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Hi All, does anyone know how cars usually go for at an auto auction and how much a dealership usually marks up on the price?

Hi All, does anyone know how cars usually go for at an auto auction and how much a dealership usually marks up on the price?

(post is archived)

[–] • 4 pts

The market is all screwed up right now. Cars and trucks are going for insane amounts. Most dealers are priced out of most auctions. Carmax and Carvana are dominating auctions along with rental car companies.

Dealers have to rely on trade ins to stock their used car lot.

[–] • 2 pts

I was looking at making a used purchase... But anything i saw was priced at about 25k, for 100 thousand miles, in at least a 10 year old vehicle.

How about... ? No.

[–] • 1 pt

Here's the deal for buyers right now.

There is a full on vehicle shortage, new and used. I could trade my 2016 truck with 60k miles for more than I paid for it new right now.

The only way buying makes sense right now is if you can't wait six+ months OR if you have a trade.

The inflated ass trade price you will get will negate the premium you will pay for the vehicle.

But take your vehicle to carmax, physically, not online, then ask your dealer for a price match on the trade.

The dealer can't afford to pay that and resale the vehicle, but THEY will then sell the vehicle to carmax for your appraised price, so it's a wash for them on the trade.

[–] • 2 pts

Stay away from anything low budget at an auction it’s been pieced together and was lucky to get there

[–] • 2 pts

Yes I used to be a driver for years. Bring a mechanic if you can.

Not every car in the auction is from a dealer, but every dealer that sends a vehicle through, knows the vehicle has something wrong with it. Which would kill their bottomline if they were to fix it, and resell, plus they get parts at a discounted price.

Also don't forget this country is facing a parts shortage.

[–] • 2 pts

I bought a replica of a 66 Shelby American Cobra, with a monstrous 427, for 20k under the appraised value. I’ve never bought a normal car at auction. Get there early, often the seller/auction house will have an inspection report, or there are people there that will inspect it before it goes on the block.

If it’s ‘as is’, no report, and they won’t allow an inspection, don’t buy it. I recall that after that big east coast hurricane about ten years back, cars that were totaled out by insurance companies were washing up at auctions. They trucked them to the west coast to put distance from the scene of the crime.

[–] • 1 pt

Surprisingly this guy is fairly honest about that stuff. https://www.youtube.com/channel/UCvpfyUtFGgea9U8PEUzCs_A

not in my area. and i dont buy from used car dealers anyhow.

Find the estate sales and look at those cars. The newly dead often had well maintained, reliable cars with very low mileage.

Guy i know just picked up a 03 Z4... yeah he paid 13.7k after negotiating. It had 15k miles on it. and maintenance records for each thing ever done, including oil changes that were done because of time... Anecdotal evidence sure. But that isnt the only example I have seen.

Of course, if you need a car now, that option isnt open to you.

[–] • 1 pt

New Chevy Colorado's start at $45K. 4 1/2 years ago I paid $20K for a Silverado with 2500 miles on it. (Dealer loaner). Guess I'll wait till the market settles down. (Dems out of office)

[–] • 1 pt

Go to KBB.com

Look up an old car.

Auction price should be trade-in price, which is wholesale. They sell for "buy from a dealer" price, which is retail.

[–] • 0 pt

Thank you, notantifa. Today, I can almost say I got fucked at the used car lot. By some stroke of divine intervention, as I explained what was happening to my new to me car, another customer came in who happened to be having the exact same problem with his car. So the kikes at the car dealership noticed us talking loudly amongst each other, and they came running over to us both asking for a chance to "make it right." Luckily, I got out of my car purchase, they said it was in both of our best interests to not go through with the sale. Then, they tried to upsell me a different car, with what they said was bluebook value, so I went on kbb.com and found the true value to be $3,000 dollars less. I shit you not, their service manager had a kike name and his pinky ring I believe formed the star of satan in diamonds.

[–] • 0 pt

The reason I'm asking is because I am looking at used cars versus a new car purchase, and I'm wondering how much I might get raked over the coals for.

[–] • 1 pt

Knowing what a car buys and sells for at wholesale and trying to figure out how the dealer makes their money is irrelevant to you.

I've given you the best advice there is right now. You are overpaying and there is no way to avoid it, unless you have a trade. Then the dealer will overpay for your trade and you'll overpay for their car.

When the marker goes back to normal, new and used prices, and trade values, will all drop.

[–] • 0 pt

A friend went to an east coast dealer and was told they wanted sticker price, plus the usual "dealer add-ons" plus a "market adjustment charge" of $3500 on top of list. Everything is marked up.

According to a dealer employee I drink with, dealers usually send trades to auction if there is anything wrong that isn't an easy fix, so cars there are often ones traded in and rejected by dealers. After the big companies scoop up the nicer, nicer cars, the small "gas station" car lots try to get things they can fix up cheaply enough that they can make a profit selling them with "buy here, pay here" interest charges helping them make their money.

Best bet: buy from an individual. First question "Are you a licensed dealer"? If not, get the story on the car. Look for something like bought for kid in HS, well maintained, got kid new car for college, selling the first car. Look for service records beyond just oil change places. It should check into a real shop on occasion for deeper inspections. Know the neighborhood. Don't buy from poor people who keep their cars until they can't afford the upkeep any longer. Gluck!

[–] [deleted] • 0 pt

If you have to ask about buying a car at an auction, then you aren't ready. Just keep an eye on craigslist for the exact car you want.

[–] • 0 pt

You are really better off just fixing your existing vehicle and waiting at least another year.