How Are Car and RV Auctions Very Similar to One Another

There are a lot of similarities between car and RV auctions. Sometimes, they are even held at the same time and in the same place. After all, are these are vehicles just like cars. If a bank or credit union wants to cut down on their cost of auctioning, they will probably sell their RVs at a car auction. Plus if it is a car auction, everyone that owns an RV typically also owns a car. You may be able to attract a lot of the same types of buyers.

One similarity is that they will often have a rating system for used cars that they can also be used for used RVs. This involves a rating system of giving each vehicle a red, green, or yellow light depending on the condition that the vehicle is in. If it is not running, and has a lot of problems, it will receive a red light. If it has minimal problems, or things that can be easily fixed, it will receive a yellow light. If it is in good condition and works fine, it should receive a green light. Please be aware that most of the time these ratings are given very quickly, so it is possible for the auction companies to make a mistake. If you are allowed, it is a good idea to arrive at both car and RV auctions early so that you can have time to inspect them prior to bidding. The last thing you want to do is end up buying or settling for a lemon when you could’ve gotten a car or RV that was a much better investment. The reason why so many people are attracted to RV and car auctions is that it is generally a much better price to buy them from an auction than it is to buy cars and RVs for sale by owner. Often, auction prices are 40 to 50% less than retail, and about 20 to 25% less than private party values. Prices can fluctuate however depending on the demand for auction vehicles and the amount of inventory that is available to buy.

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