Defining The Auto Auction

You can find cheap used trucks at most auto auctions — a variety of auction that pushes only vehicles like cars, trucks, SUV’s, and more. Several millions of cars find new homes every year thanks to these types of auctions. Unfortunately, most are reserved for dealerships looking for new products to sell, but there are others that do cater to the public. Online auctions are also starting to gain popularity, for instance through eBay.

Extreme Low Pricing: Truth or Lie?

There are without a doubt some incredibly low prices present at each auction. Vehicles have been known to be driven off the lot for 90% off the price of an original, a sale owed to the fact that many cars that have been reposessed are shoveled back out into the market through auto auctions.

Many dealers have introduced the concept of “reserve pricing” lately to combat the low prices. What “reserve pricing” means is that a dealer will only sell a vehicle to a bidder if their winning bid is at or over that reserve price, which happens to be declared before the auction ever takes place.

On the flip side of the coin, car prices can zoom skyward just as easily as it can drop through the floor. Picking up your dream car for bargain basement pricing isn’t impossible, but it doesn’t happen often.

Where Can I Find An Auto Auction?

You can find an auto auction nearby regardless of where you are in the country. They’re usually held by privately sponsored auction houses, police departments, or Federal or government agencies. Schedules of when and where these auctions are taking place near you are usually available in the participating agencies’ offices, online in websites or even in company brochures and local newspapers. Go ahead and check one out — maybe you’ll find that cheap used truck you’ve been looking for!

Registration Required

One downside to vehicle auctions is that you need to pay a registration fee to get started. This fee is paid at the site of the auction on the same day as the event.

Bare Bones Manufacturer’s Warranty

It’s important to consider that any car you buy in an auction is not going to carry an “in house” warranty like a dealership would. Any manufacturer warranty would still apply, though.

Do These Vehicles Actually Work?

Cheap used trucks and other vehicles you can look at during an auction aren’t available for test drives, but any bidders who would like to can do some small scale testing. Try out the air conditioning, heating, the engine, and many other accessories which can run while the vehicle is on. It’s not much, but at least you know the ignition will turn.

How Is Payment Issued?

Vehicles sold at auctions must be paid for, and fortunately they’re paid for the same way you’d buy a car anywhere else: credit card, cash or check. Just to be on the safe side, double check with the auction house and figure out if there are any special rules for your auction.

When An Auction Is Won…

When you win an auction, you are legally bound to pay the amount you agreed to pay over a certain period of time. If you’re not able to make your payments for whatever reason, you’ll be charged additional fees and penalties to compensate for your misjudgement.

Used commercial vehicles are easy to find at auctions country-wide, but they’re also ready to be bought online. When you find one you like, do some research into the seller and their business practices. Buy cheap trucks from a verified web resource that can help hook you up with the right vehicle through a dealer who wants the right amount of cash.

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