Auto Auctions - Buying Repossessed Vehicles
Steve Brodie If you are looking to buy cars, you are going to get a much better deal in buying repossessed vehicles from government auctions. Repossessed trucks, SUVs, Cars, etc are sold at auctions much less than original price, around 40 to 70% less!
Vehicles that the government acquires come from people that are supposedly involved in criminal cases or simply have bought their property through bad money. After repossession the vehicles are put into a public garage until which time the case has been settled. Should the case go against the favor of the previous owner the vehicle in question goes to auction.
Mostly it is the private auction houses that the government asks to sell the cars for them. Anyone interested in buying one of the vehicles can now do so from one of these auctions.
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. To find out which ones handle seized vehicles check with them when you are speaking with them on the phone.
Once you find out which ones do, take the time to visit their office.
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.
Including finding out all the documents you will need to present. 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.
Watching how the bidding process works before actually bidding gives you an idea of how it works.
Finally, restraint is a good thing to practice. Because of all the competitive fever in the air you can feel a lot of adrenaline. 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.
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