Q:

What is a public auto auction?

A:

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.

Continue Reading

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.

Learn more about Buying & Selling

Related Questions

Explore