Can you return a car bought from auction?

CARS MUST BE RETURNED IN THE SAME CONDITION AS PURCHASED. If the complaint is found to be legitimate, the selling dealer must buy the vehicle back. THE AUCTION WILL NOT GO BACK TO ANY PREVIOUS SELLER AND WILL NOT BE RESPONSIBLE FOR FREIGHT, TOWING, OR REPAIRS ON ANY RETURNED VEHICLE.

Do cars bought at auction have warranty?

When purchasing a used car, you will likely see a sign that says it is sold as-is. This is common practice and as mentioned above, most do not come with any type of warranty. If a vehicle is going to be sold as-is, the dealership must disclose this to you. The salesman may not say anything to you about it.

Can you return a used car after buying it?

If you’ve purchased a new or used car and you’re having second thoughts about it, in most cases, you won’t be able to return the car. The dealer who sold you the car is usually not legally obligated to take the car back and issue you a refund or exchange after you’ve signed the sales contract.

Is it bad if a vehicle was sold at auction?

While some low-end auctions sell troubled cars, most cars at auctions are high-quality used cars. They’re also likely to get the cars repaired and cleaned up so they can sell them for more. However, it would be best if you still were careful when buying a car from a dealer that came from an auction.

How do cars end up at auction?

Cars end up at auction for a variety of reasons. An insurance company has “totaled” a car, pays the owner, then has to get rid of the car. Dealers sell cars at an auto auction they couldn’t sell on the lot. If a car is repossessed by a bank, they may use auctions to get it off the books.

How long do you have after buying a car to return it?

If you decide to return the used car, you must return it to the dealer within two business days by closing time (unless the contract gives you more time).

How long do you have to change your mind about a car purchase?

If you buy a car from a dealer that explicitly allows returns, you’ll typically be able to take the car back as long as you follow the terms of the policy. Policies may restrict this to a certain time period (seven days, for example) with certain mileage limits.

Is it better to buy a car at a public auction?

But if you only plan on buying cars for yourself, it’s probably best to buy from auctions that are open to the public instead. Popular Mechanics reports there are two major categories of car auctions open to the public, government car auctions and public car auctions:

Can you buy cars at auction without a dealer’s license?

That means buying cars at auction prices is an option for just about anyone, even if you don’t have a dealer’s license. If you’re interested in buying cars at wholesale prices, take a look at our car auction guide to find out how to buy the car you want at auction, just like a dealer.

What do you need to buy a car at an auction?

You may need cash to buy the car. If you end up buying a car at a live auction, you may need to pay for all or a portion of it upfront. Be sure to check with the auction house in advance regarding accepted forms of payment. You may be able to use cash, a debit card, money order or cashier’s check. Paying by credit card may also be an option.

Is it safe to buy a junk car at an auction?

That doesn’t mean every car on the auction lot is junk. It just means lemons are out there, so be suitably suspicious and thorough in your inspection. You will need cash or an approved loan, if your bid wins.