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Bids can be made online for Internet auctions, or in person for live auctions. Accepted forms of payment typically are major credit cards and checks, and payment is due at the time of the close of the auction. Details may vary among auction houses and the state the auction is held in. As with all auctions, the vehicle is sold to the highest bidder.
LiveAuctioneers is a leading live auction marketplace, which connects sellers of fine art, antiques and collectibles with buyers. Thousands of live auctions are broadcast on the site each year on behalf of galleries, sellers, dealers, and auction houses. Sellers can take advantage of a live format auction, which helps deliver immediate results. The site also includes LiveAuctioneers’ tools and features, where users can track and analyse their performance.
Do your research. Check Kelly Blue Book for the proper price for the vehicle, including its mileage and apparent condition. Always downgrade the condition by one ranking for government auctions. Also, do some smart used-car research, such as checking Consumer Reports for reliability and the frequencies of particular repairs, and checking our road test information if it's a recent model vehicle.