What is Wholesale Car Auction?
Wholesale car auctions take many forms. The most common type is the seized car auction that is offered by every state. Every year, thousands of cars are legally impounded by the federal state, from criminals and law violators. Banks and IRS also tow cars due to unpaid bank loans and tax dues. These cars are then sold through wholesale auto auctions for extremely low prices in order to dispose off the units as soon as possible. Unsold seized cars can take space that may lead to incurrence of storage and maintenance cost. How to Participate? Wholesale car auctions in South Carolina are normally advertised through local publishing like newspapers. This is to entice as many people as possible. In general, wholesale vehicle auctions can either be open to the public or be restricted to car dealers alone. Should you want to participate as a car dealer, you may have to register and get a car dealer’s license in order to be allowed to bid. Dealer car auctions normally offers great car deals com
