Summer car shows are great, but there are a lot of advantages to attending an auto auction, even if you aren’t in the market to buy. Car shows involve a lot of walking. With auctions, you can sit in bleachers while the cars drive right past you, over the auction block. At car shows, everyone knows you don’t touch a car on display. At car auctions, the seller wants potential buyers to look the car over, pop the hood and even sit behind the wheel.
Specialty Auto Auction holds a car auction at the Ranch in Loveland twice each year, every spring and fall. Bidding occurs live at the Ranch but also simultaneously on-line. This past Saturday’s auction helped approximate 150 collector cars find new homes.
In addition to putting together the auction in Loveland each fall, Specialty Auto Auctions of Fort Collins also partners with B & T Custom Rods and Restorations to sponsor Hot August Nights in Reno, Nevada and Lake Tahoe, California. Hot August Nights is a multi-day celebration of 50s and 60s car culture, along with a huge classic car auction.
Specialty Auto Auction was founded in 1987 by Bruce Douglas and his wife Helen. They have held auctions in several western states including Colorado, South Dakota, Texas, Nebraska and Wyoming. Twice a year at the Ranch in Loveland and once a year in Brighton, Colorado, Specialty Auto Auction help collector cars find new homes, bringing together classics, antiques, muscle cars, as well as special interest vehicles. “We bring together cars for any budget and taste” stated Bruce. “Our goal is to give our customers the best service while creating a fun and exciting environment to trade cars.”
If you’re thinking about listing your car in an auction, here’s some tips Bruce has to offer. Review your title to make sure VINs match and everything else is in order. A clean, waxed and shiny car always presents better and helps bring in top dollar. Make sure everything under the hood is clean and presentable as well. An honest fact sheet will help potential buyers by stating the history of the car and what restoration work has been done.
You’ll have to decide whether to list your car with or without a reserve (minimum) price that you will accept. The fees and percentages are less and the bidding is usually more lively with no reserve cars, but no doubt it is more nerve racking for the seller. If you do go with a reserve and will be present while your car is on the auction block, you can lift the reserve and accept the current bid or above, which often (but not always) gets the bidding going again as people know the car’s definitely going to sell.
You can contact Specialty at their Fort Collin’s office by calling (970) 266-9561. Their web address is: http://www.saaasinc.com/. Also look for Specialty Auto Auction on Facebook, where you will see a great photo album of cars they have auctioned or will be auctioning soon.
Trivia question: What was the first car to offer power seats?
Answer to the last article’s Trivia Question: The first report of a stolen car was in 1905 in St. Louis, Missouri.
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