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Now that you have found vehicles you are interested in, and performed a thorough inspection of the vehicles, you are ready to jump into the bidding process.

This is a quick process, and very much like what you might expect of an auto auction. The auctioneers conduct this process with lightning speed. It is to their benefit to move as many vehicles as possible, in the shortest amount of time. It would be a very good idea to actually watch the process a few times before jumping in yourself.

Now it's your turn. Before you enter, you should have purchased a buying guide such as N.A.D.A (which is usually available for sale at the auction site), and have a pretty good idea of the price range you want to pay, using the guide as a reference.

There are usually two (basic) types of auctions. The type of auction will usually be indicated by a set of lights above (or around) the auctioneer's tower.

1. Green Light: This type of auction usually provides for some sort of recourse after you purchase the vehicle, should you find certain problems after the purchase. This will not allow for a release from your contract for cosmetic, or minor problems, nor will it allow for release from contract for problems that you should have been aware of after your inspection. It, in most cases, only allows for a release of contract for major issues that could not have possibly been detected upon reasonable inspection of the vehicle prior to sale.
2. Red Light: This is an "as is" sale. Most of the vehicles in these types of auctions sell for less because of the risk involved, but, the only recourse on this type of sale is one offered because of obvious fraud on the part of the seller. Only an experienced mechanic, or dealer should attempt to purchase vehicles in these type of auctions.

Remember - if at any point you have concerns, end your bidding and wait for the next vehicle to come through. Don't get caught up in a "bidding war". In the end, such a "war" will cause you to pay too much. Let the less educated bidder over pay. You're there to find a deal!

Bidding On A Car Or Truck At An Auto Auction
Be armed with the best possible information when bidding.
Buy Cheap Cars The Same Way A Dealer Can, But Beware.

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