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Car Auctions 101

by K. Lynn Wallace, esq.

Creative Commons

When someone's car is repossessed you may have an opportunity to get a great deal on that car at auction. Car auctions are exciting events where you can get a great deal on a car if you know what you are doing.

  • How to Buy a Car at Auction

    Before buying a car at an auction, it's important to understand that the procedures for inspecting vehicles is different at every location. Find out how to communicate to Read More

  • Tips for Buying a Used Car at Auction

    Automobile auctions allow dealers and brokers to purchase cars at wholesale prices for their business. Automobile auctions can be a great way to purchase used vehicles and Read More

  • How to Make Money at the Car Auctions

    Making money through car auctions can be done by purchasing demo vehicles or program cars from auctions and offering them at a retail car dealership. Turn a profit from Read More

  • Tips on Buying at Auctions

    When buying items at an auction, don't overbid on everyday items; however, raising bids can be done for a personal or special item. Buy items at auctions depending on Read More

  • About Government Auctions

    Long before online auctions became popular, the United States Government had been auctioning off surplus goods and real estate to the public. Many seized and surplus items Read More

  • How to Bid at an Auction

    Unlike the fictional auctions you see in movies, real auctions offer simple and well-organized bidding processes. Before you attend one, familiarize yourself with these basics. Read More

  • How Does a Property Auction Work?

    An auction agency will be able to give you listing and preview dates of upcoming properties that are slated for auction. If you want to sell your property via an auction, Read More

  • The Best Ways to Sell a Car

    If you have a car to sell, you can sell it yourself through an auto dealer or an auto auction. To get the best results, don't just come up with a price. Figure out why your Read More

  • The Process of a Car Repo

    When the lien owner of a vehicle--usually a finance company but sometimes an individual--makes the decision to repossess collateral for non-payment, an Order of Read More

  • Tips for Buying Used Cars

    You can save a great deal of money by buying a used car instead of a new one. A new car drops in value as soon as you drive it off the dealer's lot. A used car has already Read More

  • About Buying a Car

    Purchasing a new car is one of the biggest investments you will ever make. Many people approach this major decision backward or with little information at their disposal. Read More

  • Things to Do When Buying a Car

    Buying a car can be nerve-wrecking, whether it is your first car purchase or your tenth. There are ways to minimize the stress of buying a car.The next time you go shopping Read More

  • How to Inspect a Used Car Before Buying

    Some used-car buyers answer classified ads and approach these vehicles with great trepidation. Such anxiety is rarely justified, but careful inspection is wholly warranted. Read More

  • About Car Liens

    A car lien is a way for creditors to insure their money if a client defaults on a loan. For a borrower, a lien can net a lower interest rate, saving significant money. A Read More

  • What Happens After Car Repossession?

    Car repossession takes place when an individual defaults on his car loan by not paying for more than two months. The financial institution or lender sends out employees or Read More

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