The days of spending hour after hour for days walking through car lots are all but gone. The modern car purchaser has many tools at his disposal. The chief tool is the internet.
People can now watch videos to see reviews of cars from real owners and in some cases, they can see videos of the cars they are considering purchasing.
The most popular use of the internet, however, is looking for cars for sale online. There are millions of searches monthly for cars for sale and specifically for no reserve cars.
A no reserve auction means that the lowest current bid for the item wins. There is no reserve price that a bidder must bid above.
People are looking for car auctions with no reserve pricing for two reasons. First, they are trying to get the best deal possible. If nobody else enters a bid, and the auction was listed for a very low initial bid, they can get great deals for potentially thousands below the value of a car.
The other reason people look at no reserve car auctions is to establish a comparison price with other cars. They know that they shouldn’t just assume that a car has a great price because it is in a no reserve auction, but they can compare it to other cars for the best deal possible.
It would be easy to assume that only private sellers are selling their cars online, but dealers are selling new and used cars online. Some of these dealers go the extra mile for the internet sale.
For the modern car buyer, looking for best pricing on autos or looking for antique, classic, or exotic cars that are difficult to find locally, online auctions are a powerful tool.