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How much do cars sell for at auctions?

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Beware the used car dealers selling at auction. Most used car dealers prefer to sell to customers, other dealers and dealer auctions. If a car is too far gone to sell in any of those ways, they resort to the public auction. read more

Informal Auctions. As a dealer, if you buy a car at an informal, or back street, auction, prices start as low as $300, with cars rarely rising above $3,500. The cars at informal auctions are sold by individuals, not manufacturers. They are normally more than five years old and have been purchased for resale, having been simply repainted or repaired. read more

Some cars do more than wholesale price at the auction, either because of the vehicle's specific attributes (low miles, excellent condition, etc.) or because of local market conditions. NADA is just a guide, after all. You'll have to pay an auction fee, which is typically $150-$500. This is the fee the auction charges. read more

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