Cars Repo - Buying At Governement Auctions
Its a sure guarantee that when buying used cars, buying repossessed vehicles from government auctions is gonna get you a much better deal. The reason is because vehicles at these auctions are put up for sale at 40 to 70% off their original asking price!
The trucks, SUVs, etc that are now under the control of the government are there because their previous owners were either involved in criminal events or their money was illegally owned. When the cars are first repossessed a public garage houses them until the cases have been settled. If the case does not settle in the previous owners favor, it cannot be reclaimed and the vehicle goes to auction.
Mostly it is the private auction houses that the government asks to sell the cars for them. These cars are then sold to members of the public at much lower prices.
Unfortunately trying to find these auctions on the web can prove hard. The police will not simply give you a list of all the places of the seized cars. 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.
As these auction houses dont tend to advertise seized vehicles you could try calling any numbers you find in your local yellow pages directory. Call the numbers you get and ask them which ones handle the sales of any seized vehicles.
Go and visit the offices of the auction places that do sell any seized vehicles.
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. Make it a point to get everything you can out of your first visit.
Ask them what kinds of documents you will require presenting. And other specifics like the amount of money you would need to have on you if you did win any bids as well as any dates and times of future auctions. Before attending an auction to actually bid on a car its a good idea to go as an observer first if you can.
Being a spectator before trying the bidding process gives you a good start to how everything works.
Finally, restraint is a good thing to practice. Auctions especially can have a highly competitive mood, creating a lot of adrenaline within participants. Therefore, if the bidding price gets higher than you would like to pay, back off as there will always be more!
If you take a look at our site you can see a link to a guide with all US auctions available of seized cars including all auction times and dates.
The auctions available are both online and offline. - 21392
The trucks, SUVs, etc that are now under the control of the government are there because their previous owners were either involved in criminal events or their money was illegally owned. When the cars are first repossessed a public garage houses them until the cases have been settled. If the case does not settle in the previous owners favor, it cannot be reclaimed and the vehicle goes to auction.
Mostly it is the private auction houses that the government asks to sell the cars for them. These cars are then sold to members of the public at much lower prices.
Unfortunately trying to find these auctions on the web can prove hard. The police will not simply give you a list of all the places of the seized cars. 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.
As these auction houses dont tend to advertise seized vehicles you could try calling any numbers you find in your local yellow pages directory. Call the numbers you get and ask them which ones handle the sales of any seized vehicles.
Go and visit the offices of the auction places that do sell any seized vehicles.
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. Make it a point to get everything you can out of your first visit.
Ask them what kinds of documents you will require presenting. And other specifics like the amount of money you would need to have on you if you did win any bids as well as any dates and times of future auctions. Before attending an auction to actually bid on a car its a good idea to go as an observer first if you can.
Being a spectator before trying the bidding process gives you a good start to how everything works.
Finally, restraint is a good thing to practice. Auctions especially can have a highly competitive mood, creating a lot of adrenaline within participants. Therefore, if the bidding price gets higher than you would like to pay, back off as there will always be more!
If you take a look at our site you can see a link to a guide with all US auctions available of seized cars including all auction times and dates.
The auctions available are both online and offline. - 21392
About the Author:
If you liked the article on Auto Auctions have a look at my site Real Government Auctions for lots of valuable tips for you!
posted by X - Men @ 2:57 AM
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