FAQs For Internet Live Auctions

Unlike eBay where sellers are often individuals, live auctions frequently represent people who are tasked with the responsibility of liquidating large holdings in a short amount of time. Because of this need for expediency, well informed bidders will be able to pick up quality items for unbelievable prices.

Now that live auctions are increasingly available online, experienced auction goers, as well as novices, have questions about how online bidding works in conjunction with a live auction.

How Can Online Bids Compete with In-Person Bids?

Although auctions might look chaotic, they are very organized events. Large live auctions usually have spotters who pay attention to the crowd. When someone places a bid, the spotter will notify the auctioneer.

To make it possible for people to bid online, auction houses have an additional spotter equipped with a computer. First, the spotter inputs bids as they are accepted by the auctioneer. This allows people online to see the current bid.

Second, the spotter notifies the auctioneer of incoming online bids. After the auctioneer accepts an online bid (that is, he calls out the bid), this spotter uses the computer to notify the Internet audience of the new bid. By bidding online, you are essentially allowing the spotter to bid on your behalf.

How Much Does it Cost to Bid Online?

Registering and placing a bid should always be free. In fact, the only time you will have to pay for anything is when you win an item. However, bidders should be aware that sellers may have premiums and fees attached to the winning bid.

If these details aren’t included in the listing, make sure to ask before the live auction begins. The item listing or live auction catalog should have information on how to contact the seller.

How Do I Pay For My Item?

Payment varies based on the seller. Potential bidders should contact sellers before the beginning of the auction to ask about preferred payment methods. Payment type may also vary depending on the cost of the item.

For example, it is likely that sellers will request wire transfers to pay for things like cars, houses, and farm equipment. For less expensive items, most places accept credit cards or even secure payment sites such as PayPal.

How Do I Get My Item?

Again, this depends on the seller. Some sellers offer shipping services, but in many cases, the buyer will have to make arrangements to pick up the item. Make sure that you bid only on items in your geographic area.

But don’t let this deter you. Internet live auctions benefit the online bidder because you only have to travel to the auction house if you have won an item that needs picking up. In contrast, traditional bidders risk traveling to the auction and coming away empty handed.

Participating in Internet live auctions is a great way to find excellent deals on just about anything. While it is true that live auctions are less familiar than places like eBay or Bidz.com, they are well worth the effort of a little extra planning.

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Internet Car Auctions – Get the Answers to Your Questions

Internet Car Auctions are programs that you can join to get information about upcoming auto auctions. Some of these programs also come with a guide to help you make you better at bidding within the auctions. So if you want to make your next vehicle purchase through an auto auction to save money, becoming a member at an internet car auction program is not a bad idea.

Why are these vehicles so cheap?

Everyday, many people who think they can afford brand new vehicles end up getting their vehicles repossessed due to not being able to pay off their loans or leases. These vehicles will get auctioned off seeing how the banks have no place to store them and are focused on just getting their money back. They don’t care about making a profit off of these vehicles. They just want to get rid of them.

People who have access to these car auction resources have the chance to purchase vehicles at very low prices. These auto auctions are also being taken advantage by many dealers who buy the cars as low as 90% off retail and turn around and sell them at their dealerships.

Are there any car auctions online that have repossessed cars to bid on?

If you’re not interested in bidding on vehicles at traditional auctions, you have the option to bid on vehicles at online auctions. When you join an internet car auction database or program, you will have access to both online and offline auto auctions.

Are the vehicles at these auctions in good condition?

Yes, usually the cars being sold at these car auctions are only 2-3 years old with only about 25,000-40,000 miles on them. Many of the vehicles are also still under warranty under the manufacturer.

I’m sure you have many more questions and you can find many of your other questions answered at Gov Auctions which is one of the largest resources to provide you with online and offline auctions.

Here are some benefits and features Gov Auctions provide:

- 4,000+ Live US Auctions
- Online Federal Car Auction
- Complete Auction Guide
- Save Thousands of $$$
- Auction Contact Details
- Fast & Friendly Service
- Clean Title Cars
- Seized & Repo. Vehicles
- Listings in Every State
- 1000s of New Cars Weekly
- Gov’t Surplus Property
- IRS, DEA, FBI, US Treasury
- Luxury Cars, SUV’s, Trucks
- Auction Tutorials

Seeing how finding auto auctions can be a difficult process, this is the reason by internet car auction programs were developed. They assist people in finding auctions not only around their area, but around the entire United States. Some of these programs, like Gov Auctions also offer a guide to teach you how to become better at bidding on the vehicles you’re interested in.

Gov Auctions is the internet car auction program to join if you want to purchase a brand new or “almost” new vehicle. You will have everything you need to take advantage of these auto auctions once you’re a member of Gov Auctions.

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