HOW TO BID ON A CAR:
- Do your homework. Always know your target price range before you enter the “live” auction lane.
- Get in the auction lane early and listen to the auctioneer. They talk fast, and it takes a while to get in sync and understand what they are saying.
- There is usually a “ring man” in each auction lane. They are there to identify bidders and help them get the vehicle they are bidding on. Never bid unless you are sure that you are bidding on the right car and understand the amount the auctioneer is chanting. If you have any doubt what is being said, stop the ring man (or auctioneer), and ask them to clarify the bid amount. Once they are aware that you are having trouble keeping up with the bidding, they will make sure you understand subsequent bids.
PREVIEW A VEHICLE AT AN AUTO AUCTION:
- Start by walking around the vehicle for an inspection. When you have completed this step, decide whether the vehicle’s outer surface or structure meets your standards and expectations.
- Open the storage compartments, trunk, hood, and all entryways. Confirm that every one of these things open and close appropriately.
- Start the motor and let it sit for 2-3 minutes, then listen for any noises or unusual sounds.
- While the vehicle is sitting, engage the transmission to confirm that it engages in both “drive” and “reverse”.
- Take the car for short test drive within the time parameters, designated area, and speed limit on the vehicle auction property. If you are not sure what these guidelines are, go to front counter and inquire
- Once your examination is complete, utilize all the data gathered, research the market and book values, and determine your target acquisition price. Make sure to factor in the auction fees when setting a target price. Always know your target price range before you enter the “live” auction.
THE LIGHT SYSTEM:
Above the auctioneer there is a light system. Make sure you look to see what light(s) are illuminated and that you understand what they mean.
The seller represents that the vehicle is sound by the engine and transmission only when sold and subject to arbitration policy.
The vehicle is being sold “AS-IS”.
Listen to the announcement by the auctioneer, the seller must announce any defect prior to selling the vehicle (Salvage title)
Assignable title does not accompany the vehicle; the seller has 30 business days to produce the title to the auction. Refund only purchase price minus auction fees and tax.
Any vehicle that IS NOT sold on the block become a lot sale it becomes a red light sale.
You have one hour after the purchase of your vehicle to ensure your vehicle is sound under the policy. Engine and transmission only and the repair for one item must be more than $500.00 arbitrate (Dealers Only).
You are allowed one chance at arbitration. Arbitrator will inspect only the defect stated by the buyer. Repair cost will be determined by auction. Auction management makes final decisions on all matters.
The auction does not represent either the buyer or seller for any reason other than buying or selling of vehicles.