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Auto Auctions - Buying Repossessed Vehicles
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!
Vehicles that the government acquires come from people that are supposedly involved in criminal cases or simply have bought their property through bad money. 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.
The private auction houses are the ones to open the bidding to the public on the governments behalf. These cars are then sold to members of the public at much lower prices.
Unfortunately trying to find these auctions on the web can prove hard. Simply asking at your local police station for the whereabouts of the seized cars will prove fruitless. You would need to do some research and make visits to the auction houses if you are not wanting to use an online searching guide.
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. To find out which ones handle seized vehicles check with them when you are speaking with them on the phone.
Go and visit the offices of the auction places that do sell any seized vehicles.
Once there check the lists for the government auctioned repossessed vehicles. That way you can shorten the list to the vehicles that you are wanting to take a look at. Try to get as much information as you can on your initial visit.
This will include asking what documents you will need to present. And other specifics like the amount of money you would need to have on you if you did win any bids as well as any dates and times of future auctions. If theres time for you to attend as an observer only, try going.
It would be a good idea to watch at least one auction before bidding yourself to give you an idea of the bidding process.
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!
Theres a link to a guide at our site which can give you current lists of dates and times of all auctions of seized vehicles across the US.
The guide will tell you about offline and online auctions.
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