Auto Auctions - Buying Repossessed Vehicles
Government auctions of repossessed cars, trucks, SUVs etc are a much cheaper way to buy used vehicles. This is due to the fact that repossessed vehicles go for 40 to 70% less than their original price!
Repossessed vehicles that the government has taken ownership over come from people who have acquired their cars through the ownership of dirty money or are allegedly involved in criminal cases. After repossession the vehicles are put into a public garage until which time the case has been settled. Once the case is over, if the previous owner loses, the vehicle is then sent to auction.
Mainly the government turns them over to private auction houses to sell the vehicles for them. These cars are then sold to members of the public at much lower prices.
However, the locating of these government auctions can be quite difficult. Simply asking at your local police station for the whereabouts of the seized cars will prove fruitless. When trying to locate these seized cars yourself and not use an online searching guide, whats required is visits to the auction houses and research.
You can use your yellow pages to find numbers of all the auction houses as unfortunately they do not usually advertise the seized vehicle sales. To find out which ones handle seized vehicles check with them when you are speaking with them on the phone.
Visit their office after you find out the ones that do.
Once there check the lists for the government auctioned repossessed vehicles. That will give you a chance to short list any car models that you like. Try to get as much information as you can on your initial visit.
Including finding out all the documents you will need to present. Also, how much cash you will need if you do win a bid plus any specifics like the dates and times of auctions. Before attending an auction to actually bid on a car its a good idea to go as an observer first if you can.
Watching how the bidding process works before actually bidding gives you an idea of how it works.
Last of all, practice restraint. Auctions especially can have a highly competitive mood, creating a lot of adrenaline within participants. Dont let the fever take you, if the price goes above your budget stop there, you can always bid on another vehicle!
Theres a link to a guide at our site which can give you current lists of dates and times of all auctions of seized vehicles across the US.
The auctions available are both online and offline. - 21396
Repossessed vehicles that the government has taken ownership over come from people who have acquired their cars through the ownership of dirty money or are allegedly involved in criminal cases. After repossession the vehicles are put into a public garage until which time the case has been settled. Once the case is over, if the previous owner loses, the vehicle is then sent to auction.
Mainly the government turns them over to private auction houses to sell the vehicles for them. These cars are then sold to members of the public at much lower prices.
However, the locating of these government auctions can be quite difficult. Simply asking at your local police station for the whereabouts of the seized cars will prove fruitless. When trying to locate these seized cars yourself and not use an online searching guide, whats required is visits to the auction houses and research.
You can use your yellow pages to find numbers of all the auction houses as unfortunately they do not usually advertise the seized vehicle sales. To find out which ones handle seized vehicles check with them when you are speaking with them on the phone.
Visit their office after you find out the ones that do.
Once there check the lists for the government auctioned repossessed vehicles. That will give you a chance to short list any car models that you like. Try to get as much information as you can on your initial visit.
Including finding out all the documents you will need to present. Also, how much cash you will need if you do win a bid plus any specifics like the dates and times of auctions. Before attending an auction to actually bid on a car its a good idea to go as an observer first if you can.
Watching how the bidding process works before actually bidding gives you an idea of how it works.
Last of all, practice restraint. Auctions especially can have a highly competitive mood, creating a lot of adrenaline within participants. Dont let the fever take you, if the price goes above your budget stop there, you can always bid on another vehicle!
Theres a link to a guide at our site which can give you current lists of dates and times of all auctions of seized vehicles across the US.
The auctions available are both online and offline. - 21396
About the Author:
If you liked this article on Auto Auctions have a look at my website Real Government Auctions for plenty of invaluable information for you!
posted by X - Men @ 3:36 AM
0 Comments
0 Comments:
Post a Comment
Subscribe to Post Comments [Atom]
<< Home