If you are currently looking for a car, you should consider looking at government car auctions. These auctions are not hard to find if you know where to look and usually offer many different vehicles for sale. If you are willing to do a bit of research and take the time, you can find affordable vehicles in good condition at one of these auctions.
Who Can Place Bids At Government and Police Car Auctions?
If you are over 18 years and you have valid identification, you are eligible to bid on cars in an auto auction Michigan. Other than being a licensed driver, all you need to participate in government car auctions is registering and bringing payment with you, should you bid on a vehicle successfully.
Most government car auctions will accept a range of payment options. Although you should check with a particular auction before visiting one, you will find that most auctions accept cash, cheque, credit cards, a cashier’s cheque or money order. You should not assume that you will be able to arrange financing if you have purchased a car at one of these auctions.
Where Do Auto Auctioned Michigan Comes From?
The vehicles sold at an auto auction Michigan come from a wide variety of sources and will therefore not all be in the same condition. A car may have been repossessed by the bank, seized by a taxation agency for failure to pay taxes. They may have been seized by law enforcement during the course of a criminal investigation. You can often find listings of vehicles that are being offered in an upcoming auto auction Michigan. Also, you should review all of the information you can get on the vehicle, its condition and the features that the vehicle has. You may find that the vehicles in auctions range in terms of how much mileage is on the vehicle, the model years of the vehicles being auctioned, and other features as well.
Are There Other Kinds Of Auto Auctions
You may find that other vehicles are being auctioned as well depending on the size of the auction. Larger areas may focus on cars, but if there is an annual auction in a smaller area, they may add in items such as boats or ATV’s to round out the auction. There are different forms of auction. There are sealed bid auctions, where the bidding process is extremely private and you do not know what the other bids or bidders are. You may find vehicles on internet auctions as well, and internet auctions are becoming more common and increasingly popular as more people have access to the internet.
What You Need To Do Before Engaging in an Auto Auction in Michigan
Not all auctions that sell cars are government used car auctions. In fact, there are many auction houses that are in no way affiliated with the government at all. To find a real government auction, check online to verify the auctions. You can simply ask around locally about other people’s experience with the dealer. In some cases for instance, you may find that the car didn’t come with any paperwork, causing delays in getting the car out. If you are concerned about the paperwork, all you really need to do is ask whether or not the car will come with a free and clear title.
Also, make sure that you assess the car for damage, or ask about previous ownership. Typically, you will find that government car auctions are a great place to find cars that are in good working conditon, but that is not always the case. In most auctions, you can start the car, check the tires and engine and even bring in your own mechanic to look at the car for you to ensure you are getting a dependable car at an affordable price.
Auction Premiums and Fees
In most government car auctions, there are no registration fees unless an outside auction company has been hired to run the auction. You will find out about any registration fees before you bid, however, so there are no surprises after you have won an auction. To register for an auction, you should be prepared with your valid driver’s license, and be over the age of eighteen to bid. Fees can vary depending on the auction house that you use.
Unlike registration fees, buyer’s premiums and fees for online auctions will depend on the auction or site that you are using to bid. In some cases, a buyer’s premium can be up to ten percent of the total sale, which will be added onto the winning bid. When using a website to bid, you may be asked to pay a fee to use the site before you are allowed to bid. Each type of fee is uniquely associated with the website that you have chosen to use. You may want to consider shopping around for a site that is affordable.
Know If There Are Any Warranties
Most government car auctions do not offer any kind of warranty on their car But some online auction sites will guarantee their car for a certain length of time after the sale date. In addition, you may be able to purchase an extended warranty immediately after buying the car to ensure you are covered just in case something goes wrong. Even though most cars are these auctions are reliable, it is a good idea to cover all your bases.
If you are interested in taking part in government car auctions, the internet is one of the best tools for accessing and researching them. You should look at statistics for past auctions held in the same area as it can give you an idea of the amounts that vehicles have been sold for in the past. This can give you a bit of a guideline for what you may be paying at the auction you will be attending.
In an auto auction Michigan, you will find that all cars have a title with them that is checked for liens before purchase. This will ensure that you are getting a car that is not only cheap, but also free and clear so that you can begin to enjoy it immediately.