What Does Passed Mean At A Car Auction

Passed Vehicles means the reserve on the car was not met.
All the cars are all good running cars that we guarantee the motor and transmission is in good working order or you get your money back. This over course adds value and forces companies to bring us good running cars. That is good news for you.
Because these cars are actually bought for real money there is a actual price attached to the cars. This is called a Wholesale reserve. Like all auctions in the world auctions do not actually own what they are auctioning off, banks own them typically. As a result we do not know the exact price of this reserve, but being in business for over 10 years we know that a wholesale price reserve averages out to about 50% of the Kelly blue book retail value.
So as long as you are within that range, 50% of the Kelly blue book retail value, you are going to win the car for the lowest for a wholesale price in the USA.
For example, if you are looking at a 2002 Jeep Cherokee and the Blue Book retail is $6825 you should be prepared to bid around $3500.
A few times a year we have what is called a No Reserve Blowout Auction. These very special Auctions are rare in that they are the exception to this rule. And with good reason because the car sells to the high bidder no matter what! During those auctions Many Cars are Sold under No Reserve and still have a good motor guarantee. Those cars will be clearly marked NO RESERVE in the heading next to the car in our online catalog.

Interstate Auto Auction

Interstate Auto Auction Owner Makes New Album

Tonights Auction Features Two Georgeous 05 Cadillacs. Sporty STS and the SRX w/DVD http://ping.fm/r3c0R

The Car Auction Question of the Week Comes From Sam

hi my name is sam and im very curious about your auction ive been lookin for one for quite awhile but have question, if i come to your auction and dont find a vehicle that day do i still have to pay a fee?? and can i test drive vehicle before i buy?? if you could email me back as asap so i kno and i could ocme down wed. thank you for your time,

Thanks for your interest Sam,

I am glad to inform you we do not charge you to attend our auction. You will not have to pay a fee if you do not win a car or bid on a car or even test drive our cars! Test Drives are 9am-5pm on Wednesdays.

Regards,

Interstate Auto Auction

Question of the Week Comes From Ben

Question of the Week.

Can you tell me why on a closed auction cars are “Passed” ? Does that mean the reserve was not met?

Thanks for the help.

Ben

Thanks for your Question Ben! Remember we always have no reserve cars for Auction every wednesday!

Passed Vehicles means the reserve on the car was not met. And All Auctions that have good running cars have a reserve.

These Green light Cars are all good running cars that we guarantee the motor and transmission is in good working order or you get your money back. This of course adds value and forces companies to bring us good running cars. That is good news for you!

Because these cars are actually bought for real money there is a actual price attached to the cars. This is called a reserve. Like all auctions in the world auctions do not actually own what they are auctioning off, banks own them tyipically.  As a result we do not know the exact price of this reserve, but being in business for over 8 years we know that a wholesale price reserve averages out to about 50% of the kelly blue book value.

So as long as you are within that range, 50% of the kelly blue book retail value, you are going to win the car for the lowest prices in the USA.

For example, if you are looking at a 2002 Jeep Cherokee and the bluebook retail is $6525 you should be prepared to bid around $2500-$4000.

NEW NO RESERVE CARS ARE COMING! EVERY WEEK NOW! GREEN LIGHT

NEW CARS SELLING WITH NO RESERVE! STARTING 7/28 click here http://ping.fm/v3iTz