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It is a very silly move if you attend a government car auction with the intention to bid and purchase. There is a possibility that you will end up paying more than what the car is worth, have a problematic car or have problems financing the car. So before you head to an auction all ready to start bidding, here is a list of things that you need to check and know first:

• Know what car you want

This includes knowing the price range of it so that you wouldn’t keep bidding even when the price goes over the range. Besides, at an auction, you shouldn’t even be paying almost the same price that people pay to used car dealers. It should be quite far less than that. To have an idea of how much people usually pay at car auctions, search for a list of winning bids online.

• Know what you are expected to pay

The final sale price of the car sometimes includes other fees, depending on whom the auction was organised by. If it is a government auction, then there will not be any charges or fees. However, if the auction was conducted by an auction house, then it is likely that there are fees that the buyer has to bear. A norm is that the sale price is made up of the amount of the bid, 11% buyers premium, smog fee and documentation fee. There is also sales tax where the rates differ by the region where the car will be registered, and Division of Motor Vehicles (DMV). With this in mind, you wouldn’t be surprised when asked to fork out at least of 15% more of the car price.

• Know your financial situation

You need to check how much you have for a down payment and are willing to spend. Prior to attending an auction, find out if your financial situation allows you to apply for a loan. You can speak to a financial institution and they will also advise you on the procedures and the documents to bring along for the auction.

• Know what happens in an auction

You can attend one just to have a look at what happens. This makes you better prepared for the next one, especially if you are going to bid for a vehicle. Simply look it up online to see people’s experiences on an auction.

By being better prepared, you are also more likely to win a bid at a car auction.

Question by dr.estebandelpleno: Where can I find a PUBLIC list of car auctions in New Jersey?
Please, no pay listings–I know this information is public but the sites that charge for lists of auctions do a good job of blocking anyone from posting such a list. Does anyone know of car auction sites (physical or web) , dealer or private?
Thanks.

Best answer:

Answer by kennedy_34ia
Have you tried craigslist.com? They have a bunch of used cars. might be what you’re lookin for.

Give your answer to this question below!

Before I get too much into the nitty gritty of my car auction website reviews, I want you to understand that all three of the car auction websites I have listed here are excellent and I highly recommend them all. These are definitely the three top car auction websites in my opinion. Listed in no particular order:

Gov-Auctions.Org

This is a great car auction website. This website has a ton of auctions that they pull their inventory from. The types of auctions represented here are local and national government agencies. This site is a very good one to start with. You definitely can’t go wrong with this site. They also give you a lot of free bonuses with your membership, so definitely check this one out.
SeizeCars.Com

Another great car auction website. I actually like the look and feel of this website better than the first one I mentioned. Again, this website pulls from a bunch of auctions. They also offer a bonus of foreclosure information if that is something you want to get into, so this site is also definitely worth a look.
AmericanCarBargains.Com

Buy cars cheap is the montra of this car auction website, and you can definitely get cheap cars here. Another can’t miss car auction website with a very easy to navigate and use website. This may be the easiest website of the three to use and is definitely worth checking out.

Again, these are not all the car auction websites out there, but these are three of the best and easiest websites I have found. I hope you will also find these beneficial to you.