Most all auctions have a system in place to allow people to understand what quality of products/cars they are bidding on. Allot of auctions have multiple lanes running 3 to 10 cars
simultaneously. As you can imagine for a rookie bidder this can be over whelming and very chaotic. In this system each lane will have names such as Lane A, Lane B , and Lane C. Each lane represents many different meanings. Most important being that the lane represents the overall quality of the car. For example, Lane A may indicate top of the line cars that need no work at all while Lane C would have cars that are a little rougher around the edges. This of course changes the value of the cars. For example, lets say that in Lane A and Lane C you see a Red 2002 Honda Accord. You see that both 2002
Honda's are
identical in options,
mileage and cleanliness, but the Lane A Honda sold for $3,000 more then the Honda in Lane C. This just simply means you get what you pay for. The Lane A Honda is a better car then the identical Lane C Honda that needs brakes, has AC that needs to be fixed, and a power window that no longer is working. The question you most ask yourself is it better to save $3,000 or not. It really is that easy to understand Auction Car Values. Know The system... So here is how Interstate Auto Auction's system works.
Our auction uses a lighting system that is both easy to see and understand.
1. Are most valued Cars are GREEN LIGHT. These are the only cars that you will see online. Means that the vehicle's motor and transmission are in good working order. After delivery of your vehicle, Interstate Auto Auction will provide a 1 hour arbitration period for engine and transmission issues. Full refunds will be issued for valid arbitration claims.
2. YELLOW LIGHT: Yellow Light indicates that an important announcement regarding the vehicle is being made (ie: condition of vehicle or special title announcements).
3. RED LIGHT: Vehicle is being sold as-is. No warranty or guarantee on the vehicle. No refunds will be issued for any defects. We run all Cars Red light on site only!!!! We highly suggest to test drive all these cars from 9am-5pm so you know what you are getting!
