Car Auctions Mississippi

So you want to try your luck at a car auction? There are two basic types of auctions: Those open only to licensed car dealers, and those that are open to the public - including dealers.

Auctions open to the public are often best suited, in our opinion, for people who truly know cars and who know how to fix them or have access to a low-cost maintenance facility. At most public auctions you can walk around the car, open the doors, look inside, and open the hood to examine the engine; but you will not be allowed to drive the vehicle.

Full payment is required at the time of purchase, all sales are final, and the autos come "as is," which means there is no guarantee or warranty. While there are some good deals to be had, keep in mind that this is a high-risk proposition.

Who Holds Public Auctions?

1. The General Services Administration
2. The U.S. Customs Service
3. The IRS
4. The U.S. Postal Service CarFax.com .

   Tips on Bidding

   1. Always go to the auction with a not-to-exceed bid amount in mind. And stick to it. Don't let yourself get caught up in the frenzy of bids. Your top bid number should never be higher than the wholesale value of the car.

   2. Often an auctioneer will start the bidding at a high number and then drop it if, as is usually the case, no one responds to the opening asking price. It's usually best not to be the first one to bid. Get a sense of the audience's interest in the car before you jump in.

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