Do you want to sell your car at an auction? This can be a good way to sell a lot of things, and if you cannot find a buyer or you believe that you can get more money if you sell at an auction, then you should do it. USA Auto Transport wants to bring auction selling closer to you and help you sell your vehicle successfully. Auctions are more common than you believe and there are different kinds of auctions, and usually, the first thing that comes to your mind is bidding for old-fashioned and rare models. We have provided some tips on how to sell a car through an auction.
Can you legally sell?
Before you find an auction, you should first see whether you can legally sell your vehicle. In order to do that, the title has to be in your name, or you have to hold a dealer’s license. One out of these two is enough, and if you have it, you are ready to proceed. If not, make sure to find information how you can acquire them or skip auction selling and focus on more traditional ways of selling your car.
Establish a price
This is one of the most important parts of selling your cars at an auction. You need to establish an appropriate price for your vehicle to be sold and there are numerous things you need to take into account.
First of all, the age of your vehicle matters. This speaks a lot of the car, and usually, older vehicles covered more mileage than the newer ones, and they are in worse condition. This isn’t necessarily the case, but age is certainly a factor you need to consider. Moreover, check the condition of the car, or wear if you like, as well as its design. If a vehicle has a lot of custom parts, don’t expect the price to be steep. Original bits and pieces are what will raise the price.
Last but not least – rarity. If you are not a car enthusiast and you don’t know much about the model you drive, make sure you find someone who can estimate the car’s worth. An expert should tell you whether the model is rare or not because it is not the same if you are selling a special edition which was made in 50 examples or a mass-produced car.
After you have established the price, it is time to choose the appropriate auction. We have mentioned that several different auctions exist and now we are going to provide more details about each type, separately.
You will apply for the collector auction if you have a vehicle that is collectible. The process is simple, and all you need to do is find a company which specializes in collector car auctions. They will explain to you what you need to do next, but we will just put it briefly here so that you have the basic idea. First of all, you will be given several forms to fill out, and you need to pay a consignment fee and send several pictures of your car. When selling a car with a company, you should bear in mind that they will take a percentage of the price, so, make sure to ask them about it to get a specific number. Finding a company should not be difficult, and as an example, there is Gooding & Company .
Last but not least, you can always find internet auctions to sell your car. The procedure is rather easy, and you will figure it out on the go. The most important thing to remember here is that you have to be honest when you are describing your vehicle. Providing useful information about the vehicle can positively affect the price of the car and the best way to attract buyers is to post photos of your vehicle’s exterior and interior as well as any sports or parts of the car that are damaged. When you are taking photos, make sure you take one of the odometer, so that the buyers know how much miles the vehicle covered.
Just like with the auction selling companies, you will have to pay a small amount of money to get your car listed, whereas the auction site will take a percentage of the selling price. The example of the auction site is Auto Auction Mall .
What happens when you are selling a damaged or an inoperable car? The best way to do that is through public auctions. You will only lose time if you want to find a dealer or private buyer – it is not impossible, but we suggest you avoid it because you will lose patience eventually. Anyway, when selling a car at a public auction, you need to accept a lower price. These kinds of auctions attract all kinds of people among which are buyers from scrap yards looking for a jackpot. Auto Auctions California should help you out.
Hopefully, you find this information useful. As you can see, selling your vehicle at an auction is not a complicated process, and you can get rid of an old car, or make good money on a collectible. If you want to ship your vehicle for an auction which is held in another state, call USA Auto Movers, and we are going to deliver your car safely and efficiently.