Selling cars at auction operates on a consignment basis, where the seller (known as the Consignor) relinquishes control of the vehicle to the auction (referred to as the consignee). A reserve price or minimum sale amount is established, ensuring that the vehicle is not sold below this threshold. The duration for selling a car at auction can vary depending on market conditions, attendance, marketing efforts, and other factors.

Government entities often opt for auctions as the primary method for disposing of their vehicles due to the high volume involved. Auction houses typically compete for contracts to facilitate the sale of these vehicles on behalf of government agencies. Additionally, finance companies frequently utilize auctions to liquidate repossessed vehicles and convert them into cash. Government auctions can be particularly beneficial for acquiring very recent model vehicles still covered by new vehicle warranties.

Many general auctions also feature a car buying department, providing an option for sellers to directly sell their vehicles to the auction. like dealerships, auctions incur significant operational expenses, including leases, personnel salaries, sales commissions, administrative costs, and maintenance expenditures. It's evident that these overhead costs impact the sales process.

Selling your car doesn’t need to be a roll of the dice. Unlike dealerships with high expenses, we operate with low overheads. Our personalised service ensures swift and stress-free transactions. Feel free to call 1300 78 12 78 anytime to connect with the operator, enter your vehicle details into our URGENT QUOTE TOOL http://cashcar.com.au/quote-tool or visit cashcars.com.au for more information.