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How to Save Big at Trailer Repo Auctions

How to Save Big at Repo Trailer Auctions

How to Save Big at Repo Trailer Auctions



Trailer auctions
are a great alternative to buying directly from an owner or paying the markup dealerships add to all of their inventory. With the highest bid winning regardless of how that compares to the retail value of the trailer, it is common to pay 40-60% less than retail price when you buy at an auction. However, enjoying these savings does take a little more than just showing up.

1. Get all the auction details in advance. You need to know what forms of payment are accepted, how much the deposit is or if the entire amount must be paid right away, and when the rest of the money must be paid. Also ask about the inspecting the trailers and if there will be any warranties or any return policy. Most are sold just "as-is," but go ahead and check because auctions and state laws are different.

2. Research trailer and RV auction inventory beforehand. You not only want to look into prices and values before the auction, but also the individual trailers that are available. The more you know the quicker you will be able to spot which ones are going for much less than their value. Many other bidders are dealers with experience at auctions and an instinct for finding deals. The more knowledge you have, the easier it will be for you.

3. Preview as many repo trailers as you can. Since live trailer auctions are a competitive bid process, you might find yourself being outbid by someone willing to pay more. If your favorites all get too high, you can still bid on a backup that you looked at and know whether or not it is worth it.

While it may not have been your first choice, you may get such a great deal on it you can afford to add some upgrades and make a few repairs.

How to Save Big at Trailer Repo Auctions

By: Spencer Cash
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