At these auctions you'll see a lot of dealers, who are not willing to pay more than wholesale "book" value. So, for many cars, these are the people you'll be bidding against. Therefore you may have to pay slightly more than wholesale to win. You can look at www.kbb.com trade-in values to get a good ideal of wholesale values. Here's an article about it:
http://www.leaseguide.com/Articles/surpl鈥?/a>
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