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Posts Tagged ‘Auctions’

It is no secret that government agencies at the local, state and federal levels regularly hold used car auctions. However, most people do not know where to find these kinds of auctions or how to be a participant. The government car auctions can be a wonderful source for getting your hands on a tremendously discounted vehicle. It is well worth the time to learn about them.

Many people are only interested in a government car auto to get a reliable car for the family and save some money in the process. However, there are some people who turn big profits by frequenting these government auctions, snapping up all the deals they can, and then turning around and selling these same vehicles at their used car dealership for twice the price, or more, of what they paid at the auction.

However, it should be noted that these dealers don’t always make a windfall profit when they buy vehicles from government car auctions. This is because the cars sold through these public auto auctions are sold on an “as is” basis and they do not have any kind of guarantee or warranty on the condition of the vehicle; all sales are final.

For the car dealer who uses a government car auction to get a number of cars for his dealership on a regular basis, this means that there will be a percentage of the cars that are in need of a considerable amount of repair work before they can be resold. Most of the time, these dealers have a staff of mechanics that can deal with these problems, so in many ways it can be better that the dealers get these cars that have hidden problems because they can handle these issues more easily than an average consumer can.

For people who have the skills and equipment to work on cars themselves, a government car auction can be the perfect way to get a car at a price that is almost a steal. But, if you don’t know a lot about the mechanical workings of a car, then it might not be quite as wonderful.

The car you end up bidding on and winning may be reliable, or it could be a lemon. Just keep in mind that it is the responsibility of the bidder to determine the condition of the vehicle before they start bidding on it. Once you are awarded the winning bid, you are committed and the car is yours.  Read more...

One way for an entrepreneur to benefit and to gain more is to always remember the golden rule of business: to buy low and to sell high. Gaining access to a lot of resources especially online resources, which offers very low prices is a good beginning to increase your profits.

There are several websites that lists government seized car auctions, land properties and other possible items covered under these terms. Since government and other financial institutions’ auctions are not always open to the general public, only those who are direct sources are certainly allowed to buy and bid from them.

That is why, for small-time entrepreneurs or starters in this buy-and-sell business, they are advised to make use of web sites which would sponsor and help them find and buy government seized properties and vehicles.

Here are some of the best sites where you could find the greatest deals and bargains.

Gov-Auctions.org – Government seized cars and property website. This site offers a wide variety of government seized properties, from high class cars, houses, up to surpluses of machines, furniture and office items.

GovernmentAuctions.org – The Official Guide to Government Auctions and Foreclosures. These site offers thousands of properties seized by the state and local government agencies.

SeizedPropertyAuctions.com – The Official Website of Federal Asset Recovery Services. This also has a wide collection of properties seized from liquidation open for auction such as art collection, jewelries, deposits from safe banks, antiques, furs, old coins, not to mention quality cars, boats, real estate, etc.

These government seized car auctions allows you to buy cheap used cars for as much as 70% off the current market value. However, as most of these cars are sold as is, it is essential you have some knowledge of cars so that you can determine the rough value of a car.

If you don’t have the experience or knowledge, it would be better to bring along a friend or a car mechanic to help ascertain the true value of a car.

It’s hard to find anyone who doesn’t want to save money when buying big ticket items. There is no better feeling then buying a new car or a piece of real estate and knowing you got a great deal. If you are one of these bargain loving individuals then government seized and surplus auctions could be the perfect place for you.

Every year the government seizes thousands upon thousands of vehicles and other property as a result of criminal activity, tax liens, defaulted loans, and to pay back taxes that are owed. At the same time federal, state, and local governments replace their own properties which leaves them with a surplus of goods that need to be gotten rid of. Because storage space is limited and costly it is in these agencies best interest to get rid of these properties as quickly as possible. The best way to do this is to auction these seized and surplus properties off at discounted prices to the highest bidder.

The government has been auctioning off seized and surplus stuff for years but only those in the know knew about it. This has changed with the coming of the internet which has brought the auction scene to the general public. These auctions have always been open to anyone who wanted to attend but in many cases most people didn’t know about them let alone when and where they were being held.

That’s the beauty of the internet auction site, it will give you an updated list of auctions times and places along with the ability to preview the properties that are to be auctioned off. Government agencies are more then happy to provide information to these sites to help expedite the sale of these items. You will also find tips, tricks, and techniques to help make your auction experience a successful one.

Most of the goods and property found at these auctions are in good working order and have been well cared for. Even so it is still in your best interest to gather as much information about the items you are interested in before placing a bid. The good online auction sites will give you the ability to do this background research and better prepare you for the day the bidding starts.  Read more...

If you like the idea of getting a beautiful house for less than ten thousand dollars and cherry condition car for less than three thousand dollars, it is time for you to start checking out the government car auctions. When you start looking into government auto auctions and figuring out what they are all about, you are going to be smacking your forehead and wondering why you didn’t start years ago! Take some time and really think about what your options are going to be at the end of the day. When you want a car for a fraction of the price that you would pay elsewhere, these auctions are great place to begin your search, and with just a little bit luck, you’ll find that your search may end there as well! Find out why so many people head to these auction when they need a new car, and how much you can benefit from just glancing through an auction listing.

The Merchandise
When you go to government car auctions regularly, you will stop being surprised at what shows up. Some of the cars that are present really aren’t worth the money that you would spend on them, but it’s no worse a ratio than you would get going to a used car salesman. On the other hand, you’ll discover that there are plenty of great cars out there as well. While everyone would love to be the person who walks -or drives!- off with a mint condition Ferrari, this is not as likely as getting a great car that will go the distance for a fraction of the price. This is something that you need to pay attention to when you are looking at moving forward. Don’t expect to get the wonderful car that is the talk of urban legend, but do go into it being helpful when it comes to getting you that cheap but highly reliable car that you are going to need when it comes to getting your family through the winter.  Read more...

With so many advertisements claiming to offer the latest luxury cars for just a fraction of their price, people can get quite sceptical when they come across genuine opportunities like government car auctions. The truth is that there are some expensive luxury cars available for a fraction of their price, but one has to go through a lot of bucks to get to the luxury cars. One of the most cost effective ways of acquiring vehicles is through government car auctions, and government car auctions are held all over the US (the cars available are essentially repossessed, seized or surplus vehicles).

To better understand the legalities involved, it is important to understand the difference between repossessed and seized cars.

Repossessed Cars (repo cars)

Repo cars are cars that were offered as collateral against a defaulted loan, or have been repossessed by government organizations or banks due to non payment of instalments. Repo cars are more often than not well used, and should be treated as second hand cars. In fact, the reason why repossessed cars are so competitively priced at government car auctions is because they have been used by the owner (in some cases for a few years).

Seized Cars

Whenever a person is imprisoned for a financial crime (like tax evasion or fraud), all his assets (like cars and properties) are seized. In addition, cars that are part of federal evidence or have been used in a crime are also seized and auctioned off at government car auctions. Seized cars should not be confused with repo cars as there is no defaulting of payments or collateral involved.

People looking for luxury vehicles will find seized cars at government car auctions the ideal choice, as luxury vehicles are often seized from wealthy people that were found guilty of financial crimes. In fact, it is not uncommon for people to come across brand new cars at government car auctions.

Things to remember while buying cars at government car auctions

Unless you are an expert yourself, it is important to consult a car expert to know exactly what condition a car is in. Although government car auctions are designed to be neutral and transparent, it is important to remember that no government car auction can guarantee the condition of the car being sold. You should always check the condition of the car before finalizing the deal and if you are not confident, do not go through with the deal.  Read more...