Buying At A Tempe Public Auto Auction
Are you thinking about buying a used car or truck at auction
? This article is designed to provide you with the details on how a Tempe public auto auction works. Specifics may vary from auction to auction; however, the following information includes helpful and important guidelines from which everyone can benefit.Tempe public auto auctions are one of the best places to pick up a used car, especially high end luxury cars at a fraction of its original retail price. Have you ever pulled up next to a fully loaded Mercedes at a stop light, glanced over and noticed that the driver is barely out of high school? How could they possibly afford the car payment on that kind of ride? Well, they probably purchased the vehicle at auction and got a great deal.
If you have ever dreamed about owning a high-end luxury car or a customized vehicle loaded with aftermarket parts and accessories, you've probably done just that - dreamed about it. Paying retail price for a car like that can put a huge dent in your wallet or your savings account. However, you can get a car like that for much less.
In today's day and age, there are basically three types of auctions:
Simulcast Auctions: Live bidders are physically present onsite at an auction compete
against online bidders who have either placed proxy bids or are bidding live in real time. This is a common type of auction.
Live Arizona Auctions: Only bidders who are physically present at an auction onsite are able to bid. These auctions usually have a notation that reads "Sorry No Online Bidding."
Online Only Auctions: Only registered online bidders are able to bid and complete against other registered bidders. These auctions usually have a notation that reads "Online Only."
For the purposes of this article, we'll be discussing how a public auto auction in Tempe works.
First, bidders must acquire a bidder card from the auction cashier. Bidder cards are needed to make a bid on any item. In most cases, a refundable cash deposit is required before the bidder card is dispensed.
At the start of an auto auction, the auctioneer announces the terms of the sale so that all bidders are aware of their responsibilities in bidding. When a bidder is ready to make a bid on a particular lot or item, they simply raise their hand or their bidder card. The auctioneer or ringman will acknowledge the bid with a nod or a call. The ringman assists the auctioneer in spotting bids, holding up merchandise so the bidders can see the item for bid and marking the item with the bidder's number once it has been sold.
Upon successful winning of the bid, the auctioneer tells the clerk what the bidder paid for the item and their bidder number. This information is recorded and given to the cashier who tabulates the bidder's purchases for check out from the sale. The bidder pays by either cash, credit card or cashier's check. In most cases, the bidder must remove their property from the auction location immediately following the sale.
by: Deb Weidenhamer