How much is a car at a dealer's auction?

Question

I have a friend who is a used car dealer...he said I can accompany him to a dealer auction. He said bring some cash if I ever need a car. I know that dealers buy used cars at auctions for very cheap prices, then sell them for thousands more. Can anyone give me prices on cars that have been bought at dealer's auctions?

Answer 1

I think it's more important for you to know that you are opening yourself up for a potential risk when you buy from auctions.

Often these are cars that were previously totaled, or salvaged. If you go this route, go armed with knowledge. Carfax doesn't know everything but it's a good start.

http://www.carfax.com

Answer 2

This is an easy one to answer---As i have sold cars and been to the used car auction. Most dealers go by black book value, which is an impossible book to get. That book shows them what the average price for that car is at auction. But since you can get a NADA book almost anywhere, the best way to figure it out is to take whatever they say "trade value" is worth then deduct $2800 to $4500 then that is usually what that car will bring at auction. I still have the last car i bought at an auction, and its still worth about the same price i paid for it because i got it for "black book" price. Hope that helped!!

Answer 3

go to http://carauctions.deals-guide.com
hope this helps