How Government Seized Car Auctions Can Give You Powerful Wheels
Government seized car auctions are the perfect places to find a car if you have a tight budget or want to resell them for quick profits. Many people are still kept in the dark of its existence. Up till this day, the majority of buyers are still going to sweet-talking second hand car salespersons when they do not need to. Read on to find out how you can get your new car at rock bottom prices.
What are Government Seized Car Auctions?
Everyday, the government agencies are busy clamping down on criminals, busting drug and criminal syndicates. From these blitz, often, they can seize many vehicles. You have SUVs, sedans, motorcycles and such and even sports cars. Needless to say, with so many vehicles entering the government warehouses, it can be a pain to maintain and hold them. It is a losing race against depreciating car values. This being the case, the government has little choice but to auction them off at ridiculously cheap prices.
If not for these conditions, there is no way you can find a vehicle at 90% off the retail value. And we are not talking about old, worn-out condition vehicles. You can find branded cars like BMWs, Mercedes, Honda, Mazda and other famous wheels there. For $200, you can possible drive home one of these.
Notes about Government Seized Car Auctions
To participate in such auctions, you need to be at least 18 years old. Bring along your ID when you are there as verification is needed. Alternatively, get someone who meets the age requirement to represent you.
You may want to know that there are also private auctions organized by the government. These are normally for bulk buyers ie the car dealers. To enter, you need a license to bid. But fortunately, there are so many public auctions around that you can participate in to drive home a new car. So, do not worry.
There are a few ways to check out whether there are government seized car auctions taking place in your state. Stop by the local government auctioneers or call up the government agencies. Flip through the classified ads section of the local dailies and you probably can find some information. But the details may be obsolete and could be a bit stale by the time you find it.
Ideally, you need to know about the venue and car listings before you even enter an auction. This gives you ample time to find out all you want to know about the vehicle details such as its car value, make, model and performance. This piece of information can be found on seized auto search directories like the one listed in my blog.
There would be many government seized car auctions happening simultaneously in different states. So you need not worry about not finding your dream. But you do need to work out a planned route on which auction to stop over. The golden rule is to list down a few car models in order of your preference. Just in case you lose the bid for your top choice, you can always drive off to another auction to bid.
However, this requires you to know the time and venue of the auctions. They would often open their doors early to allow potential buyers a chance to see the vehicles and do some preliminary checking. Details about the time and venues of auctions can be searched through seized auto search directories online.
Finally, always bring along a qualified car mechanic as he would be able to perform simple diagnostics to assess the condition of the vehicle. If you have a friend who is good at that, ask him or her along. To get started, check out my blog for an up to date listing of the current government seized car auctions.