: Auction fever is real. Decide on your maximum bid—including the buyer’s premium (an extra fee of 5%–15% charged by the auction house)—and stick to it. Check the "Light" System : Many auctions use a light system: 🟢 Green Light : Guaranteed engine/transmission. 🟡 Yellow Light : Specific issues announced by the seller.
🔴 : "As-Is" – no guarantees, bid with caution.
: Most auction houses post their "run lists" online a few days early. Research the VINs, check VINCheck.info or Carfax for accident history, and know the market value on Kelley Blue Book .
: Public auctions are open to everyone, while "dealer-only" auctions require a license. If you're just starting out, look for local government or police auctions—they often have well-maintained fleet vehicles.
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: Auction fever is real. Decide on your maximum bid—including the buyer’s premium (an extra fee of 5%–15% charged by the auction house)—and stick to it. Check the "Light" System : Many auctions use a light system: 🟢 Green Light : Guaranteed engine/transmission. 🟡 Yellow Light : Specific issues announced by the seller.
🔴 : "As-Is" – no guarantees, bid with caution.
: Most auction houses post their "run lists" online a few days early. Research the VINs, check VINCheck.info or Carfax for accident history, and know the market value on Kelley Blue Book .
: Public auctions are open to everyone, while "dealer-only" auctions require a license. If you're just starting out, look for local government or police auctions—they often have well-maintained fleet vehicles.
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