A car dealer auction is a very special type of auction in which millions of vehicles are sold at such dealer auto auctions every year. In these auctions only licensed dealers can participate but these auctions are restricted for the general public https://www.facebook.com/MikesAutoShack http://mikesautoshack.wix.com/mikesautoshackreview

1. Car Dealer Auctions - Mikes Autoshack,
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A car dealer auction is a very special type of auction in which millions of vehicles are sold at such dealer auto
auctions every year. In these auctions only licensed dealers can participate but these auctions are restricted for
the general public. There are different types of vehicles which can be found in these types of auctions are:
- Company or fleet cars: Although it is not common to see the current year models sold at the car auctions,
companies of different sizes owns or lease cars, vans or trucks that they are kept for two or more years. Usage
of the company cars varies greatly from the executive luxury sedan driven carefully as well as slowly on
occasion to the delivery truck which regularly mounts the curbs and also gets abused in the city traffic.
- Off-lease: Vehicles which are returned to the financial institution at the end of a lease term and the closed
auctions are usually the only venue for these types of financial institutions to dispose of a large volume of end
of lease returns. The terms of a lease normally put a restriction requires regular maintenance, penalize for
excessive wear as well as the number of miles driven.
- Repossessed: Vehicles can be voluntarily as well as involuntarily repossessed by these types of financial
institutions for the delinquency or another reason for the recall.
Here are some few steps that will help one in buying a car at an auction:
- Find an auction which sells the new cars and where the public is also allow to attend: Most of the auctions
are for the dealers only but some are also open to the public. All of the vehicles at an auction are generally
repossessions, government vehicles, off-lease, ex-rentals, etc.
- Look at the inventory listing and select some vehicles.
- Check out the vehicles at the auction house: There must be a pre-viewing session for the cars before the
day of the auction. Do all the things ordinarily while buying a used car which also includes popping the hood,
check underneath for fluid spills, etc.
- Do the diligence on handful of vehicles.
- Establish the base price for what one is willing to pay.
- Just go for few auctions to get the idea of how bidding goes: The auctioneer will let the vehicle go without
the bidding since they’re moving through these vehicles if there is no starting bid.
- Watch the trend as well as the mood of the crowd in the bidding before the vehicle comes up for sale:
There are spendy as well as frugal crowds in the auction and some furniture, tools and kitchen cabinets are
also sold for full retail in a store at the same auction house on different days.
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