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Car AuctionA car auction is an auction where cars are bid upon by perspective buyers. A car auction may be run by a dealer or an auctioneer that is not associated with a car dealer. Car auctions are a good way to move inventory at a dealer that is not moving well, in order to make room for newer models. For this reason, many car auctions can be a place to get a car at a very reasonable place.In most instances, in order to participate in a car auction, you must be registered before the beginning of the auction. When you register, you will be given a bidder number. Your bidder number is what you use to show the bid you are making on a particular vehicle. If you are the bidder wit the highest price, you will win the vehicle at the price you bid for it, often much less than you would find at the dealership. More Glossary Terms Explained here |
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