the complete guide to buying a car at auction | Auto Express www.autoexpress.co.uk › Features › Tips & advice
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Buying a car at an auction works like any other aspect of an auction. You bid on the item and, if you have the highest price, you head to the counter to pay.
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An auction can either be attended physically or online. Every car has a listing price, and if you are interested in a particular car, you can place your maximum ...
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The auctions we provide are timed-online which means the auction is held over a period of time and this allows you to research the lot and bid with confidence.
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28 Oct 2021 · So how exactly do vehicle auctions work? Before the official bidding starts at an in-person auction, all the vehicles are driven to the ...
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29 Apr 2022 · Many auctions require an entry fee or a small down payment to make sure you have the money to back your bid. Be on the lookout for hidden fees ...
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29 Nov 2018 · So how do they work? You can either attend in person or online. Cars are listed with a starting price. If you are interested in a car, after ...
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6 May 2020 · How Do Auto Auctions Work? · Research the listings — Browse the listed vehicles and make note of any lots that meet your needs. · Show up early — ...
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8 Sept 2022 · The seller will set a reserve price before the auction, which is the amount that will trigger the car to go on sale and therefore, any bid after ...
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The auctioneer is there to sell cars for as high a price as possible – the auction house earns a percentage commission on each car sold. They'll invite bids on ...
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Duration: 14:56 Posted: 11 Sept 2018 VIDEO
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12 Jul 2022 · How repossessed car auctions work · Repossessed cars · Pricing at auctions · To Register · Your deposit will be lost if you default on a successful ...
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5 Feb 2021 · How do auto auctions work? · To check out the cars at an auction, there are often limited windows to preview the vehicles for in-person events.
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1) Sell to the highest bidder: where the highest bid wins at the end. 2) Sell with a declining price: where the price falls until someone purchases.
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Once the bidding has passed any reserve price, vehicles are sold to the highest bidder, so make sure you always stay focused and alert, and you only agree to ...
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