- 1). Determine your purchasing budget. Add up all cash that will be available before or on the day of the auction. Subtract 10 percent from your highest affordable price to cover the buyer's premium. A buyer's premium is a type of service charge to cover the auction cost. Withdraw your money in cash or by bank draft from your bank account before attending the auction.
- 2). Buy a copy of the NADA Guide or Kelley Blue Book. Use these reference guides to find the true market value of the cars at the auction. In addition, obtain a copy of the Dealer's Black Book. These can be purchased from online auction sites such as eBay.
- 3). Find a Nebraska car auction. Go to the Lincoln Auto Auction website and Nebraska Auto Auction website to register and find auction dates and times. Read the disclaimers carefully for terms and conditions.
- 4). Run a vehicle history report on the car you wish to purchase before committing to buying it. In the state of Nebraska, as in other states, most auctions will allow you to purchase a vehicle history report as a contingency of sale.
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