Chevrolet Corvette Auctions: The latest generation of the Chevrolet Corvette (C8) raised the level. Mid-engine, double-clutch, and overall performance far beyond the Porsche 911 & company. Chevrolet finally perfected the handling which means that now the eighth generation of the Corvette actually plays in the same league as Ferrari. Nevertheless, the Americans have not forgotten their origins: Compared to the luxurious mid-engine models from Maranello, the Corvette remains inexpensive.
Even though the Corvette is not the most expensive sports car, we all love to save money wherever possible. You can now buy a Corvette C6, C7, and even a C8 at public car auctions. Up until a few years, only those with a dealer’s license could attend these auctions, but now you can too. Here is how and where!
Stop paying double prices for Corvettes a week after the end of the auction! Dealerships attend these Chevrolet Corvette auctions, buy up the lots, fix and pretty them up and resell them to you for a big profit.
Previous examples of auctions
Corvettes are often bought without giving the decision too much thought, people want to have them even if they can’t really afford them. This means that a lot of owners quickly miss out on their payments. That is why most of Corvette’s on auction are mostly 2-5 years old with no more than 50,000 miles on the odometer. Here are a few examples from previous auctions. Scroll down even further to see salvage Chevrolet Corvettes on sale.
2018 Chevrolet Corvette Grand Sport Coupe: Sold at an auction in August 2020
Sold for 40000$.
2009 Chevrolet Corvette Z06: Sold at an auction in September 2020
Sold for 9000$.
2020 Chevrolet Corvette (C8 – still rarely on auction lots): Sold at an auction in March 2021
Sold for 30000$.
Salvage Corvette For Sale
One of the most sought-after Corvettes on auction are actually cars with salvage titles. The LS engine from a Corvette is very desirable for everyone doing engine swaps or just anyone who wants a reliable sports car and they don’t mind a little work. Here are two examples of salvage Corvettes that sold on auction and were both in a repairable state. A typical salvage 2016 Corvette in a fixable state goes for 7000$ (depends on the damage and model), older models like the 2006 Corvette goes for 5000$ or less.
Chevrolet Corvette Auctions: Everything you need to know (Frequently Asked Questions)
- How are these Corvette’s on auction so cheap?
So you are probably asking how can these Corvettes be this cheap. It’s simple, not a lot of people attend these auctions, because not a lot of people even know about them. If the car has been repossessed, the bank will only care about getting back what’s left of the loan. This is why the starting prices are so low. The same goes for surplus government vehicles. Federal agencies already have new cars or the budget needed for purchasing new cars so they just want to get rid of their “old” inventory. Keep in mind that most of these vehicles aren’t older than 5 years, which is the best part.
Dealerships and resellers know about these auctions so they buy up all the interesting lots and sell them for massive profits a week later. Don’t be the person who pays the double price, be the person who is smart enough to get access to these auctions.
- How do you access the whole auction database and how many auctions can you expect?
You get full access by creating an account at Gov-Auctions.org. Join directly by clicking here or read more and see some of the currently available cars by clicking here.
By creating an account at Gov-Auctions.org you will have full access to 3000+ live and online auctions happening all over the US. You get access to auction information like locations, dates, times, and detailed information about vehicle conditions and warranty. You get the same access as all the dealerships in the country. They know it’s worth it.
- How safe is the buying process and is there any warranty or guarantee?
The vast majority of auction centers offer a 3-month warranty or guarantee for free. This is standard and 3 months are more than enough for you to discover any major faults with the vehicle. That’s more secure than buying from a shady dealership or a reseller.
Auction centers are legitimate companies that work with banks, government agencies so the buying process is as secure as can be.
- Are these Corvettes on auction really in good condition?
Yes, most American cars like Chevrolet, Dodge, GMC, and Ford’s are on auctions and for sale by big banks and government agencies (not Corvettes, not many federal agencies use Corvettes). As soon as people miss the second payment of their loan, the banks reclaim the cars. The banks know that if people have a hard time keeping up with the loan payments, they surely have a hard time maintaining and servicing these cars.
Most of the Corvettes on auction are 2-3 years old and the majority have traveled between 25,000 – 40,000 miles. The older, rarer Chevy Corvettes are usually on sale by repo agencies and insurance companies. Banks make sure they reclaim these cars before they endured any damage from careless maintenance.
- How complicated are these Chevrolet Corvette auctions?
Contrary to the popular belief, auctions are not complicated at all. Here is how it goes. You arrive early, before the auction start and you can freely inspect the cars you are interested in. Most of the cars are accompanied by a free VIN checkup and you have all the time you need to fully inspect the car. Some auction centers even organize inspection days before the actual bidding. If you find a car that you want to buy, you register as a purchaser/bidder with a valid photo ID.
Online auctions are no different, you are provided with detailed photos, videos, and information about the offered cars. Online auctions usually offer longer warranties as you might not get to inspect the car in person before buying it.
- Are there any hidden fees when buying a car at an auction?
No there are no additional or hidden fees. There is a small one-time fee to register on Gov-Auctions.org. This fee makes sure the stream of information is regularly updated and that only serious buyers attend these auctions. Compared to the potential savings, this fee is more and reasonable. Learn more about public auto auctions in our other article, here.
For more Chevrolet Corvette auctions and information visit Gov-Auctions.org directly and browse through some of the current listings and more!
Gov-Auctions.org is the only official and audited source for government, police, and repo auctions all across the United States of America. For years on end, they have been and remain America’s most trusted and largest resource for Government & Police, live & online car auctions of Government pre-owned and seized cars, trucks, and SUV’s.