Online public auto auctions offer remarkable deals on popular vehicle makes and models. Before participating, understanding key aspects ensures a successful buying experience.

Sales Status Types:

• Pure Sale: Purchase at listed price
• On Approval: Highest bid requires seller approval
• On Minimum Bid/Reserve: Seller sets minimum price requirement

Auction Stages:

1. Preliminary Bidding

   • Place bids after sale date designation
   • Use 'Buy It Now' option if available

2. Live Bidding

   • Occurs on designated sale date
   • Quick process lasting few minutes

Buying Power:

• Maximum bid depends on security deposit
• Deposit must be minimum 10% of intended bid
• Example: $10,000 vehicle requires $1,000 minimum deposit

Important Tips:

• Conduct license plate lookup or VIN check before bidding
• Inspect vehicle personally or hire professional inspector
• Use auction dates to organize search and prioritize vehicles
• Research vehicle history and background
• Consider timing of auctions for best deals

Safety Measures:

• Verify vehicle documentation
• Check seller credibility
• Understand auction terms and conditions
• Review payment and delivery procedures

Online auto auctions can provide excellent value when approached with proper research and caution. Success depends on thorough preparation and understanding of the auction process.

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