Buying vehicles in an online auction can be thrilling. Auctions are the purest way to find something’s value, as supply and demand set the price in real-time. We get it, auctions can be intimidating for newcomers, and even experienced bidders will tell you that buying vehicles at an online car auction is a skill you develop over time. No need to worry though, we have put together a list of a few tips we’ve developed from years of online auto auction experience to help you navigate Copart Canada’s online vehicle auctions.

Check Local Laws Before You Get Started

Different provinces will have very different laws about who can legally buy a car at auction. Some provinces will let anyone bid, some require a business license, others may require a special dealer’s or business license. If you don’t have a specific license or required certification, Copart can help connect you with a Broker who has the right credentials and can bid and buy on your behalf.

P.S. In Canada, Alberta is the only province that allows individuals to bid and buy vehicles without additional licenses. Check your licensing requirements at Copart.ca/License.

Know the Value Of The Vehicles You Want To Buy

While auctions can surprise you sometimes, you can often get a general idea of what the winning bid will be for a particular vehicle. Resources like price guides can be helpful in planning your bids and finances. You can also purchase a CLEARVIN or EPICVIN report on your Copart.ca lot details page that will tell you the vehicles history to help you make a more informed decision.

Know The Vehicle You Are Bidding On

Before you place a bid or pre-bid, make sure you know the real condition of the vehicle inside and out. The easiest and often best way is to go inspect a vehicle yourself. If you can’t get to a location or don’t have the expertise, you can purchase a Vehicle Condition Report which includes additional photos, video, and information on the vehicle’s overall condition.

Don’t Get Swept Up in The Rush

Auctions can tap into our basic human desire for competition and winning. It’s exciting, and many find it fun, but make sure the rush doesn’t sweep you away into spending more than you can afford, or buying a vehicle that doesn’t really fit your needs. Remember, all sales are final, and you have to pick up the car you just legally obligated yourself to buy.

Power of Attorney is Helpful

Buying a vehicle requires legal paperwork to transfer the ownership. This can include accepting the title of a vehicle and picking it up. If you need to send a transporter to pick up your vehicle, a Power of Attorney can help speed up the process by allowing the towing professional to sign some of the required paperwork for you so it doesn’t delay the arrival of your purchase.

These are a few tips we’ve learned and tools we’ve developed to help people successfully buy cars at Copart Canada’s online auctions. If you are a dealer, a hobbyist, or a driver, we hope this information helps you bid and win. Good luck! If you’re looking to bid and win your next vehicle, make sure to check out all our inventory at Copart.ca/VehicleFinder.