Participating in an auto auction

The first step to buy a used car from another country is to participate in an auto auction. The idea of auto auction is nothing new. Even in domestic sales, auto auction is growing in popularity. In international market too, there are a number of online auto auctions, where you can bid the highest price to get your desired car. Auctionexport.com too has made a name in international auction market.

Unlike first hand cars, used cars have variable prices depending on their condition, age and present performance. The proprietor of the car will always want to let it go with the best of prices. This is why the idea of auto auction has gained in popularity.

There are various kinds of auto auctions. Public auctions and dealers’ auctions. In public auto auctions, public can participate and bid a price, whereas dealers auction is limited to the dealers only. Salvage cars are also sold in this way.

Auto auction multiplies the chances of a getting the right price for a car. Previously it was restricted to domestic sales only. But now, with the spurt of online facilities, one can put up his own car for sale for a certain period of time. Then he selects the best price that he gets within that time and sells to that person. It is good for the buyers to, as they get to bid for a number of cars of their choice.

Yet there are potholes too. You can only see a photograph of the car. You never know what the actual condition is like. So this transaction is more advisable for dealers, not for individual buyers.