When it comes to buying a used car, you can go to your local car dealer or bid in an auto auction. Here are 5 main reasons why the latter is a better option:
When you visit your local car dealer, you can physically check your options. But in online car auctions, you’ll have more options to choose from because most online auto auctions are nationwide. These cars vary in terms of model, year, mileage, and design. With so many car auctions available, you are not tied to a specific location alone. Some auto auction listings sites let you customize your search to display first those auctions near you.
Do you know that some car auctions offer their vehicles for as low as 90% its market value? The primary reason for the sale is to recover expenses or dispose the asset without losing its market value completely. Moreover, you can avoid buying the vehicles you want from dealers who also get their inventory from these auctions.
In less than a few hours, you can own your dream car! Online car auctions are no different from the regular ones: you place a bid, hope that you win, and if you do, you get your car.
Some people are too busy to visit auto auctions, while other people don’t like being in a crowded place. If you prefer the easiest way to bid, then online car auctions are for you! Although you cannot inspect the vehicle, some auctions offer bidders a full vehicle inspection after the purchase is done.
Many cars at auctions are sold as is. If there are defects, it’s your responsibility to get them fixed, should you win the bid. However, many of the vehicles are in pristine condition with great mileage. Plus, since you get to buy them very cheaply, you can enjoy a handsome profit in case you want to resell them.