Government Repo Cars Can Benefit Savvy Consumer

Government Repo Cars

Government Repo Cars: How They Can Benefit The Consumer

Government Repo Cars

A Day at the Auction House

There is a mistaken belief among much of the public that federal, state and local governments will repossess cars when their owner fails to make good on payments. The reality is that repossessions do occur, but they are done by the banks and lending institutions that finance the automobiles. However, government bodies can and do confiscate vehicles and it is these confiscated vehicles – often referred to as seizures – that can be obtained as “government repo cars.” This article seeks to shed a little more light on the nature of these vehicles.

There are two conditions under which the government will seize a vehicle. The first is where the property is taken for nonpayment of income or property taxes. The second is when property is confiscated because it was used as a part of a criminal enterprise. The IRS, United States Marshall’s Service and the Drug Enforcement Agency are all organizations that can and do confiscate vehicles and other inventory. Once it is no longer needed for its evidentiary value, the item is frequently sold at public auction for pennies on the dollar.

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While it is helpful to know that confiscated vehicles can be acquired through regularly scheduled government public auctions, getting access to accurate and up to date inventory lists is often quite frustrating. Many private entities publish websites that purport to offer access to this information for a fee. The age and quality of the information varies significantly from site to site. Frequently, government agencies will also offer their own auction lists for government repo cars and other seized inventory. They will often publish their auction dates and lists of items right on their own website for free.

People are often quite surprised by the wide variety of vehicles that can be acquired through government repo cars. In addition to the expected accumulation of routine family automobiles, it is not unusual to find highly coveted vehicles like Hummers, Jaguars and specialty sports cars. These have usually been seized as part of a drug deal investigation and are hotly in demand from dealers and individuals alike.

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Vehicles sold at government auctions are sold in “as is” condition. Therefore, most persons will want an advance look at any automobile they are considering. The organizations who are running the government repo cars auctions will open up their warehouses a day or two in advance so that their vehicles can be examined. As you might expect, the actual quality of the vehicles varies substantially. Some are in quite poor condition, but others may be virtually spotless. It is not at all unusual for persons interested in a specific car to bring a mechanic in to preview the automobile with them. It is also important for individuals to understand that many used car dealers visit these auctions, so the competition for prime vehicles is high and a true bargain hunter will likely focus on the average vehicle which may not be in such hot demand.

Purchasing a vehicle at a government auction can result in a major windfall, or it can be a serious boondoggle. Getting access to good information and taking the time to examine the condition and pedigree of a particular vehicle will offer the best results. While there is much truth in the old adage that “you can’t get something for nothing”, it remains a fact that there are some savvy auction shoppers who do walk away with a great deal from a government repo cars auction.

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Posted under Repo Car Auctions

This post was written by admin on March 21, 2014

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1 Comment so far

  1. auto repar May 14, 2013 8:38 pm

    I absolutely love your website.. Pleasant colors & theme. Did you create this site yourself? Please reply back as I’m wanting to create my own personal blog and would love to know where you got this from or exactly what the theme is called. Cheers!

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