Zebulon automobile auctions

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Important Terms to Know About Automobile Auctions
Auctions, places where people can bid on items, may take place at an auction house or online. Automobile auctions strictly involve vehicles, many of which are government repossessions or public seizures. How do they work? Auctioneers oversee the entire process, explaining the details of a particular car, then mediating the bidding. The car or other vehicle goes to the highest bidder at the end of the bidding war. Whether you’re in the market for a car or truck, you can usually pick on an old or new one up pretty cheap at auction, depending on the make, model, timing of the auction and demand. Here are some important terms to know about automobile auctions.

Absolute Low: The lowest price a seller will let their vehicle go for at auction.

Arena: Also called a ring, this is the place where the auctioneer stands when vehicles are auctioned off.

Arbitration: Auto actions offer this service to make sure buyers’ and sellers’ interests are both properly represented.

Disabled Sale: An auto auction specializing in vehicles that no longer operate because of age or excessive wear and tear.

Green Light: A vehicle sold at auction backed by buyer protection.

Hammer Price: The bidder’s final price accepted by the auctioneer as the hammer is banged.

Lane: The place where a vehicle waits in line to get onto the auction block.

Auction Block: The place where the vehicle currently being auctioned off sits.

No Sale Fee: This is a fee the seller must pay when a vehicle goes through the auctioning process but does not get sold.

National Auto Auction Association
If you're looking for the most affordable way to purchase a vehicle, try finding an auto auction through our association. Committed to offering the best options in all types of auto auctions across the nation.
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Capital Auto Auction Write review for this local business
2380 Long Mill Rd, Youngsville, NC 27596
(919) 570-5570  
Adesa Write review for this local business
30 Sadisco Rd, Clayton, NC 27520
(919) 262-0300  
Insurance Auto Auctions Write review for this local business
60 Sadisco Rd, Clayton, NC 27520
(919) 553-6148  
Manheim North Carolina Write review for this local business
317 Bagley Rd, Kenly, NC 27542
(919) 284-8100  
Song Vest Write review for this local business
3724 Congeniality Way, Raleigh, NC 27613
(919) 848-0445  
Goldsboro Auto Auction Write review for this local business
1820 Nc Highway 581, Pikeville, NC 27863
(919) 735-1850  
Dunn Auto Auction Write review for this local business
611 Spring Branch Rd, Dunn, NC 28334
(910) 892-5136  
Copart Inc Write review for this local business
310 Copart Ln, Dunn, NC 28334
(910) 891-1252  
Austin Real Estate Write review for this local business
1100 Carthage St, Sanford, NC 27330
(919) 776-4032  
Greenville Auto Auction Write review for this local business
4330 Dickinson Ave, Greenville, NC 27834
(252) 355-4111  
Insurance Auto Auction Write review for this local business
171 Carden Rd, Graham, NC 27253
(336) 226-4224  
Triple M Auto Sales Write review for this local business
2484 Downing Road, Fayetteville, NC 28312
(910) 404-0077  
Triple M Auto Sales Write review for this local business
2484 Downing Road, Fayetteville, NC 28312
(910) 484-0077  
58 West Auto Auction Write review for this local business
9580 Martinsville Hwy, Danville, VA 24541
(434) 685-4301  

It is common for many people to want to trade in their old car or truck and buy a new one. This is what draws some people to automobile auctions. After all, it is possible to get amazing prices on old or classic cars and luxury vehicles at auto auctions. Many of these vehicles are even cheaper than what you will find at auto dealership sales or through wholesale dealers. When you attend a used motor vehicle sale like this, there are some questions to consider, and a few of them are listed below.

  • What types of used cars, trucks, and SUVs will be auctioned off?
    The makes and models of automobiles will vary from auction to auction. While some may offer modified luxury cars, others may auction off used police cruisers and repossessed vehicles from drug dealers. Therefore, it is prudent to inquire ahead of time.

  • Is the auction held online as well as in a public venue?
    While some auto auctions are strictly local, others are only held online. Then there are some that may be accessible in person, as well as via the web. Just make sure you understand what time the auction is held and how you are able to make bids.

  • Were the cars and trucks repossessed by banks or taken in government seizures?
    As you may know, many motor vehicles that are auctioned off were seized by the police or repossessed by banks. If this is the case, you should pay close attention because there may be some damage done to the vehicle.

  • How do I receive the vehicle if I have the winning bid?
    Be sure to make this inquiry ahead of time since you may have to travel to the auction location to collect your car or truck that you win through bidding.