Facts About Government Car Auctions
Facts about government car auctions are dually clear as well as fuzzy. The fuzzy part is where and when these auctions take place. Auctions are always hands on and in various locations throughout town. Car dealers use to be the only people who knew about and where able to attend said auctions. But these days anyone with all the information is welcomed to attend and place bids. But don't just think that because you showed up you're leaving with a prize. There is knowledge to be had first.
Finding the closest one to you is the first thing to do. And you need to understand that every auction house comes with its own set of rules and guidelines for bidding. So don't jump in without picking up a working knowledge of how they do their business. Once you are comfortable with how much you understand about their process, that's when you can be comfortable with bidding on the cars you like.
Items sold at government sales come from many different avenues. Most of the time these cars are seized from local drug deal raids. Some are donated through defaulted loans. Other times it is due to the inability to pay Uncle Sam. No matter how they were obtained it's your gold mine.
Again knowledge is power. Researching an auction house will give you that power and let you use it for good. Knowing where items were is a big part of that. A majority of auctions are legitimate but you get some that are shady. They will try to sell cars that are new on the outside but broken on the inside. So knowing car histories will allow you to avoid the bad apples.
If you know a good mechanic and can get them to go with you, then you are ahead of the game. In most government car auctions the vehicles sold are not from fleets used by the government, but from regular everyday civilians. When you find the good government car auctions, they'll let you come and inspect their inventory before the auction takes place. This way, you'll know which ones interest you and about how much you would bid on them. But when they go 'as is' a red flag should go up, and you should shy away from these types of government car auctions.
Like dealerships auction house try to get one over. Although you get your car for substantially lower than market value, the auction facility tries to get paid as much as possible. This is achieved by the addition of a surcharge. This fee is sometime very large and catches you while you're sleeping. To avoid this find out what the house charges and figure accordingly.
About the Author
Government car auctions can be a great way to get a new car. Find out where the latest auctions are in your area by going to http://accessgovernmentauctions.com/
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