Government Auto Auctions – 3 Tips to Get You Started

August 19, 2017 Facebook Twitter LinkedIn Google+ Online Auction

A lot of people these days are looking for an alternative way of purchasing a vehicle. Government pre-owned and seized cars, trucks, & SUV”s are becoming more and more popular due to the easy access and the great deals that are able to be found.

Along with all the government surplus property available and the thousands of dollars people are saving, government car auctions have become a favorite way for the public to get many items at highly reduced prices.

There are many different resources available for seeking out the right government auction for your need, whether it’s a police auction or Foreclosed HUD Homes, a little searching around I’m sure yo will find what suites your needs.

3 Tips to get you started

1. Buying from a government auto auction is just like purchasing an auto from a used car lot, which usually means, “AS IS”. so once you drive it off the lot, It’s yours!, Usually the auction company will have a day or two set aside before the auction so the public can inspect the autos. You will be able to inspect the auto’s, start up the engines, but usually you will not be able to drive the vehicles.

2. Government auctions are held all over the country, usually somewhere close to you, held at a certain location on a regular basis. The first thing to do is call your local credit unions and banks and ask them what they do with their repossessions. Most times they will deal with an auction company and will give you their information, location etc. also look up “government surplus car auctions” in your yellow pages for locations and schedules. Contact your local government agencies to determine wether they have auctions.

3. You will get the best deal on the older- slightly used vehicles that the dealers do not want to invest in. Dealers usually go for the newer most expensive autos. dealers are their to make a profit so it is a wise idea to bid a bit higher than normal on a vehicle you have you eye on, a lot of times dealers won’t be willing to pay as much.

Just keep your options open and do your research, and I’m sure you will do fine in your quest for government auto auctions.

by Steve Guttidge

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