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can I join a car dealer auction to buy a car?

31 14 November 2, 2017 at 09:35 PM
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I am not a dealer, but would like to purchase a car. Located in CA, Bay Area.
Thoughts? Thanks

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#2
Typically, no.

Best bet is to befriend one.
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#3
You can have an "individual account" on copart.com
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#4
i found a chinese repair shop that would bring you to dealers auctions in hayward,he would buy the car you liked ,i would ask around,you pay them a small precentage ,years ago it was $200 its probably alot more now
cars would go through quick 3 at a time,there would be green red and orange traffic lights,green would be no problems with car,orange some problems,red problems with car or paperwork. youdont have much time to look at them they go through in about 3 minutes,you bring all cash,plus all the taxes,,cars went or about 25% retail price
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#5
copart.com shows pretty much only totaled options for the car I am looking for - BMW i3. I am still hoping anyone has a recommendation for someone in the Bay Area? Thanks
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#6
Quote from phillint
:
i found a chinese repair shop that would bring you to dealers auctions in hayward,he would buy the car you liked ,i would ask around,you pay them a small precentage ,years ago it was $200 its probably alot more now
cars would go through quick 3 at a time,there would be green red and orange traffic lights,green would be no problems with car,orange some problems,red problems with car or paperwork. youdont have much time to look at them they go through in about 3 minutes,you bring all cash,plus all the taxes,,cars went or about 25% retail price
Thanks for the info. I'd consider heading down to SoCal if I could get a good lead.
Anyways, 25% of retail seems low, I assume you are referring to 25% less than retail? This is the range I was hoping for..
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#7
Anyone have more info about this kind of what I would look into when buying a car whats the catch here? I assume the catch is pay up front cash? Seems like a good way to save big on buying a semi new car.
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just being slick
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#8
We have couple auctions around here, public or dealer. The dealer auctions, public s--- out of luck

public you had to pay a deposit to get a bid number. If you bought a car, you had to pay that day.
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#9
If it a true dealer auction, then no, you cannot purchase cars there. If an auction is open to the public, you generally will not find dealers there. There are different laws and regulations in most states pertaining to dealers versus individuals, and the assumption is that dealers need fewer safeguards are they have expertise in the business. Also keep in mind that at most dealer auctions, the cars are parked in a large lot or even a dirt field, and you will generally not have the opportunity to drive or even start the cars. Many might not even have keys included. You can look them over, but it is entirely possible you will wind up with a car needing major mechanical work, and you almost certainly will have to tow it or load it on a flatbed. In any dealer auction there are a small number of cars that are complete garbage mechanically. For most dealers, this is a risk mitigated by the fact that they are buying hundreds of cars each year. But for an individual buying a single car this is more of a risk. You'll also need cash up front, and most finance companies will not arrange financing on a purchase from an auction.

Having said that, you can find some good deals at an auction. The dealers buy based on their average sale price minus the cost of refurbishing the car with a profit, so the prices will always be less than virtually any other source of a car. Your best bet is to contact your friends and see if anybody in your social network knows a car dealer. Some will allow you to tag along to an auction and buy a car. Many will not, as they don't want the headache if you wind up with a lemon. But it doesn't hurt to ask.
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#10
Quote from Robot24
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Thanks for the info. I'd consider heading down to SoCal if I could get a good lead.
Anyways, 25% of retail seems low, I assume you are referring to 25% less than retail? This is the range I was hoping for..
it was 25% of retail price then you add in taxes and car repair place dealer fees
so a 10,000 car was going for $2500,a dealer will not buy a car for more than 50% of retail,this was a proper dealers auction that only allowed dealers in
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#11
The auction I went to allowed dealer and public. Dealer only showed up if it was a car they wanted.
Back in the upper 80's a new corvette came through. Dealer guy raised his hand and kept it up until 12k.
He could have been bidding against himself. Not one person bid against him
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#12
I have been in the same boat, bought plenty of cars on copart but I need one with a clean title because of my new insurance. Copart does not have the car I want with a clean title and has not for months. What I am looking at doing is actually becoming a dealer. It's a quick online course, some paperwork and about $1200 total. Also, have to have a bond and some insurance requirements. Honestly, its not that bad and I bet I would save more money and I can maybe sell a car or two.
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#13
Recently I ended up in getting a deal in which a dealer bought a lease return car in an auction.
A hobby mechanic had a dealer license(he is not really a dealer), bought a car for his son in an auction(Hybrid electric). This son didnt like it and sold it to me for the same price that they bought it for in a couple of weeks. The dealer didnt register it, I have registered it directly from the lease returned (original)dealer name. I got a great deal without knowing the background.
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#14
Quote from phillint
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it was 25% of retail price then you add in taxes and car repair place dealer fees
so a 10,000 car was going for $2500,a dealer will not buy a car for more than 50% of retail,this was a proper dealers auction that only allowed dealers in
I'd like to know what auctions (besides salvage) that have prices like that. Around here, a clean $10K car would sell for at least $7000 at auction.
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#15
Quote from atikovi
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I'd like to know what auctions (besides salvage) that have prices like that. Around here, a clean $10K car would sell for at least $7000 at auction.
the auction was in Hayward,some $27,000 electric cars go at these dealer auctions for $4000
which is a use hit,they are 3 years old.as said most dealers want to pay 50% less than retail if they are paying 7000 for 10,000 car they will be losing money
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