Is A Public Car Auction Right For You?

If you’re like a lot of folks these days looking to save money and get value, you spend a lot of time researching before you settle on that used car to purchase. You might even be aware that many cars on the market have been purchased by car dealers from a variety of auctions. Have you ever been tempted to check one out for yourself?

The significant benefit of a public car auction is the price tag. Creditors and government agencies are eager to sell these vehicles as quickly as possible, in order to recover what money they can and eliminate the need for continued storage and maintenance. Accordingly, it isn’t uncommon for bidding to begin at a small percentage of the car’s street value. Two other modern-day benefits are the opportunity to get cars’ VIN numbers and general information in advance of the auction, and the ability in some cases to actually bid online.

If you can tolerate moderate risk, endure the possible disappointment of being outbid, have the ability or connections to make needed final repairs, and enjoy doing research, then public auctions may be a good option. Conversely, if you are uncomfortable purchasing a car you can inspect carefully but not test-drive, dislike the competitive environment of auction bidding or lack much automotive knowledge, you might be better off buying in a different environment.

The CarAuctionsCarolina website has addresses, website and contact information for 9 auction locations across North Carolina.

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