Auctioned car value

Touchdown_Texas

500+ Posts
Is there a way to find out what a car was paid for at auction?

A friend of mine is buying a previously-leased car from a dealer who purchased it at auction. It's priced under bluebook value, but is there a general guideline for how much less he can offer since the dealer probably got it for much less? Fwiw, the dealer claims his price is no-haggle, but hard to tell if this is just a tactic.
 
I don't think so, unless you know another dealer who always attends the same auction and might remember what that one car sold for, but it doesn't matter.
What matters is what the car is worth in the current market. The dealer might have bought a car that needed some repairs, tires, cleaning, etc, it might have needed a transmission, it might have needed a dent repaired, whatever.
Even if it didn't , the dealer took a chance on buying the car at auction, and expects to sell it for what the average retail price is in the marketplace.
And either he is lying about the no haggle policy, or that is the bottom line price and they don't take lower offers.
 
I guess it's that feeling of over-commissioning a dealer knowing that he got it for much less.

In other words, would you pay 28K for a car that was purchased at auction for 14K, even if the no-haggle price was on the lower end of BB value? In the case of a new car, there seems to be a general rule of how much to tack onto the invoice price. How do decide what is fair when you don't know the invoice price?
 
If 28K is a good price to pay for the car, then it is worth that much and someone will buy it for that price. It doesn't matter if they bought it for $32.45. They aren't Robin Hoods, they are business persons.
 

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