Auctions

• Auto auctions often feature motorcycles too. The two main types of vehicle auction -- those open to the public and those that require a dealer's license -- often provide vehicle reports on motorcycle history for interested buyers. Bidding begins at a price set by the auctioneer and increases as interested motorcycle buyers place bids; if your bid wins, you must pay the same day.
  
  

Obtaining a Dealer's License

• A dealer's license auction decreases the amount of potential bidders because the general public cannot gain access. Obtaining a dealer's license begins by contacting the Department of Motor Vehicles. Laws vary by state.
  
  

Warning

• You must buy repossessed motorcycles as is. Overlooking problems, missing parts, cosmetic damage or fees required can turn a great deal into a costly endeavor.