Government seized car auctions can work for you if you understand how they function and learn how to make use of them to buy cheap vehicles. Few people actually even know that they exist which gives you an edge over most folks. While it is really a disadvantage to the government to sell the cars at dirt cheap prices, it is great gain to you as a potential buyer.
Government Seized Car Auctions - Why They Exist
The authorities such as DOE, IRS, US Marshals are seizing thousands of vehicles every single day. The existing laws allow them to repossess such vehicles from tax defaulters or evaders and others in breach of criminal laws. With so many cars entering the inventory, there just isn't enough space to accommodate them. This together with the pressures of depreciation forces the government to sell them off at very low prices.
This is why you, as a buyer can find a vehicle at huge discounts. Sometimes, you can even walk away with a nice BMW at 80% off its retail value. The conditions of the cars are generally good and if you are sharp enough, you would even find those that are barely 2 years old.
Tips for Participating at Government Seized Car Auctions
There is normally a minimum age requirement for participants/bidders. This can vary from state to state but generally, it is 18 years. If you are still too young and cannot meet the age requirement, you probably cannot drive or do not have a license at all. But then again, the rules can vary in different states. For example, the legal age to drive is 16 in California and 16 and a half in Pennsylvania.
There are some auctions which are not privy to the general public. This requires the application of a license in order to be able to bid. Normally, these are for the dealers. Nonetheless, there are plenty of public auctions which you can participate in whether you are buying a car for your personal usage or for profits.
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.
At any point of time, there is a handful of government seized car auctions taking place at different parts of US. The advantage of this is that you can sit down and plan your itinerary for the weekend drive to a few auctions. The reality is you may have to forgo your first choice car when the bidding gets too hot. When that happens, you can always hop to a neighboring state to bid for the next best.
Likewise, to do so, you need to be fully aware of where the auctions are happening as well as when and what time. They normally open early so that you can be there prior to the bidding to actually see the displayed vehicles to make your pick. This information is found in online seized car search directories.
By now, you are more knowledgeable than most. One final advice: ask a car technician to accompany you. He or she would be able to offer sound advice about the condition of the vehicle, whether major or minor repairs are required and how much those would cost as well as how much is the reasonable bid. If you are itching to find out more, pop over at my blog and get the latest listings of government seized car auctions now.
Article Source: http://www.orbitaloc.com/
Learn more about seized car auctions such as where to find cheap seized car auctions near your home. For more information, read this on how to buy repo cars at rock bottom prices.
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