Cars Repo – Buying At Governement Auctions

Government auctions of repossessed cars, trucks, SUVs etc are a much cheaper way to buy used vehicles. The reason is because vehicles at these auctions are put up for sale at 40 to 70% off their original asking price!

Repossessed vehicles that the government has taken ownership over come from people who have acquired their cars through the ownership of dirty money or are allegedly involved in criminal cases. After repossession the vehicles are put into a public garage until which time the case has been settled. Once the case is over, if the previous owner loses, the vehicle is then sent to auction.

Mainly the government turns them over to private auction houses to sell the vehicles for them. Members of the public then have the right to purchase these cars at very discounted prices.

Now its finding all of the auctions that can be the tricky bit. Simply asking at your local police station for the whereabouts of the seized cars will prove fruitless. When trying to locate these seized cars yourself and not use an online searching guide, whats required is visits to the auction houses and research.

You can use your yellow pages to find numbers of all the auction houses as unfortunately they do not usually advertise the seized vehicle sales. Once you find numbers, youll have to ask which ones handle auctions of government cars.

Once you find out which ones do, take the time to visit their office.

At their office look through the listings of government auctions of the repossessed cars. That way you can shorten the list to the vehicles that you are wanting to take a look at. Youll want to get the most information out of your visit.

This will include asking what documents you will need to present. Also, how much cash you will need if you do win a bid plus any specifics like the dates and times of auctions. If theres time for you to attend as an observer only, try going.

Being a spectator before trying the bidding process gives you a good start to how everything works.

Last of all, practice restraint. Because of all the competitive fever in the air you can feel a lot of adrenaline. Dont let the fever take you, if the price goes above your budget stop there, you can always bid on another vehicle!

If you take a look at our site you can see a link to a guide with all US auctions available of seized cars including all auction times and dates.

The guide is for both online and offline auctions.

About the Author:
« Previous PageNext Page »