Government seized auto auctions may be something new to car buyers especially for first timers. Very often, we hear of people going to the car showrooms to view the latest car models or even know someone who is going to the used car dealer to buy a second hand car. Other than heading to the car showrooms and second hand dealers, you may not know that government seized auto auctions are real gems when it comes to buying a used car or nearly new car at a huge discount. Here are some facts about such auctions for all potential car buyers especially those who are looking for used vehicles.

Did you know that there are literally thousands of cars that go into the surplus inventory of the government and banks?

Since many vehicles are seized or repossessed by government and banks everyday, the monstrous expenses to find a storage space for these cars are huge and maintenance costs can escalate quickly. So in a bid to bring the costs down, government agencies and banks are ready to auction them off at government seized auto auctions for as much as 90% off the retail price you see at car showrooms. The next time you see your neighbor driving a Mercedes convertible, it may not mean that he or she is rich. The car may have come from such an auction.  Read more... (474 words, 1 image, estimated 1:54 mins reading time)

Posted under Government Auto Auctions

Government auto auctions can provide you with some truly amazing opportunities to snap up vehicles for as much as ninety percent off the list price. At these auctions you will find that there are many different types of vehicles being auctioned off including repossessed trucks and cars as well as seized vehicles and also surplus vehicles. Judging by the tempting advertisements it does seem that these auctions are the best places to shop for a low cost and hugely inexpensive automobile.

Government auto auctions are held by different state, federal and also local governments as well as by the law enforcement agencies in the US that have on their hands numerous unclaimed, surplus as well as seized vehicles that they wish to dispose off.

These auctions are also mainly held by the General Services Administration or the GSA which is a really huge organization. Besides the GSA others that hold these auctions include the IRS, FBI, US Marshals, DEA and the Department of Treasury and also Homeland Security and Border Patrol.  Read more... (550 words, 1 image, estimated 2:12 mins reading time)

Posted under Government Auto Auctions

Getting good vehicles at discounted prices can be a hard thing to imagine, especially nowadays when the prices of everything are continuously going up.

Getting good vehicles from government auctions is a wonderful option to look at. The government periodically holds auctions to bid off different kinds of vehicles from different sources.

There are vehicles which are confiscated from criminals. Once the investigations are done and the felons are convicted, their confiscated vehicles are usually sold at government auctions. A wide variety of vehicles can be found during these government auctions.

There are also used government vehicles that are auctioned off to the public after the government has offered these vehicles to other states. The used vehicles are auctioned off because of the rising cost of storing these vehicles which the government shoulders.

Here are some basic tips on how to go about buying surplus vehicles through government auctions.

1. Check the affiliation of the auction first

There are a lot of auctions out there that are posing to be legally affiliated with a government institution. To avoid subsequent troubles and to make sure that everything is in proper place, one should check the affiliation of the auction and counter-check it by asking the institution. Caution is very important in participating in such auctions.  Read more... (576 words, estimated 2:18 mins reading time)

Posted under Government Auto Auctions

If you’ve heard that government auctions are a great place to get bargains, you’re right. But that doesn’t mean everyone who attends a government auction gets a bargain. Only people who employ the right strategy walk away with incredible deals. A lot of people make mistakes when they first get into government auctions. In this article I will discuss some of these mistakes and how to avoid them. After reading this, you should be on the right path to success in government auctions.

The first thing you should know about government auctions is that a lot of them are actually not government auctions. There are a lot of dubious people out there who sell stolen goods under the guise of being affiliated with the government auction. This means before attending any auction, be sure to do the necessary background work to determine if the agency is related to the government, or if they are fraudulent. This occurs more than you might think. One method of verifying an auctions authenticity is to go to visit a Government Auction Reviews site. This way you can avoid any auction scams and have an expert opinion by someone who specializes is in this field.  Read more... (416 words, estimated 1:40 mins reading time)

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Live Government Auctions, Why Buy From Them?

There are three main reasons why live government auctions are the best place to purchase cars, trucks or SUVs in the USA. The first reason is of course the price tag. Every month, thousands of vehicles are sold at bargain-basement prices at government or police auctions, with many new owners driving away in a car that they bought for a tiny fraction of its original sale price. “How is this possible?” I hear you ask. Well, every day a vast amount of people default on their car loans or lease payments, meaning their vehicle then has to be repossessed or seized by financial institutions as collateral. Often, the cost of keeping this car in storage outweighs the benefit to this institution of holding out long enough for a good deal on the resale of the car. As a result, these cars quickly wind up at auctions where they’re sold at cheap, cheap prices.

 Read more... (515 words, 1 image, estimated 2:04 mins reading time)

Posted under Government Auto Auctions

Posted under Government Auto Auctions