moment to visually inspect it and you should grab the VIN number to run a vehicle history report too. Before you panic and think that you are just out of luck when it comes to dealer auto auctions, there is one final way that you can participate in these auctions without a license and without having to find and head out to a local law enforcement auction. You can gain access to hundreds and thousands of different cars through online car auctions. These online auctions offer you access to cars and deals you would have otherwise not been able to get. Top 5 Online Car Auction Websites Top 5 Dealers Auto Auction Website 1 eBay Motors www.eBay.com 2 Salvage Bid www.SalvageBid.com 3 Auto Auction Mall www.AutoAuctionMall.com 4 Copart www.Copart.com 2/12

3. 5 IAAI www.IAAI.com 2 of the Biggest Dealer Auction Houses That Are Only Available to Car Dealers in the US 1. ADESA 2. Manheim If you know someone who has a car dealer license and bids through the above two sites or you have obtained a car dealer license yourself, then you are ready to go and can get to bidding. If you are not, then the five top online car auctions are an ideal place to start. Online Dealer Auto Auction Sites That Allow Public Access Online websites do allow the public to take part in many dealer auto auctions work in the same way that similar bidding sites work, such as eBay. Prior to using the website and making any bids, you will need to create an account for yourself and place a deposit on your account, so that you can bid. You may be wondering just how these sites are able to allow the public to access them, especially when other places require you to have a dealer license. The answer is quite simple actually. These websites are able to list vehicles for sale to the public from dealer-only auction sites such as ADESA and Manheim. In addition, these websites do have access to many different auction specialists throughout the US and other countries, which allows them to list cars for sale that you, the consumer, can purchase. Are Online Dealers Auto Auctions the Best Way to Purchase a Used Car? 3/12

4. Dealers auto auctions that allow the public to make bids on cars are one of the best ways for you to purchase a like-new, used, or salvage title vehicle. These websites open up the possibility of you being able to obtain the car you want for less money than if you walked into a dealer or went to a private party seller. Below, we will talk about three main benefits of buying your next car through one of these dealers. First, you will have the benefit of convenience. We all know that saying that time equals money and it is true. Each minute of your time has a price on it and if you spend too much time hopping from dealer auction to dealer auction, you are essentially wasting your time, especially if you do not have the license to bid. When you use these online auto dealers, you will be able to shop cars from the comfort of your own home. Yep, that means you can buy a car in pajamas if you wanted to. The second benefit is that you have a wide selection of choices. You will not be limited in what types of vehicles, colors, and models available. Of course, there will be some limitations, but you will find that you have more options than just visiting the local car dealer lot. Through these online car dealers’ sites, you will be able to browse vehicles in your area as well as vehicles from other areas too, so you have access to more than what may meet the eye. The third benefit is that the cars on these online auction sites are extremely affordable. Car auctions are one of the best ways for you to save hundreds and thousands of dollars on a vehicle. In fact, many of the vehicles you see on these sites are in good working condition and only a few hundred bucks. One thing you may not know is that local dealers and used car lots often stock up their lots with cars that they obtain from online car auction sites. 4/12

5. How You Can Get Started with Online Dealer Auctions Online dealer auctions are convenient, and you will find that you can obtain a quality vehicle for lower than you would if you were to just walk onto a used car dealer lot in your town. The convenience factor alone is enough to make you want to hop onto the computer and take a peek at the inventory, But, how can you get started? Is it free? Are there any catches here? Let’s take a look. Sign Up for An Account on Online Dealer Auction Sites When you locate an online dealer auctions site you want to use, you will first need to sign up to access their full inventory and also bidding options. Many of the sites will allow you to take a peek at the inventory before you do sign up, but to unleash the true inventory of the site, you will need an account. Don’t panic as this is an easy process and typically only requires you to create a username and password and enter in some basic information about yourself. It is important to keep in mind that many online car auction sites do require you to make a deposit to begin bidding, but you do not always have to make a deposit to view the inventory. Just keep in mind that before you can bid, you will need to have money on your account. Fortunately, the deposit amount does not have to be the amount you want to spend on a car and most online car auctions only require a 10% deposit. Therefore, if you wanted to spend $2,000 on a car max, your deposit would be $200. Browse the Inventory at Online Dealer Auto Auctions Once you have setup an account, you will be able to view ALL of the vehicles that the site has available for auction. One thing you may notice is that some vehicles are on auction all of the time and then the site may offer special live auctions where you have to physically be online to participate. Once you get into the meat of the site, you will be able to select the year vehicle you are after, the make, model, and much more. Types of Vehicles Available to Online Dealers Auto Auctions Online dealer auctions are a godsend to many individuals because of the sheer volume and availability of cars is incredible. You will find that there are hundreds and thousands of choices available to you and the choice is yours to make. While there are many different cars to choose from, there are three main types of categories in which the cars fall into and that includes used, salvage, and like-new. Used Cars: What It Means at Online Dealers Auto Auctions 5/12

6. Much of the inventory that you will find at an online dealers auto auction site will be made up of used cars. This is a good thing because it means that you will have a lot of options available to you. These used cars can be on the auction site for a number of reasons to include overstock at a dealership, a trade-in, repossession, and so on. Salvage Cars: What it Means at Online Dealers Auto Auction While used cars do make up the majority of the cars offered on online dealer auctions, you will find that some of the inventory is made up of salvage titles. These types of vehicles are ones that the owner’s insurance policy has paid off at least 75% or higher of the vehicle’s value. We will talk more about what that means further down in the article, so keep your eyes peeled. If you are after a true bargain, then a salvage vehicle is the best choice. Like-New Cars: What it Means at Online Dealer Auto Auction We have gone over what used and salvage cars are, but what about the like-new options available at online dealer auctions. These are vehicles that are like-new, which means they have low miles on them and they have changed owners at least once in their lifetime. These types of cars are often from situations where a vehicle is repossessed, or it was used as a rental and so on. There is a bit more of a restricted selection with these, so it is important to keep an open mind as you may find the brand and model of car you want, but your color options may be limited. Are There Other Types of Vehicles Available at Online Dealers Auto Auction? Yes. While the three types of cars above are the most popular and you will find many cars, trucks, SUVs, and vans, you will also come across other types of vehicles on online dealer auctions as well. Some of these other vehicles include all-terrain vehicles, heavy-duty equipment, and even boats. Bill of Sale – What Does That Means at an Online Dealer Car Auction? As you browse through the inventory of cars online, you are likely going to come across a car that is labeled as “Bill of Sale.” This is something that you want to watch out for because it means that these cars do not have any type of certificate of title and the bill of sale is the only piece of paper and documentation that will establish the ownership of the vehicle. You want to stay away from placing a bid on these types of vehicles, even though the price may be low. The reason you do not want to bid on them is that you will be required to obtain a certificate of title before you can take possession of said vehicle. This is a complex process and can be slow and expensive in the end for you, so it is better to avoid them. Tips to Help You Find the Right Car in an Online Dealer Auction 6/12

7. As we have mentioned previously, you can find almost any vehicle imaginable on an online dealer auction site. This is a wonderful thing, but it can make the process of narrowing down a vehicle pretty difficult, especially when you see all of the choices in front of you. So, how do you go about choosing the right car? Let’s break it down. Narrowing Down Your Choices at an Online Dealer Auction Prior to even looking at the different choices of vehicles available, you want to set a budget for yourself and make it a realistic one. If you can afford $2,000 comfortably, stick in that range. You can get a decent car for that price and there is no reason to strap yourself. Once you have a budget in mind, you can enter it into the tools on the online dealer auction site. Many of these sites allow you to put in a minimum and maximum price range, so it is wise to make use of this tool. One thing you want to keep in mind is that the budget you set is not going to be the final price of the car and you need to keep this in mind. Take some time to factor in the cost of transporting the vehicle, taxes, any fees, and registration on the vehicle and so on. So, do leave some room in your budget because you may need to make some repairs on the vehicle as well. Tips for Bidding at Online Dealer Auction Sites Prior to bidding on any vehicles, you see, you want to make sure that you have a clear budget in mind. The reason behind this is because it is easy to become consumed in the process and you may get carried away and then spend more than you want to. One of the nice things about an online dealer auction site is that if you find a vehicle that you love but it is out of your price range, you can almost bet that there is a more affordable version of it – all you need to do is take a look. With a clear budget in mind, you also need to make sure that you are an informed bidder before you make your first bid. You will find that many of the cars have a VIN number displayed on them and you can use that VIN number to obtain a vehicle history report. Since these are not live auctions, you will have the time to take a look at the vehicle history report to determine if the vehicle is right for you. How to Make a Payment for the Car(s) You Won at Online Dealer Auctions Once you have found the right car or cars and made your bid, you will eventually find out if you won. If you did win, you can do a happy dance – you are the proud owner of a car. Once you have been told you are the winning bid, you will need to complete payment for the vehicle you won. Remember how we talked about a deposit needs to be made in the opening of this article? This is where it is applied. The deposit amount will be directly applied to the purchase price of the car. You will need to pay the difference within the stated time frame on the website. 7/12

8. Depending on the online dealer you are working with, they may have specific payment methods that they accept, so it is important to take a moment and learn what type of payment you can submit. Often times, you will find that a certified payment is needed such as a wire transfer of a certified bank check. As we mentioned briefly above, you will need to make payment in a timely manner and many of the online dealers auto auction sites provide you with two to three days to make the completed payment. The deposit that you placed on the account is immediately applied to the balance. If you do not make payment within a couple of days or within the stated time frame, you will be charged a late fee, which can range in the amount but should be stated clearly on the website. Continued non-payment for a winning bid will result in forfeiture of your deposit and additional charges associated with re-listing the car. Delivery of Your Won Vehicle: How to Arrange the Delivery of a Car from an Online Dealer Auction Once your payment is completed, you will then need to make arrangements to have your vehicle delivered to you. This is an easy process, so you do not have to panic. In many cases, an auction specialist will reach out to you and work with you on setting up delivery of your vehicle. They will help determine what the best method is and let you know what options are available within your budget. Of course, you do have the option to arrange for transportation yourself and you can have the vehicle delivered right to your home. One thing that you need to keep in mind is that you will NOT be allowed to pick the vehicle up from the online auction dealers’ site. Typically, the best way to go is to work with the auction specialist who reaches out to you as they work closely with auto shippers throughout the US and you will be able to get some of the best deals this way. Salvage Cars: Let’s Get into What They Really Are We previously talked briefly about salvage cars and how they are one of the main types of cars offered at online dealer auctions. You will be able to clearly distinguish which cars are salvage because it will be noted clearly on the car’s profile on the website. One of the biggest misconceptions about these types of cars is that many people think the word “salvage” means they need to avoid it because the car is broken, does not run, and so on. The truth about these types of cars is that they are often times the opposite of what you may think. Salvage vehicles present you with one the best opportunities to get an incredible deal on a car. Salvage vehicles are ones that the owner’s insurance has paid out 75% or more of the vehicle’s value by said insurer. A write-off of a vehicle can happen for a number of different reasons. For example, the vehicle could have been damaged in an accident and labeled 8/12

9. totaled or the vehicle could have suffered damage from hail, flooding, or fire. But, these are not the only reasons, so do not let that scare you. To give you one example, a vehicle that is stolen is written off and labeled as a salvage vehicle. Once the vehicle is recovered, even if there is nothing wrong with it, it still carries a salvage title. Sometimes, insurance companies will write-off a vehicle in the event that they decide to settle a claim. Just because a vehicle has a salvage title does not mean that it is a beater box. The point here is that you do not want to avoid salvage cars just because of the word “salvage.” Take some time to look into their vehicle history and see why it was deemed a salvage. Re-Tilting a Vehicle That is Rebuilt from Salvage One of the difficulties that you will run into with a salvage vehicle, no matter its condition, will be when you try to register it. A salvage title is issued to all vehicles that are deemed to be salvage and no matter what county you live in, you cannot drive them on the road. In fact, it is illegal to do so. Because of this, you will need to make sure that you make any and all repairs to the vehicle and then apply at the local DMV for a rebuilt from salvage title. Before you do this, there are two things you want to keep in mind. First, each state has its own set of rules about rebuilding a salvage vehicle, so it is important to do your research and check all applicable laws to make sure you are in compliance. Second, any vehicle that has been deemed a salvage vehicle, will ALWAYS be a salvage vehicle, even if you do make the repairs and it is in good working condition. Can You Get Insurance for a Salvage Car You Purchased from a Dealer Auction? After you have retitled a vehicle that was labeled as a salvage, you need to secure insurance for your vehicle in order to be able to drive it on the road and register it with the DMV. This is required before the car is considered legal on the road. Insuring a salvage title can be quite complex, but fortunately, it is easy at the same time. To be able to secure insurance on your car, you will need to work closely with the insurer you wish to go through and shop all of your available rates and options. Basic liability coverage is fairly easy to obtain for your salvage vehicle and you may not run into any issues, but things can become more difficult when you want comprehensive or collision on your salvage vehicle. Do note that an insurer who has previously covered and paid out on the salvage vehicle will not do so in the future. However, do not count yourself out just yet. If you already have a car insured by an insurer in your state, then they may be willing to insure your salvage vehicle as well, especially if you have always paid your policy on time and have made no claims against your policy. 9/12

10. There are options out there for you, so do explore them and see if you can find someone who is ready to insure you. Prior to looking for comprehensive insurance on your salvage vehicle, you should ask yourself if it is really worth the cost too. Some individuals are happy driving with basic insurance and they do not see the need to spend more to have comprehensive. If you end up agreeing with this, then you will find that obtaining basic insurance is much easier. International Buyers: How You Can Use Online Car Dealer Auctions Consumers in the US are not the only ones who want to use online car dealer options to secure a car for themselves. There are many international buyers who use these sites and participate in the auctions. With the amount of money, you can save on these online auction cars, who wouldn’t want to participate in a great deal? Private Individuals and Import Business Dealers Can Use Online Car Dealer Auctions If you live outside of the US and you are a private individual or a business import dealer, you can capitalize on the opportunity to seize a car at an affordable price. You will have access to all of the vehicles that are available on the auction site and you can purchase one, two, or however many you want. One of the reasons why international customers want to purchase vehicles in the US and have them shipped to their country is because it is much cheaper to repair the car outside of the US, so they get a real steal when they purchase their vehicle. Rules and Regulations for Importing Cars from the US There are many benefits of shopping car auctions and foreign individuals have found it to be a wonderful way to obtain a car for a cheap price. But, before you just jump in and make a purchase of a US car and have it shipped internationally, there are some rules and regulations that you need to take into consideration first. You will need to make sure that you review the regulations and rules that your country has in place for purchasing and receiving new, used, and salvage vehicles. Not every country will allow you to have one shipped, so do make sure you know what to expect and the process before you make a bid. In general, there are some rules and regulations that are common knowledge across the world and you should familiarize yourself with these. For example, some countries have restrictions on the age of a vehicle that is being imported, so do check this out and make sure the vehicle is not too old to import. In addition, some countries may not allow, you to import salvage vehicles or they may have strict restrictions about it. Other countries will not allow any type of vehicle that has visible damage to the exterior. Always, always, always familiarize yourself with these rules before you bid on a US vehicle. 10/12

11. Understanding Taxes and Import Duties One of the biggest obstacles you face when you import a car from the US into another country is import taxes and duties. Each country has their own set of rules and they can vary from one country to another, but in general, these rules will outline the different duties and taxes in place for importing new, used, or salvage vehicles. It is wise to take time and learn what your country’s taxes and duties are before you bid on a vehicle. This way, you know what to expect at all times. Do make not if your country uses the CIF model for calculating import taxes and duties. If you do not know what CIF is, it stands for Cost, Insurance, Freight, and it is a numerical representation of the value of the vehicle plus the cost of shipping insurance and the cost of shipping. If you live in a country that does use CIF, you want to keep your shipping costs as low as possible. Fortunately, when you choose a shipping company, they can work with you to make sure that an international freight is affordable and fits within your budget. Do make sure that you investigate any additional fees that you may be charged when the vehicle is received on import. Some countries will charge different fees based on the size, type, and condition of the vehicle. Try a Dealers Auto Auction Online Today 11/12

12. As you can see from the information above, shopping for and purchasing a vehicle at a dealer auto auction online is worth it and you can choose from many different types of vehicles. As you explore your options, do make note of your budget and then consider all of the options that are available to you from like-new to salvage and used cars. You will find that the convenience and comfort of shopping for a vehicle at home makes using an online dealer auction worth it in many different ways. The information about will help you sign up for an account, know what to look for, and help you place your first bid. Today, you are on your way to be the owner of a vehicle from an online dealer auction. 12/12