What Is a Public Auto Auction?


Quick Answer

A public auto auction is a car auction that is open to the public. These auctions allow buyers to bid on various vehicles in an attempt to win the bid of a desirable vehicle. Public auctions include vehicles from repossessions, off-lease returns, used government vehicles and unwanted inventory from dealerships.

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Full Answer

Public auto auctions can be ideal places to find used vehicles at reasonable prices. Additionally, these auctions have a wide variety of vehicles, and they have high volumes of vehicles that are subject to change each month. The only drawback to purchasing a vehicle in this way is that public auctions sell cars in as-is condition, which means that after the buyer wins the bid for the vehicle, the vehicle and all repairs become the responsibility of the buyer.

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