Free public auto auction are a mystery to some and it’s no surprise… You always hear about them save people tons of money but never from those who attend. So, you might be kind of nervous about going to one. But don’t worry, just keep reading and you’ll know exactly what to expect when you get there and will be able to drive away in the car of your dreams for way less than what you would pay elsewhere.
Free public car auctions are no different from any other auction whether online like eBay or offline like a silent options. The only difference is that they only sell cars. When you get there you will be allowed to inspect any car you want to about an hour or two before the auctions starts. It is also during this time that you’ll be required to register for a bidding number/card. This is very important if you plan on buying a car that day because you can’t bid on anything without it. So don’t forget to register!
After the inspection and registration time the public auto auction will begin. Then everybody gathers in front of the auction block and cars are brought to the front one at a time for you to bid on. You place you bid by simply raising your bidding card and somebody else out bids you by raising their card. This continues until the price eliminates bidders and there is only one left. The last bid wins.
If you are the winning bidder, you’ll then go to the office to pay for your car and fill out the necessary paperwork such as transfer of title and registration. Most auctions will allow you to put down a down payment and pay the rest within the next day or two. If you don’t pay your balance within that time the sale is then void and your deposit is lost. So make sure you have enough to pay for whatever you bid on because it is a legally binding contract!
After you’ve paid your car off in full, you can then drive off the lot happy and knowing you got a good deal. Plus, nobody ever has to know you paid way less than what it’s really worth.
So, going to a free public auto auction doesn’t have to be such a mystery anymore. All you have to do is inspect the car, register, bid, pay for it and then drive off the lot! You can also expect to receive your new license plates, pink paper and registration in the mail within 2-3 weeks. Now, all you have to do is find one near you!