Category: Sales

IAA CANADA AUCTION FEES With new auction come new fees. Buyers don't like pay these fees but auto auctions don't care and their main focus is to make money. We dealer buyers have to be aware of these fees, otherwise we could end up paying more for the cars from wholesale auctions than from autotrader.https://www.auctioncars.ca/wp-content/uploads/2022/03/IAA_AuctionFees_dec_2023.pdf LATEST AUTOMOTIVE NEWS

Online live auto auctions in USA and Canada All car auctions offer online and offline live auctions. You can bid and purchase cars now from your mobile phone or laptop. Most of the auctions offer free registration and guest accounts. This way potential buyers can get addicted to online car bidding. This is a fishing. Auction is a fisherman and you are a fish. You should spend lot of time on different auctions to understand how people/dealers bid and what are prices for vehicles offered for sale. Bidding on the internet live is a pleasant part of this business. After You win vehicle, you have pay for it and remove it from auction parking as soon as possible, usually within 3-5 business days or storage charges and late payment fees will kick in. Cars on auction come from all sources: trade-in, dealer overstock some are accident repaired and some are just after accident not repaired. There are also repossesion, theft and fire vehicles. Many cars ale also off lease or financial company sell off. This last group is mostly best options for someo [...]

Cars on used dealer auctions are sold only to registered car dealers.

There is an arbitration policy for cars purchased on dealer auctions by the dealers.

For example if car mileage is 100000km or less and if car was not previously written off by insurance. Buyer can return a vehicle for a full refund if engine wont start or transmission wont shift or there is a hidden damage which was not disclosed by the seller at the time of sale.

In this case buyer has 7 days since the date of purchase to apply for such refund.

Any newer vehicles still have remaining manufacturer warranties usually 3 years / 60000km or more. That depends of the car manufacturer.

None of auction cars come with SAFETY CERTIFICATES unfortunately. Safety certificate is valid only for 36 days since inspection date.  

Usually cars on used auctions do need extra work to [...]