I am trying to get my used car dealer license. I have never been to a car auction before. Normally, how much $$ below retail can you buy cars at an auction? Let's say good condition 10 year old Honda or Toyota or Nissan - How much can you buy them for?
2007-04-24 06:19:44 · 4 answers · asked by IZitall 3 in Cars & Transportation ➔ Buying & Selling
It depends on what kind of auction you are talking about. If you are talking about an estate auction there wont be as many cars then you probably are not going to get a great deal. However if you are talking about the large dealer auctions with 100 or more vehicles you can buy MOST cars for average black book value or in other words wholesale price. But I will also tell you that Toyotas and Hondas tend to bring top dollar as they are the most in demand. There are repo sales at the dealer auctions where you can usually get very good buys. Once you go to auctions you will get the hang of it. My husband is a used car wholesaler and has his used car dealers license.
I got your email and I could not send reply back so here is my reply back to you
You are very welcome for my answer. My husband is actually a dealer in
Ohio, but he buys and sells a lot of vehicles through adesa auto
auction, the website for that is adesa.com. For more information on obtaining
your dealer license try this website
http://www.dmv.org/tx-texas/dealer-licensing.php
And if you have more questions contact your local department of motor
vehicles (where you get license plates) and tell them you are
interested in getting a dealer license and they can probably get you into
contact with someone at the state level who can be helpful to you! Good Luck!
2007-04-24 07:44:23 · answer #1 · answered by brittevans13 4 · 0⤊ 0⤋
Dealer Auction Prices
2016-10-03 03:33:53 · answer #2 · answered by sesser 4 · 0⤊ 0⤋
An auction is the price that one of two people are willing to pay. In other words, if there are 2 people interested in a car, the price can go fairly high.
I would guess, the prices are close to the wholesale price, but it all depends on who is interested in it.
Go to an auctions site and look over their sold list and see what they sold for.
2007-04-24 06:25:07 · answer #3 · answered by Fordman 7 · 0⤊ 0⤋
Hi
You can get a good cheap car from auctions , you will find thousands of different auction and repo cars really cheap at http://www.carauctions.co.nr
Hope this helps
2007-04-24 07:00:33 · answer #4 · answered by John N 4 · 0⤊ 0⤋