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Impounded Car Auctions - The Best Option For Cheap Cars

Mar 7, 2008
Impounded car auctions are a great idea if you are looking for a cheap car. If you have ever been to one, you are sure to have noticed how ridiculously low the starting bids are. This also makes people cautious - we are so used to paying too much that such low prices make the whole idea seem like a scam.

However, these auctions are not scams, not in the least. They are some of the most reliable options of getting a great deal on cars. These auto auctions are held by the people who seized theses automobiles in the first place - lenders, government and law enforcement agencies and banks. The main purpose of these impounded car auctions is to free space and to simply be rid of these cars, which explains the low prices.

The options the government has are either to conduct frequent auctions that will let you buy these cars at amazing prices or to let them fall apart. They simply don't have the space to keep them in good condition for ages looking for profit. It only makes sense to auction them off at prices that you normally would not expect to get a car for.

You will not only get great deals, but also decent choice at impounded car auctions. You may even find vintage and luxury cars. There will be plenty of models and makes available. These cars are usually in good shape, sometimes almost new. You will be given VIN reports and history reports, as well, so you can decide on which car to bid and how much.

However, don't raise your expectations too high. Impounded car auctions don't automatically mean that you will drive a posh car for a few hundred bucks at the end of the auction. Although good vehicles can start with a very low bid, the sum will inevitably increase, sometimes very drastically, especially if a lot of bidders are involved. But then, this is what happens at every auction - a highly desirable item will attract extra attention.

Sometimes, to get used to the auction's pace and feel more confident when making a bid, you need to attend a few auto auctions. With a little time and practice you are bound to learn all the ropes of successful bidding.

Of course, you have to know when and where the impounded car auctions in your area take place. In order to stay up to date, you can join an online auction directory, where you usually get lifetime memberships for a reasonable one time payment. You might even get partial listings of the impounded car auctions at these directories, so if you really do want to get the best deal, this is the best way to go about it.

Wait no longer. Check out my auto blog for the available impounded car auctions taking place in your neighborhood right now.
About the Author
Want to know more about seized car auctions such as where to find cheap seized car auctions in your locality? For further reading, check out this on repossessed auto auctions.
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