Several federal, state and local law enforcement and government agencies (as well as banks and credit institutions) regularly auction thousands of cars, trucks, and SUVs. These cars are often sold for a fraction of their sale value, sometimes up to 95% of the book value, and therefore can allow you to buy a vehicle with large savings. With a little patience and a plan of action, you can literally buy the car of your dreams for pennies in dollars.
The fact is that the cheaper you can buy a car, the better your financial situation will be because we all know how quickly new cars lose value as soon as they are taken out of the lot. This is what makes an auction of confiscated vehicles an excellent way to buy a new or used vehicle. Not only can you find cars in perfect condition, you can buy at bargain prices, which means that the car you buy will actually be worth something after buying it.
The point to remember is that there are many really nice cars, trucks, SUVs, boats, and motorcycles available at these confiscated vehicle auctions because banks and government agencies simply want to get rid of them. These seized vehicles are often luxury vehicles that are confiscated by people who carry out illegal activities, such as drug-related activities that involve a lot of money. Government agencies do not want these vehicles in their books and are willing to part with them for a small percentage of their real market value.
In addition, government organizations often auction off retired fleet vehicles, which include retired police cars and government service vehicles. These cars tend to be nationally manufactured cars, usually with high mileage but well maintained. For these vehicles (unlike seized cars), complete vehicle histories are often available.
The biggest advantage you have with auctions of seized vehicles is a large number of vehicles you can choose. There is something for everyone at an auto auction and there are many chances that you can find the car, truck or SUV that you have always wanted below the market value.
And if you’re wondering how to find an auction for confiscated vehicles near you, you’re in luck. Fortunately, there are auction sites on the Internet that give you the ability to quickly locate auctions of confiscated vehicles throughout the country. You can quickly look through the vehicles that are offered to bid and, in many cases, you can even make offers online, saving you a trip to the auction site.
Government car auctions can be one of the best ways to snatch a large amount in your favorite car. The most successful car dealers buy their used cars at local car auctions at wholesale prices. Many people do not know that there is a variety of these auctions that are also available for people like you and me.
When looking for an auction near you, it is definitely worth knowing some initial tricks that can save you time and money. For starters, using the Internet can be a great advantage to find the best deals in advance. By placing an online auction, you can restrict your search to locate cars that fit your exact purchase specifications. In addition, you can determine if the car has the right mileage, condition, and color to suit your preferences. In addition, you can often use the Internet to learn about the initial offer and offer increases to make informed purchasing decisions.
Since the cars that appear in online auctions are from virtually every state in the United States, you can search in a wide area for the exact car you want. Something really great about these auctions is that many of the vehicles are only two or three years old and in good condition. Many of these vehicles have been tendered because their previous owners were late in their loan payments. For this reason, you can be sure that you are receiving great offers from the bank or financial company that only wants to recover the loan losses.
The vehicles confiscated by the police vary in conditions, some are not worth dragging home, and some are only a couple of months, with very few kilometers in them. It is important to check the cars before bidding for them, and if you have no mechanical inclination, look for someone who does, to verify them.
At police vehicle auctions, the tender will start low, and the highest bidder will take the car home, regardless of how high its bid. Most cars will sell for a few thousand dollars less than they are worth, which justifies buying one at a police auction, and if there is very little competition in the car, you can get an incredible deal. Five-hundred-dollar cars are not every day, but they happen. One of the best things about police property auctions is the fact that there is no profit margin for the dealer, you pay the price of your offer, plus any buyer premium that will be counted before the start of the auction.
Local police departments are not the only ones selling their seized and surplus cars, the fifty states have state car auctions, which sell surplus and seized cars to state police, and any state agency that needs to get rid of a vehicle.
If getting a dealership to bid for you is not an option, your best option is to look for public car auctions. Even lots of private auctions usually have an occasional auto auction, South Carolina. Other places to try are government agencies, police garages and confiscated lots.
Keep in mind that not all lots of auto auction South Carolina have a good reputation, and bad guys only do rudimentary checks on the vehicles they auction. Avoid those places, as you may end up with a car that has a disputed title and can bring you legal and financial problems. Reputable auction sites perform complete vehicle history checks before placing them at auction. Even so, it is a very good idea to make your own vehicle check if you are thinking of bidding on a car.