I have a neighbor who recently bought a car at auction. I am not a "car guy" and neither is my neighbor. However, the husband of my neighbor's wife's coworker (say that 5 times fast, lol), is part of running an auto auction 4 times per year and so he gave this man a price range and group of cars and was able to get the car at a very low price. I am told this type of action is one where a dealership would also normally buy cars and so there is quite a bit of money to be saved (the amount the dealership would mark up the car). I might be able to go the same channel for our next car, though that is at least a couple years down the road, but is this a smart idea?
Has anyone done such a thing with good or bad results? And if so, since I am mostly out of the process, is there anything to suggest before making a purchase at auction?
Thank you in advance for your posts.