Saturday, August 8, 2020

The Pros and Cons of Buying a Vehicle at Auction

A Missouri automotive dealership owner, Christopher King lives in Joplin, Missouri, and operates Queen City Motors and Queen City Motors Service in Springfield. Christopher King of Springfield counts vehicle auctions among his areas of professional expertise.


The primary reason to purchase a vehicle at auction is the price. By bidding on the right car at the right auction, buyers can own that car at a substantially lower cost as compared to those purchased through conventional car dealerships and distribution channels. In addition to cars, all types of vehicles change hands at auction including the most desirable makes and models on the market. Furthermore, reputable auction organizers tend to go above and beyond to ensure that their vehicles are of excellent quality and in good condition.

On the other hand, one of the major drawbacks of purchasing a vehicle at auction is selection and availability. Buyers are limited to the vehicles that are on the block at any particular auction and cannot order custom options or features. Buyers should also be aware that many cars at auction have been confiscated or repossessed. In general, the owner records of many cars at auction are spotty at best.