Why do dealers send cars to auction?

Why do dealers send cars to auction?

Often, dealers will send out inexpensive cars to auctions rather than take up space on their lot that could have been occupied with a more attractive sale. Sometimes, good cars just sit for a while and rather than continue to pay for that car to be in the inventory, dealers will take their chances with an auction sale.

Are public car auctions worth it?

“Public auctions used to be good places to buy cars,” Lang says. “Now they’re not even remotely good places to buy a car. The only people who should go to public auctions are those who are exceptional in their mechanical inclination and training. If you can’t fix a car, don’t go to a public auction.”

Why are there dealer only auctions?

People on the retail market don’t understand that and auctions dont customers bad mouthing them. Dealers already have three financing set in place before they even buy the car. Dealers make the process a lot more hassle free for the auction so they like to limit the people that can come.

Where do auctions get their cars from?

The cars come from a variety of sources, including: local car dealers, private owners, government seized and impoundment vehicles, bank repos, and more. So you’re probably already at least a little bit curious about how public auto auctions in California work.

Why would a low mileage car be sold at auction?

Some cars have stayed too long at the dealer’s lot, so they are auctioned off as an alternative option to recoup some of the money invested. The original owners cannot meet up with their payments, so they’re repossessed and auctioned off by financial institutions to recover their money.

Do you have to be a dealer to buy from Copart?

In short, Copart requires you to have a dealer license to buy a car. This means that you, as a private buyer who does not own a dealer’s license, can bid and buy Copart cars.

Does Copart sell to the public?

Public buyers are eligible to bid on Copart auctions. ‘No license required’ vehicles are open to the public without restriction. View Copart’s public auction inventory today. Public buyers are eligible to bid on Copart auctions.