Online Auto Auction Open to the Public  

 

It may sound a bit strange but many times an online auto auction is not open to the public. An online auto auction open to the public is actually quite rare. Most of the online auto auctions are not in fact open to the public. If you are an individual and not a dealer, probably the best place to look is Auctionresource.org

 

Click here for a list of the top online auto auctions open to the public 

 

Most online auto auctions are geared toward dealers, in many cases you have to have a dealers license to participate. Getting a dealers license is no easy feat. In many cases the online auto auction will require that if you do not have a dealers license that you have someone with a dealers license bid for you.  

 

Typically a person with a dealers license will charge you a premium for bidding for you. This premium will vary according to the cost of the vehicle and how much time the dealer has to bid for you.  

 

You Can Save Money 

 

An online auto auction open to the public can save you a ton of money. First off if it is open to the public it means that you do not have to pay someone else to bid for you. Secondly auto auctions generally speaking are a cheaper way to purchase a vehicle.  

 

There are a few caveats that you must understand before you begin your bidding. You have to register and often will have to leave a deposit with the website. Each website will vary with the amount of the deposit that you have leave but you can expect to pay anywhere from two hundred and fifty dollars up to one thousand dollars.  

 

Usually the deposit is refundable if you do not win anything.  

 

Competition  

 

The downside of an online auto auction open to the public is that because it is open to the public there will be tons of competition. You may be at a disadvantage if you do not live in the area where the actual vehicle is stored.  

 

Checking out what you plan to bid on will be impossible if you do not live in the area so most likely you will have to pay for someone to go check things out for you. Folks that live in the area will be able to see the vehicles first hand and be able to check things out.  

 

Click here for a list of the top online auto auctions open to the public 

 

A Good Option  

 

Overall an online auto auction open to the public is a good option. You can take your time view how the auction works and get to know your competitions bidding habits before you bid. This will give you an idea how things work. You can save money at an online auto auction open to the public and ultimately that is the goal!