Selling a car at auction.

tripped38

tripped38

Well-Known Member
Joined
Jul 9, 2008
Location
MI
Who's done this? Pros and cons of it?

I've got a car that I just want to unload. I don't want to do the hassle of Craigslist or flaky buyers. Car is not perfect by any means. But not awful.

What are your suggestions.

If it helps the car is an 01 Acura Integra. Check engine light is on. Bought it that way. Assumed it was o2 sensors. Turns out previous owner gutted the cat. But it's been an okay car. Just not what I need or want at the moment
 
How much?
 
Not specifically auto, but I've attended several real estate auctions. And I can tell you that the heat of the moment and pressures around you (and maybe just competition?) tend to push people to bid more than they normally would pay. The auctioneers are very skilled to know how to pull those pressure strings too. Seen plenty of large properties being resold due to bidders couldn't pay. Don't remember exactly but you sign your life away to a devoted 10-20% after auction ends regardless.
 
I was under the impression it was 100 fee to put the car through auction. And just pray for the best.
 
tripped38 said:
I was under the impression it was 100 fee to put the car through auction. And just pray for the best.
Click to expand...
that will depend on the auction.
 
6BangBronk said:
Not specifically auto, but I've attended several real estate auctions. And I can tell you that the heat of the moment and pressures around you (and maybe just competition?) tend to push people to bid more than they normally would pay.
Click to expand...
I've seen this same thing at gun auctions...saw a used Rock Island Armory rifle go for $700 when you could drive 10 miles down the street and get a new one for $500. Funny thing was one of the guys who lost did that exact thing after the auction ended.
 
broncosbybart said:
Good luck. You won't get anything at a dealers auction like the one in statesville. Carmax would be my recommendation but they won't give you much either.

Maybe Brad could take it off your hands if you're flexible.

Paging @1983Bronco
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The key would be to use one of the few auctions that are open to the public, like Mendenhall.
Always an... er, "interesting" crowd there....
 
tripped38 said:
I was under the impression it was 100 fee to put the car through auction. And just pray for the best.
Click to expand...

I was referring to the bidders, not the sellers. You have to have a valid Visa or open check or something along with ID and you sign a sheet saying you will be able to pay a certain amount if you win the bid. I know the auctioneers get a percentage from the sellers for they are pressed to get the high dollar for their own good as well. But I have no idea anything more about it. I buy very rarely when I can get something at an excellent price.
 
I think the process is interesting. I have the car listed now on Craigslist for 2500. I know I will not see that at a dealers auction.

Ideally I would sell it and at the same time replace it with a standard cab truck. I think those can be had for reasonable prices at auctions.

I know that once the school year is done and I'm not needing a car everyday it will be easier.
 
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