Frequently Asked Questions
An in-person car auction is an event where vehicles are put up for sale to the highest bidder. It takes place in a physical location, such as an auction house or a designated venue, where potential buyers can attend the auction in person.
In an in-person car auction, registered bidders gather at the auction location and bid on the vehicles that are presented on the auction block. The auctioneer starts with an opening bid, and interested bidders raise their hands to place their bids. The bidding continues until there is only one bidder remaining, and that person wins the vehicle.
To participate in an in-person car auction, you need to register beforehand. Registration requirements include providing identification, proof of residence, and a deposit. Once registered, you can attend the auction and bid on the vehicles that interest you.
Yes, in-person car auctions allow potential buyers to inspect the vehicles before the auction begins. This inspection period gives you the opportunity to assess the condition of the vehicle and determine its value. It’s important to carefully inspect the vehicles you’re interested in and consider any potential repairs or issues.
Test drives are not allowed at in-person car auctions. However, you can check the interior, and examine the vehicle’s features.
Winning a bid at an in-person car auction is considered a binding contract. If you change your mind or fail to complete the payment, you will face consequences such as losing your deposit.