Auto Auctions and Bidding?

Question

Okay I've never been to an auto auction and was wondering how does the process go? Do they let you walk around and look at the cars and have a mechanic check it while the bidding is going on, or do you have to check the cars before the auction start? and do they bid one car at a time, or do they bid many cars at once? and do you actually have to still bid on the car if you're the only one that wants the car? and no other bidder's have stepped up ? and besides paying for the car itself, what other items do you have to pay for (such as title, liscence plates, etc.) and how much extra would it cost you?

Answer 1

My daughter bought her first car from an auto auction. (we are in Indiana)......We won the auction for $975.00, had to pay the sales tax, the auction fee (which is based on the purchase price of the car), and a $25 fee for the temporary plate they gave her. If you have a license plate that you can take to put on the car...you can save yourself that $25.00. They will take all the information for the title, send you with a bill of sale and all necessary paperwork if you would get stopped, and mail you the title when the transfer is complete. We wound up spending about $1150 for a $975 car. Not to bad of deal for the car she got. Had absolutely NO mechanical problems...however, it's all chance...you can check them..but you can't test drive them. You can contact the auction house to see exactly what the fees are...
Yes...they let you walk around and look at them..pop the hood, start them....and run them through the auction process one at a time.

Answer 2

To answer your questions in order:
1: They should let you look around BEFORE the auction, probably not during.
2: You will probably be bidding one at a time, but it will depend on the size and style of the auction, you might see more.
3: For each car there is usually a reserve, if you are the only one who bids on the car, you will have to meet or beat this reserve to "win". ( they usually don't tell you what the reserve is, so be care-full not to over or under bid.)
4: and YES, there are ALWAYS extra fees. Though you would have to call the auction to be sure what all may be included.

Answer 3

there is very generally a reserve on a vehicle. is this a stay public sale? no remember if that could be a stay public sale, that is not uncommon for the broking who owns the motor vehicle to bid on his own motor vehicle. they are going to the two do it themselves or have a shill interior the gang working the fee up. one way or the different, the business enterprise gets their minimum on that vehicle