Activity at a Public Auto Auction takes place well before the sale day, starting with receiving consignments of vehicles from various sellers, including dealers, manufacturers, banks, rental car companies and other commercial businesses and government agencies. These activities are all coordinated between the seller or their representatives and the auction staff as part of the Pre-Sale Activities. On sale day, hundreds of cars will be processed and sold at the auction. Once the sale of a car is agreed upon, there are a number of activities for the auction to facilitate to complete the transaction, and a number of services which are offered by the auction operation to assist in enhancing the exchange as part of the Post-Sale Activities.
How PM Auctions Work
Easy as 1-2-3!
Getting Started 1
Register. Participation at PM Public Auto Auctions is free. A valid US drivers license is required to ensure that bidders accept responsibility for their bidding activity. All registered bidders are subject to billing address verification. No P.O. Box address will be accepted.
Eligibility of Bidders. Bidders must be at least 18 years of age and hold a valid U.S drivers license. Auction participants are required to register prior to each auction. Just bring a photo ID to register and receive your bidder number
Inspection. Familiarize yourself with all the vehicles you are seeking. Bidders are invited, and urged to inspect the vehicles prior to bidding. PM highly recommends buyers check out their prospective vehicles. Also, be prepared to bid on several alternatives in case your first choice is purchased by someone else. Bidders must contact an auction representative with any questions or concerns prior to bidding. The inspection period is 3 hours prior to the beginning of the auction.
Review the Auction Catalog. PM will distribute a catalog of the vehicles available for purchase on the day of the sale. The Auction catalog lists each vehicle with its make, model and year.
Mock Auction participation. PM Public Auto Auction houses conduct a brief mock auction just prior to the actual sale. The mock auction will help familiarize you with the process.
Consideration of Bid. Bidding is easy and exciting, each car drives up to the lane individually to the auction block in which the auctioneer and representatives are seated. The auctioneer will announce each vehicle, the vehicles are then sold in an open bidding process. It is the policy of PM silent auctions to monitor bids and other activity, our entire sale is video taped for your protection. Our auction also include ringmen who assist in spotting bidders and clarifying current bid levels for the participants Public Motors. Auctions reserves the right to reject any and all bids. Bids can be rejected for any reason.
Oral Statements and Modifications. Any oral statement or representation by any representative of Public Motors, changing or supplementing the bid price or contract or any condition thereof, is unauthorized and shall confer no right upon the bidder or purchaser. Further, no interpretation of any provision of the contract, including applicable performance requirements, shall be binding on Public Motors. unless furnished or agreed to, in writing by the Contracting Officer, Auction Manager or a designated representative. All vehicles are sold "as is - where is", meaning there is no implied warranty optional warranty may be purchased.
Payment and Removal. A $850 non-refundable deposit is required at the time of the sale. You must pay for items awarded to you in full within 24 hours from the time and date of the sale. You must take delivery within 24 hours otherwise a $25.00 per day storage fee will be assessed, unless otherwise specified in the contract. PM accepts U.S. currency; bank cashier check; cashier's check issued by Federal or State chartered credit unions; U.S. Postal Service or commercial money order; traveler's checks, MasterCard, VISA, Discover and American Express. Personal checks and Company checks are not acceptable. For more information please review the Terms and Conditions.
Optional Services. For an additional cost a Service contract may be purchased if the buyer wishes. Wheelz is the service contract provider, we have negotiated agreements with these vendors to be able to provide these Optional Services to our Auction customers at a much lower rate than traditional plans. Additional Fees. All applicable sales tax, documentation fees, DMV fees, smog fees, and finance charges (if any) will be collected on all vehicles.
Registration and Title to Property PM Public Auto Auctions make it easy for you! Public Motors completes all necessary paper work, including hassle free processing of DMV registration and transfer forms. Title and Registration will be mailed in 60-90 days directly from DMV to the purchaser. PM will provide all buyers with temporary registration, which is valid for 60-90days. A physical address is needed for DMV, No P.O BOXES will be accepted.