How To Sell A Car At Auction

By: Banks Jefferson

Break Studios Contributing Writer

How to sell a car at auction is easy and rewarding. Cars go to auction all of the time. Bidders look at vehicles with a sharp eye, trying to get the best value for their money. The vehicles are placed into two categories; as is and ride and drive. The better the condition of the vehicle the more the bid price is but if the appearance looks unkempt the bidding will usually remain low.

  1. Polish the car and give it a good cleaning. Make it as appealing as possible
  2. There is a charge when a car is put up for auction and the auction company gets an additional fee if the vehicle is sold.
  3. The transmission and engine must be in working order and if the car is from a salvage situation it must be acknowledged.
  4. The title can be transferred on the spot from the seller and the auction company can apply for and transfer the title with the auction purchasing process. The title is mailed from the state offices directly to the purchaser.
  5. There are is an extra percentage charge for using credit cards. Check to find out what form of payment an Auction is taking.

Some auctions are public and some are for dealers only there are cars of all ranges from luxury to utility vehicles, trucks and sometimes farm equipment. Auctions can last for hours with the Auctioneer talking at such a rapid pace it can be difficult to understand the lingo. The atmosphere is not as formal as one might expect. Hands are raised as the buyers scrutinize the merchandise with concentrated looks; kicking tires, listening to every sound of the engine and checking out the interiors of the vehicles. Bidders at the auctions have different budgets and they have different reasons for bidding on a vehicle; some are for personal use and some for resale.

Posted on: May. 22, 2010