Buying clean and salvage titled and undamaged and repairable cars, trucks, boats, RV’s and travel trailers at vehicle salvage auctions is a great way to save money. New reseller programs now allow anyone to bid and buy at these auctions without a dealer license. There are over 140 auctions that are joining in on these programs and link to authorized dealers.
Whether buying a vehicle for yourself or to sell and make money, it’s a great way to search, compare, bid and buy all from your computer. There are transportation services that'll bring the vehicles right to your front door or export them overseas. There are also appraisal services that'll inspect the vehicles.
The different auction websites have search options that'll allow you to search by make, model, year range, location, facility. Title type. This is a real time saver, as there are thousands of vehicles auctioned each week.
The first step is to register with an authorized dealer/reseller. These are auto dealers that are approved by auctions to be in the reseller programs. There is normally a refundable deposit and registration fee to begin. The registration fees and vehicle purchase can be paid through various means, including, wire transfers or credit cards. Once paid, the member receives a bidder number and password where they can start bidding and buying- all from their own computer.
The member will first perform searches to find vehicles that they're interested in. They may put these on a watch list. Most auctions have the option to bid before the auction or during a live virtual auction.
The auctions also have transportation and appraisal services.
Once the member has bid and won the vehicle with the highest bid, they can pay and pick up the vehicle. A few authorized dealers have instructional videos for the overall bidding and buying process.
Buying at auction is an exciting way to purchase a vehicle. With the new programs the general public can participate in the same auctions with dealers that have been purchasing this way for decades.