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- 1939 Porsche Type 64
- Classic Car Auctions - Wisconsin | W. Yoder Auctions
- The richest car sale of the year: $380 million of wheels set for auction at Pebble Beach
But if you decide to head down to an auction to gawk and possibly bid, keep these 10 tips in mind. If you don't have the ability and tools to deal with whatever mechanical challenges may arise, don't talk yourself into believing otherwise. If you're looking for cheap transportation, don't let it become expensive repairs. Cars at government and public auctions sell on visual inspection alone.
So look at everything and look for telltale signs of repairs such as paint overspray, less than smooth sheet metal, puddles under the vehicle, scored brake discs, an uneven stance and a million other details. Use your nose, hands and legs, too. If a car smells musty or the carpeting is wet, run away. Bondo, polish and touchup paint are cheap. Particularly at public auctions, assume every vehicle there has been rubbed on to the point that there's a reality distortion field surrounding it.
Nothing is as good as it looks. At government auctions, weathered paint may cover a mechanically sound Crown Victoria. A small dent in the tailgate of a Chevrolet Silverado may just be a parking lot thump, not signs of misuse. At public auctions, however, those may mean the car is such a basket case that no one thought it was even worth the effort to try and fool people. Write down the VIN from the base of the windshield for any car you're considering. Then check other places where the VIN might appear, such as door and trunk lid stickers. If the numbers don't match, the car may have been in a major accident and rebuilt.
Look for more promising alternatives. If a car has been well-maintained, when you pull the oil or transmission fluid dipsticks the lubricants should be clear and clean.
Online resources such as Kelly Blue Book and Edmunds give a general idea what used cars are worth. But also take time to research local prices on Craigslist and in classified listings.
Again, pride works against you here. If you don't know about car values, don't try and fake it. Vehicles at auction sell in "as is" condition. That means there are no guarantees, no warranties and no means of legal recourse. If you don't have the stomach to survive discovering you've bought a heap of trouble, don't bid in the first place.
Take your time and watch the action closely on all the cars up for auction. Look for suspicious actions such as bidders who seem to be active on every lot; they may just be trying to pump up the prices.
Parking lot plans are typically available at the front desk at the auction. Windshield Markings Each vehicle ready for auction is marked on the windshield. This marking, either printed or written by hand, is prepared when the vehicle is checked in. Run lists are available online or via fax, but the most complete listing can be obtained the day of the auction. Lists are generally available at the entry of the auction facility, and can also be printed out from kiosks around the facility.
The Auctioneer The auctioneer provides detailed information about the respective vehicle for sale, makes appropriate announcements about the vehicle, discusses with the seller their price expectations and calls for bidders from the lane. The auctioneer manages the bidding process and assures that interested buyers are acknowledged in the bidding. Ringmen At some auction locations, ringmen assist auctioneers in identifying bids and clarifying issues in the bidding process. Block Clerk The block clerk is the person who records the winning bid for each vehicle, the amount and the dealer who purchased the vehicle, as well as all other transaction details.
If the floor price is not met, the seller can reach an agreement with the auctioneer while on the block to lower the floor price and attempt to sell the vehicle while it is still in the lane.
1939 Porsche Type 64
If this occurs, individual auction rules should be consulted. What Do the Lights Mean? The lights above the auctioneer are there to indicate the conditions under which that vehicle is being sold. Though lights differ by location, this is a summary of what might typically be found at an auction. Yellow Light: Caution, Listen Up! Yellow indicates a vehicle that is being sold under announced conditions. These conditions are announced prior to sale by the auctioneer for the seller.
Buyers cannot arbitrate for announced conditions. Blue Light: Title Absent Indicates a vehicle being sold without a title on the premises. Dealer Vehicles Dealer vehicles for sale at auction are primarily trade-ins and aged inventory. In some cases, a dealer will take a vehicle in trade that does not meet his dealership profile and will immediately offer that vehicle for sale at auction.
Often, if a dealer cannot retail a vehicle in a period of time they will bring the vehicle to an auction for a quick sale. The condition of dealer consigned vehicles varies greatly. Most are not reconditioned at the auction, but this may be changing as auctions demonstrate the value of reconditioning to the seller. Vehicles are usually limited in the number of miles that can be put on the vehicle and are held to some kind of maintenance contract; these vehicles are often in good shape and, therefore, desirable.
Off-lease units tend to be older than rental company or factory vehicles, and often meet the needs of a dealer who is looking for noncurrent year units. Auctions offer leasing companies the fastest and most efficient method of remarketing large volumes of vehicles. Moreover, because of the quantity and the desirability of these units, lease vehicles are usually offered in dedicated lanes.
- America's Auto Auction - Harrisburg.
- National Auto Auction Association - Chapter 4. Buying A Vehicle At Auction.
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Rental Non-Program or Risk Units Rental units are vehicles that a rental company did not receive under a factory program. Therefore, the rental company has the responsibility of remarketing the vehicles.
Classic Car Auctions - Wisconsin | W. Yoder Auctions
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