About Auctions |
Simply put, a wholesale automobile auction is the place where licensed wholesale buyers and sellers meet to exchange automobiles. It is the dealer stock exchange of the automobile industry - an exchange that accounted for approximately 85 billion in sales in 2005 according to the National Auto Auction Association (NAAA).
Most cars sold at dealer only auctions are lease returns, trade-ins, fleet or repossessed vehicles. |
Frequently asked questions regarding auctions
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What are the fees and charges associated with buying wholesale?
Each auction charges a fee to buy or sell a car through them which varies depending on the cost of the vehicle. Additional fees associated with Portland Auto Brokers and typical taxes and licensing fees depending on your state.
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Can I really buy cars wholesale?
Absolutely…in some cases below wholesale. Check out previous purchases.
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Can I see the car before I buy it?
Auto auctions are closed to those without a dealer’s license. In most cases pictures and specification sheets are available that we can supply you with. We recommend that every car you look at that you get a Autocheck.
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What happens if there is something wrong with the car after purchase?
We suggest newer low mileage vehicles that still have warranty remaining to eliminate any fears. We also suggest rental fleet vehicles, as they are typically maintained, are low mileage and retain some factory warranty. Portland Auto Brokers also drives each vehicle we are going to bid on and we do our very best to try to get our clients to research the vehicle before purchase as well. For more information on warranties, click here.
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How much does it cost to buy at the auction?
It will depend on the final purchase price of the vehicle. We have a transparent flat charge for any vehicle of $495.00. This would be in addition to the fees associated with buying a car at the auction and any state and local taxes and licensing fees. You determine how much you want to spend, what vehicles you’re interested in and we will do the rest.
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Do I have to be pre-qualified?
Yes, Portland Auto Brokers does have financing companies we affiliate with that can help get you pre-qualified. To get pre qualified.
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| To fill out the car search questionnaire, click here |
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