You can take advantage of government seized car auctions to buy a car for personal use or to resell for profits. The fact remains that most people are not aware that they exist and are open to public. This piece of information alone puts you in a better position to find the wheels you are looking for.
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.
It is this situation that creates the opportunity to purchase vehicles at rock bottom prices. Do not be surprised to find cars, even luxury cars at up to 90% off the prices you see at the local car dealership. You can even drive home a decent branded vehicle for $ 100 occasionally.
Tips for Participating at Government Seized Car Auctions
As always, auctions would have a minimum age requirement imposed on its bidders. If you are not 18 years old at least, you would find that you may not qualify for most. However, as long as you do hold a license and can drive legally, someone else can always represent you as a bidder.
Private auctions are also available and arranged for big-time buyers. Naturally, you would see the used car dealers there. These guys need an operating license to be able to participate in the bidding process. Thankfully, you need not worry as there are tons of public auctions open to you and me, the average guy on the street.
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.
As a potential bidder, it would be beneficial for you to have prior knowledge of the venues as well as the available vehicles. This is so that you can do your research and home work on the car models and the retail prices. This also prepares you to decide how much you are going to bid. Such details can be found in my auto blog.
Typically, there are dozens of government seized car auctions happening at various states at any point of time. So you can actually plan your route over the weekend perhaps to drive from one to another to view the vehicles. It is always wise to list down a top 3 or 4 favorite choice you would like to bid for. At least if you miss one, you can always bid for the next.
In order to do so successfully, you need to have privy information of where and what dates and time are the auctions taking place. These often start early and the public may enter to scrutinize and inspect the vehicles before they start bidding. This information can be found in seized auto search directories listed on my site.
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.