You've probably a heard a lot of different things about auto auctions. Some of these rumors are likely accurate, while others are more exaggeration than fact. So what are some truths that you need to know? It certainly helps to be aware of the advantages of an auto auction, and that means you should be keeping these five perks in mind. 

1. Cut through the red tape
When you buy a car, you usually have to go through long processes and bundles of paperwork. That's not the case at an auto auction. In fact, places like NJ State Auto pride themselves on providing buyers with options that allow them to drive off the lot with their purchase as soon as possible. To help, the financing department even offers same-day credit approval, which gives you some of the monetary assistance you need to finalize a purchase. 

2. Find lower prices
Many drivers will be drawn to the great value at auto auctions. CarsDirect noted that many sticker prices at auto auctions can't be found anywhere else, and bidding options can allow drivers to save even more. When you only bid what you think a car is worth, you can avoid high prices and take advantage of great deals. 

3. Browse a high volume of vehicles
Another benefit of these auctions is that they often have a wide range of vehicles for sale. At New Jersey Auto Auction, for example, you can browse the hundreds of Carfax-certified cars, trucks and vans available on the lot. Not only are you able to look through many makes and models, but you can also check out cars from different age ranges. This makes it easy to find the type of car and features you want, all while staying within a budget. 

4. Speed up the process
Auto auctions often allow you to act much more quickly than traditional dealerships. You have the option to begin registration paperwork before you even get to the lot, and you can start the bidding process almost immediately. Those who don't want to waste any time can select the "buy now" option. 

5. Trust the vehicle maintenance 
If you're buying a used car at an auto auction, you know the lot has checked the vehicle over and given the machine its stamp of approval. Additionally, easy access to a vehicle history report allows you to scope out the car's past and evaluate any damage or maintenance that it has been through. The auction may also have its own car care center, which you can keep in mind in case you need any work done in the future.