It doesn’t matter if you are a car auction veteran or a complete beginner, leveraging the power of live and online car auctions is essential to getting the best deals possible. The concept of bidding on vehicles without being present is nothing new. In fact, some people and dealerships will send representatives to live auctions to bid for them. With the power of the Internet, all of this can be done from the comfort of your own home.
One of the reasons that some people will shy away from online auctions is that they have no way to actually see the car that they are bidding on. However, almost every online auction now allows bidders to check out the vehicle several days preceding the auction. This ensures that you know exactly what you are bidding on.
It is still a little known fact, that many live auctions now have live webcasts so that bidders no longer have to show up to the auction. By utilizing these webcasts, you can now be at several car auctions at once. However, in order to use this to its full potential, it takes a little work before the auction begins.
The week leading up the auctions, you need to go to each auction house and take a look at the cars that will be up for auction. If possible, print out a list of the cars before you arrive and narrow down the list to what you are targeting, so that you can go to several auction houses in one day and not waste time browsing. Remember, you searching with a purpose; to get a great deal.
Once you have visiting looked at all of the cars that you are interested in, it is time to go home, crunch some numbers, and create a plan. If you are only looking to purchase one car for personal use, then it is simply a matter of deciding what cars you want to target and setting a maximum amount that you are willing bid. If you are looking to pick up several cars, you need to find out the approximate order that you will be able to bid on the cars. If you really want car A, but it is one of the last cars of the day, do you want to pass on earlier deals and hope that you get it? These are questions that you need to ask yourself.
Once the day of the auctions arrive, it is time to get busy. You can pull up a live webcast of all of the auctions at once. This way, you can monitor 3 or more car auctions at a time and get the best deals that each of them have to offer.
It is important to check and make sure that the auctions that you are interested in all have live webcasts, because some still do not. However, if they all have live webcasts, and you have done your homework in the days leading up to the auctions, then there is no reason that you should end the day without taking advantage of some great deals.