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Posts Tagged ‘Seized’

You can find many claims over the internet of government repossessed cars being sold at 90% off its original price. You maybe wondering if all these claims are true or not, and whether there is a catch that these advertisements are not disclosing to unsuspecting consumers like you.

Well the truth is, government repossessed cars are truly being sold at a greatly reduced price. However, you must understand that all these cars are second hand or used cars and their value has depreciated since the day it left the showroom, thus the low pricing.

Another reason why the prices are low at these government seized auto auctions is that it cost money to maintain and store these cars. And there are always many cars seized and repossessed by the government. To make room for more, cars have to be attractively priced and thus often sold at 90% off the current market value.

Many government agencies regularly conduct auctions, and most are general. Meaning, the auction is not only about cars, but everything else that the government has in surplus, as well as all seized and unclaimed properties.

Most government auctions have a 2 day viewing, allowing you to inspect the car of your choice in detail. The catch is that you don’t get to test drive any unit, but you can start the engine and base your judgment on the sound of the engine running.

Most vehicles will start at low price, but some bidders may tend to drive the price too high because of aggressive competition. If this happens to anyone of your interest, it’s best to drop it.

You must always keep in mind that these units are second hand, and the price should be reasonably cheaper. After winning, you can have the option of paying in cash or installment, although cash buyers receive additional discount.

If you are on a budget, then buying second hand cars at government seized auctions is certainly a good choice.

If you haven’t heard of online government auctions then you may be missing out on great deals on seized and surplus properties. There is almost nothing you can’t find at one of these auctions because when we are talking government we are talking federal, state, county, and local agencies and they all have a lot of stuff they want to get rid of.

If you are looking for a new slightly used car or truck, a boat, or maybe some construction equipment you can probably find it at an auction.  If you’ve ever thought about owning a bar or restaurant buying a seized business can save you thousands of dollars. The point is if it’s something you need chances are there is a government entity that is looking to get rid of it.

Where, you may ask, does the government get all this stuff that needs to be auctioned off online? There are two main sources that provide all these items; government surplus and government seizures. There is so much of this stuff that the only way to keep storage and maintenance costs to a minimum is to sale it at very low prices.

Auctions of these types have been going on for years, well before the proliferation of the internet online government auction sites. Now that the internet is a part of everyday the government has found that it can move more goods more quickly with better monetary returns by using the private online government auction sites. Because of this it is exceedingly easy to use one of these sites to peruse the millions of items that come up for auction every year.

Let’s look at surplus automobiles as an example of what you will find at such an auction. Every year government agencies all over the country buy vehicles for their employees to use in an official capacity. Most of the time there are age or mileage limits placed on these vehicles and once this limit is reached they are replaced. It is at this time that these surplus vehicles are auctioned off.

These used government vehicles are well maintained and usually include the most popular features such as air conditioning, power steering, power locks and windows, and automatic transmissions. You can also find all popular makes and models at ridiculously low prices.  Read more...

If you’re looking for a decent car to get to work and school or just want to save a couple $1,000 off of your next car, a government seized auction is where you want to go. Not only do they have good, reliable cars for way less than the dealership, they are also 100% open to the public and free to attend. Of course you can save money just by going to one, but the more knowledgeable and prepared you are, the more money you’ll save. Take a look at these FAQs that will give you an edge, tell you how to find one near you and save you money at the same time.

1. What is a government seized car auction in the first place? This is a special type of car auction that only sells cars that the government has seized through various agencies such as the FBI, DEA, IRS police department, etc. Most of the time it’s for not paying taxes and illegal activities, so the cars are in pretty good condition and relatively new.

2. How much do the cars cost? The costs vary depending on what car you choose and how many other people are interested in it. If there are a lot of people bidding on the same car, the cost is going to skyrocket. But if the car is not that popular, you can walk away with getting a great car for dirt cheap. There are plenty of people out there that have gotten a government seized auction car for under $1,000 and sometimes $500.

3. Why can’t I find any near me? These type of government car auctions take place everyday and most of them are not publicly advertised. So, it can be pretty tough trying to find one near you. But there are car auction listing services you can join that will give you the name, location, phone number and website (if they have one) of auctions near you. They contain exclusive listings that a lot of people don’t know about. So, less competition means lower prices for you.  Read more...

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.

How do Government Seized Car Auctions come about?

The government agencies are confiscating or repossessing many vehicles everyday. A good estimate puts that figure at thousands a day. These automobiles originally belong to owners who are either in debt to the government due to tax arrears, defaults or criminals at large. Under the seizure laws, there are legal provisions to seize these properties. The sheer number of vehicles being seized each day is overwhelming and the agencies desperately need to get rid of them quickly.

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.

Other important things to note 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.

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.

The conventional method to locate these government seized car auctions would be to check with your local government auctioneers or city council for information about the vehicles available and auction venue. Such details could be found in the newspapers and auto magazines as well. Unfortunately, a lot of this information is not always updated and real-time.

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