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Auto auctions are a method of selling vehicles based on an auction system.

In a few countries, such as Japanauto auctions are well known and used by most residents. Auto auctions are the most popular method to sell used vehicles in Japan. There are many also trying to sell their vehicles.

Individuals though cannot directly use auto auctions, but must go through those holding auction membership. The way the system is set up allows people to have access to information, but keep the auctions orderly with only professionals actually able to bid. A small percentage of the dealers that are members of Japanese auto auctions are also used vehicle exporters that most often use the auto auctions as their primary source of used vehicles. Other than these exporters, most members are used vehicle dealerships that sell in Japan and are used by Japanese people to find a car they want. In Japan there are over 30 well known auto auction groups and over auto auction locations throughout Japan. Furthermore, large numbers of cars in Japan are auctioned onlineusing various types of Why Companies Must Reconsider Their Use For software.

Auction inspection sheets allow buyers and inspectors to evaluate the worth of a car over such systems. In the United States, auto auctions play a major role as a wholesale market for second-hand vehicles.

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Most states only allow closed auctions, meaning only dealers can use them. Some auctions in the United States are used by banksthe IRSand other Usee agencies to sell vehicles that were repossessed for failure Why Companies Must Reconsider Their Use For make monthly payments or pay taxes, or were seized by the FBIDEAor the police.

Online auto auctions are also growing in popularity. One of the most popular online auctions to buy cars from is eBay Motors. There is usually a fee associated with selling a vehicle on eBay. The majority of vehicles entered into auction in the UK are ex-company fleet vehicles and as such usually have a good service history and have been well kept.

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Auctions in the UK are also used by banks, local and central Government, private sellers and car dealerships. Reputable auto auctioneers will be members of a professional body. Look for affiliation to the National Association of Motor Auctioneers- a plaque bearing their crest should be displayed on the wall somewhere. Membership of the NAMA is the nearest you will ever get at motor auctions to a guarantee of fair play and honesty.

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All reputable car auctions are detailed at gaukmotors. When making payment for a vehicle bought at auction it is advisable to be aware of the VAT situation. A check should be made with the sales officer regarding the VAT status of a vehicle before bidding on it.

This is not specific VAT or tax advice - check with the relevant office for the current situation. On top of the hammer pricethe buyer has to pay a charge for indemnity insurance. This assures that they have "good title" to the car, and normally costs a small percentage of the hammer price.

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A dealer auto auction is a specialized form of auction. Millions of vehicles are sold at such dealer auto auctions every year. These auctions are restricted for the general public and only licensed dealers can participate.]