While alternatives such as Craigslist are free, a car auction provides a safe and secure environment in which to sell your used vehicle. In most cases, there is little to no interaction between the seller and the buyer at a car auction.
How much does it cost to sell a car at an auto auction?
This can vary, depending on the value of the vehicle and the auction in which you choose to sell. Most auctions will charge an up-front “listing” or “registration fee” that ranges between $25 and $50. Some locations will not charge any front up-front fee. After that, you will only owe a seller’s fee if the car sells at the auction. Typically, this will be around 5 – 10% of the sell price.
What do I need to provide in order to sell my car or truck?
It is important that you have a title for the vehicle that is only in your name. This means that being a signer on the back of the title is usually not sufficient. As a public seller, it is important that the car has already been placed into your name. As far as required documentation, the title is the most important and often the only one that you need to worry about.
How much should I list my car for in the auction?
Do I have to leave my vehicle at the auction until it sells?
Keeping the car on the auction lot between auctions is entirely optional and up to you. However, for the maximum amount of exposure for your car, it is recommended to keep it at the auction so that more people will have the opportunity to see it. Auctions provide a much safer location to store a car for sale compared to a parking lot or on the side of the road.