Commercial Vehicle AuctionsHow to Use Commercial Vehicle Auctions to Find Great Bargains

Commercial Vehicle Auctions sites have sprung up like mushrooms on the Internet, each one loudly proclaiming that it has the best and most genuine deals anywhere, and asking only a reasonable fee to sign up and begin accessing the auctions. Once the fee is paid, of course, the true colors of the site are often revealed, and you receive a list of vehicles that are going to be auctioned a thousand miles away in a small town you have never heard of before, and the auction is due to begin in only twenty hours.

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In short, many commercial vehicle auction sites offer poor-quality information, and buying a subscription to all of them in order to find the wheat amid the chaff could end up costing you more than the price of a new vehicle, considering how many websites there are.

The seized and repossessed vehicles sold at auctions are indeed real, and they can be obtained through auctions, but you need to be alert and choose the auction carefully. Beware of sites that make extravagant claims about how cheaply people have bought nearly-new cars, and so on – there are a few such once in a lifetime bargains, when someone acquires a year-old car for $300, but the vast majority of auctioned vehicles are not that cheap.

Commercial vehicles may be bought for very sharp discounts – up to around 50% off the book value, in many cases – but since you will be competing against other people who want cheap vehicles, as well as professional buyers and middlemen looking to stock their lots, you will likely end up paying $7,000 to $12,000 for cars worth $18,000 to $24,000. Sites that are up front about this are more apt to be useful to you than those that claim every person who comes there pays only $100 for a brand new repo.

Commercial vehicle auctions may involve sales of government-owned vehicles that are being retired, as well. Finding government websites that list these auctions is a way to circumvent the slick sales talk of the usual auction sites and locate a good, solid bargain. Of course, competition from other buyers is strong here as well – perhaps even stronger – so you need to be quick and alert, identifying possibilities and making the most of them while the opportunity lasts; a process that will hopefully leave you in possession of a good-quality, low cost commercial vehicle from an online auction.

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When looking for a larger vehicle than would generally be offered at an auction for cars, such as a van, box truck, semi-truck, bus, or even a taxi, a commercial vehicle auction is probably the best way to go.  The cost of a new commercial vehicle can be extremely high, and even visiting a used commercial vehicle dealership can be quite expensive, so an auction house that deals with this type of vehicle can often save quite a bit of money.

There are several keys that will help anyone experience a successful commercial vehicle auction.  The first is to have some idea of what vehicle you want.  It is inadvisable to show up at an auction and try to figure out which vehicle would suit you.  Having an idea beforehand what you want can save you money and frustration in both the short- and long-run.  You should also have a good idea, by checking vehicle values through one of several sources, how much you should consider paying for a used commercial vehicle at auction.  Things to take into consideration are mileage, record of upkeep (if available), whether the vehicle has ever been involved in an accident, and whether there is a pre-existing warranty that might still be in effect.  All these will influence how much you should bid at an auction.

While there are many online auctions where a commercial vehicle can be purchased from anywhere in the world, the cost of bringing the vehicle to you must also be kept in mind.  As this vehicle will be basically an unknown quantity, it would probably be better to arrange for its delivery rather than try to drive it home yourself.  Besides the chance of mechanical breakdown, there are also matters such as insurance and registration that would have to be taken into consideration.

Generally, a search on the internet will let you know where the nearest commercial vehicle auction is.  If you live outside a major metropolitan area, you might have to drive some distance, but this might be preferable to buying from an online auction, as you will be able to examine the truck or van yourself.  Very often, auction houses will make a listing of the commercial vehicles they are offering online, so you can browse in advance of the auction.  If the vehicle identification number is available beforehand, you will be able to do some checking up on that particular vehicle.

It is always best to arrive early at the auction site so that you will have plenty of time to look over any vehicles in which you are interested.  When you are examining a commercial vehicle, be completely objective and do not let some external factor influence you.  If you have any reservations or qualms about a vehicle, let it go.  Go with your gut feelings.  Also, do not let yourself be carried away once the bidding starts – have a bidding limit set, and if the bidding goes above it, stop.

Once your bid is successful, you will have to make a deposit and pay the rest within a certain amount of time, usually within a few days.  There will be other fees associated with the sale as well, that will generally amount to another several hundred dollars.  Keeping a cool head, doing research, and setting a limit can help your commercial vehicle auction be a success.

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This website will contain information on where to find commercial vehicle auctions.