Car--Truck--Motorbike Auction--How Does It Work

[mascarakatze]

Next to the Carrefour shopping center (BIG C) there are 100's and 100's of cars and maybe a thousand scooters. I saw a sign on the road with a website for an auction and a Bangkok phone number. Does anybody know when this auction will occur and how it works.

Somebody told me that you can't actually start the bikes. Can you get a green book

[PoolHustler]

What Big C did you see the bikes/cars at?

you can then search Union Auction Bkk and see if they are the ones holding the auction

[NeverSure]

Has all of the flood water drained away from them yet? Seriously, I know many are repos, etc., but unless they were really cheap, how could I buy without even starting them?

Every vehicle auction I've ever been to, they drove each vehicle past the crowd on a bit of a platform, pausing for a moment and then on came the next one. At least you could hear them run, look a bit under them, and believe they might make it home.

[WinnieTheKhwai]

For the cars at least you can typically start them, but no test drive.

You have to register in advance (there's a fee involved to join the auction), then you just bid, same as everywhere. When you win a bid you have to pay a deposit, and have a couple days to come up with the remaining payment; this is typically specified in a list of rules for the auction, so read up on that in advance.

[KRS1]

Went to an auction once, didn't save much, the motorbikes didn't start after i bid, i had to hire a truck to take them to a shop, batteries were missing and one bike had bent forks.

It took 4 hours for the auction to finish, another 1.5 hours to pay and a month for the registration book to clear.

Some bikes were privately owned and ghost bidders artificially inflated prices.

If you are thinking of flipping bikes, the margins aren't there for a fast profit. All the money is in financing them, especially the late model bikes...the prices are to close to a brand new bike.