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<\/h2>\n<\/h2>\nAs a Buy Here, Pay Here (BHPH) auto dealer<\/a>, you fill an important void in the industry. For individuals who can\u2019t just walk into a dealership and get a new car \u2014 or even a used car that\u2019s a few years old \u2014 financed, you provide more affordable vehicle options.<\/p>\n You\u2019ve been slowly building your inventory by buying trade-ins and reselling your repossessed vehicles, but like most BHPH dealers, you\u2019re undoubtedly always on the lookout for a new addition to your lot. If you haven\u2019t already, it\u2019s time to start thinking about jumping into the world of the auto auction. Tips for getting your feet wet are featured below, so be sure to read them thoroughly \u2014 if you approach auto auctions the right way, your dealership should see profits begin to climb quickly.<\/p>\n One auction isn\u2019t necessarily \u201cbetter\u201d than another; it\u2019s up to you to decide what will fill your dealership\u2019s inventory needs in the most efficient way. In general, these are the types of used car auto auctions that you have access to:<\/p>\n A lot can go into choosing the type of auto auction you want to attend, but how your tackle the auction itself will determine whether you sink or swim.<\/p>\n 1. Plan ahead<\/strong><\/p>\n You probably never listened to that old scout motto of \u201cbe prepared,\u201d but if you\u2019re heading to an auto auction, now is the time. Most reputable auto auctions will give you access to a list of the inventory ahead of the main event. Study that list, zero in on vehicles you\u2019re interested in, run their VINs and do your homework. Know what you\u2019re willing to pay so you don\u2019t let the frantic energy of the auction get the best of you when it\u2019s time to bid.<\/p>\nTypes of auto auctions you may want to attend<\/h3>\n
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Auto auctions aren\u2019t a one-size-fits-all kind of deal. They can vary greatly when it comes to the selection and quality of vehicles, size of the venue, and amount of participants and employees. You could walk into an auction that involves multiple buildings, thousands of people, and even includes services like on-site repair shops and titling assistance. Or, you could find yourself in one small building with a couple lanes of cars and a handful of eager dealers.<\/p>\n\n
5 auto auction tips if you\u2019re ready to buy<\/h3>\n
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No two auto auctions will ever be the same, but as a beginner, just remember that the end goal will always be the same: you want to get the best deal possible for a good, quality used vehicle.<\/p>\n
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