With the emergence of internet, many auction companies have migrated their business online and gained a wider audience. With the prices the cars go for at these auctions, it is no wonder that this way of purchasing cars is gaining popularity.
What Cars End Up in Auctions?
All sorts of cars can end up at the auction, for a number of reasons. You will find cars being auctioned off by government agencies, as they are looking to shed surplus property, while some vehicles have been seized in law enforcement actions.
These auctions, as well as other public auctions, can be accessed by anyone. However, there are auctions that are only open to the holders of dealer’s licenses, dealers and other members of the automotive industry. If you don’t own a dealer’s license, you can partner up with a car broker and gain access to the closed auctions where new cars are sold at wholesale prices.
However, among all the auction houses available, there are a few that stand out and make your online purchase a safe and pleasant experience.
The Standout Performers
Copart, Cars.com, Manheim,Adesaand IAAI are known globally for the quality of their services and for the wide range of vehicles they offer.
The big auction houses usually also offer the service of delivering the car to your desired address. However, make sure you know what the cost of this service is as it depends on the distance and whether you are delivering the car within the United States or exporting it abroad.
You are always able to use an independent transporter to deliver your car if you are satisfied with the cost. In any case, look up all the rules and regulations regarding the car transport related to every specific auction house.
In case you are looking to transport the car yourself, check out what options you have to load the car and what paperwork is required for you to take the car over.
How to Transport Your Car
There are several ways you can have your car transported and which one you chose depends on your preference. It is always better to do research on the rules and regulations of car transport in order to avoid possible fines, especially if you intend on transporting your car yourself. Hiring a transport company works better and takes the stress of arranging everything yourself away.
Shipping Overseas
In case you intend to have the car exported abroad, your car will travel by several means of transportation, starting from the auction venue. It will be transported to the nearest port and loaded onto a ship and sent on its way.
This process can be complicated, so the best option is to hire a transport company that will arrange everything for the car to pass customs and be safely loaded onto the ship. Make sure you include the transportation costs into your overall budget as these fees also affect the value of the purchase.
Get Familiarized with the Law
Every auction may have its separate set of rules when it comes to purchasing and delivering the cars, so it is imperative that you go through all the rules and regulations before even attempting to make a purchase. This will save you from mistakes and possible added costs as your ultimate goal is to get a good car for as low price as possible.
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The same goes for the transport arrangement. Make sure you are familiar with all the requirements in order to avoid additional costs.
Using a Car Broker
While buying cars at online auctions can be very easy, there are some possible setbacks associated with this type of purchase. Transportation can be a major issue for someone who does not have time to do thorough research, compare prices and pick a reputable transportation company.
This is where it is best to hire a car broker who has all the necessary knowledge. Although you will have to pay a fee for their services, they are able to save you money on the purchases as well as on the transportation costs, whether you are delivering it in the United States or abroad.