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Vehicle: 2003 VW Passat
Book Value: $17,789
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Book Value: $18,944
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Vehicle: 2002 Hyundai Elantra
Book Value: $9,975
Purchase Price: $475
Savings: $9,500
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Luxury Government Car Auction
5th May 2011
Did you know you could get yourself luxury or sports car for pennies on the dollar? Most of us would love to get a expensive car, but we do not want to spend the extra forty thousand dollars for it. Government car auctions are available in several places around the country.
A lot of people may find it hard to believe that you could find a luxury car for a couple of hundred dollars, but once the government decides to repossess or seize someone’s vehicle then they just want to sell it as soon as possible. I have also heard they only allow car dealers to bid on the cars, but this is just a myth. Once someone gets convicted of tax evasion, drug trafficking or other felonies the government will seize almost everything from them including cars, houses, watches, jewelry, and much more.
These auctions are held every once in a while in certain places in the country. It is fun just to go and look what is being sold and bought. Sometimes it is amazing watching these items go for dirt cheap. This will also get you acquainted with the auction process, so you will not fill foolish when trying to register and bid on the items for sale. You can also socialize with the people there most of them are very friendly and are they to find a great deal like you are.
Finding a great deal on a car now is not just luck anymore it is possible with your access to government auctions. When you are placing bids stay conservative until you feel relaxed, so you can get the best deal possible. When you get your new luxury car and someone asks you how much you paid for it just smile and say your not telling.
Click Here Now to access Government Auction Alerts
I am interested in finding great deals.
Article from articlesbase.com
My husband had an expensive car, when he lost his job & settle for a lower pay instead, his car was repossessed. He thinks he still has balance to pay for the car. Some of our friends say, the debt collection agency will contact us soon to demand the rest of the car payment, even after the car has been sold to someone else. Is this true? How does it work anyway?