How A Live Auto Auction Works
Preview Time
Official preview time is 9AM to 5:30PM every Wednesday.
Test
drives are
available from 9am to 5pm the day of auction.
Please note you do not have an
automatic right to "back out" of a vehicle purchase. Therefore, inspect the
vehicles closely during preview! The vehicles sold at our auctions range from
late-model luxury cars in mint condition to "fixer-uppers" for mechanics that
like a challenge. If you don't know cars inside and out, bring someone with
you who does. If you want to test drive a vehicle, go to the key counter, present
your driver's license, and ask for the keys.
Bidding
This is the fun part! Each vehicle will be driven through the building. The
auctioneer will announce the lot number and describe the vehicle, announcing
everything we know about it, whether good or bad. Then the bidding starts.
This process goes very quickly and can be confusing the first time. Read the
following description and watch as a few vehicles are sold to get a feel
for how it works.
The auctioneer will suggest a starting price: "Who'll give me one thousand
dollars to start?" If nobody wants to start at that price, the auctioneer will
lower the amount until someone bids. To bid, simply raise your hand and display
your bidder number. A "bid catcher" will point to you and shout, "YES,
sir!" The auctioneer will start asking for higher bids: "I have eight hundred
dollars, do I hear nine hundred?" If someone wants to bid $900, he will raise
his bidder number, the bid catcher will point to him and shout, "YES, sir!" If
you raise the bid, the bid catcher will point to you and the other person
will be out. The process continues until nobody wants to bid any higher: "I
have nineteen hundred dollars, who'll give me nineteen-fifty? Going once,
twice, third and final call: SOLD! For nineteen hundred dollars to bidder
number 268." A
clerk will write down the winning amount and the buyer number. If yours is
the winning bid, the vehicle is now YOURS! At this point, please go to the
office immediately to make a deposit.
Payment
When you are done bidding for the day, go to the office and present your bidder
number to the cashier. You may pay with Visa, MasterCard, Cash, or certified
funds. A $300 deposit is required for each vehicle at the time of your successful
high bid. The balance is due by 5pm Thursday.
Check Out
After you have paid in full for your purchase, you will be given the keys
and directed to your vehicle. All vehicles must be removed from the premises
by 5pm Friday.
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