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Buying cheap and affordable cars at government car auction venue sounds unbelievable, but this time around, it is true. When it comes to government car auctions, anything is possible! You can buy cheap cars at 97% less the original cost of acquiring a brand new one at an auto shop; no kidding! Vehicles like these ones have lately become the toasts of many auto dealers because of the prospects of making huge profits. This is no doubt a wonderful option, and there is actually no harm in trying it out! Amazingly, the quality of automobiles you can purchase at these venues would shock you to the marrow. Automobiles such as Sedans, SUVs, Trucks, and Luxury automobiles are among the top quality automobiles you can get for less.

A visit to one of these venues would reveal the kinds of people who purchase these vehicles. Some of these people include: auto dealers who want to have their profits improved; buyers who want to save more by avoiding brand new vehicles; people facing severe economic conditions; and families who are financially challenged, and probably did not have enough money to buy the vehicles of their dream. As far as these people are concerned, nothing beats the kinds of prices they get from Gov car auction.

The question people like to ask when they hear information like this is; why would the government would want to sell at close to 97% off street prices if the cars were in good conditions? Sometimes, they are dead right about the state of these vehicles, but sometimes they are totally wrong too. A good number of these vehicles are still new, and were actually seized from individuals who defaulted in loan payments. The benefits of buying vehicles at these government auctions include; free VIN check; opportunities to check the state of the vehicle before the start of the auction; and opportunity to buy cheap cars.

If you like the idea of getting a beautiful house for less than ten thousand dollars and cherry condition car for less than three thousand dollars, it is time for you to start checking out the government car auctions. When you start looking into government auto auctions and figuring out what they are all about, you are going to be smacking your forehead and wondering why you didn’t start years ago! Take some time and really think about what your options are going to be at the end of the day. When you want a car for a fraction of the price that you would pay elsewhere, these auctions are great place to begin your search, and with just a little bit luck, you’ll find that your search may end there as well! Find out why so many people head to these auction when they need a new car, and how much you can benefit from just glancing through an auction listing.

The Merchandise
When you go to government car auctions regularly, you will stop being surprised at what shows up. Some of the cars that are present really aren’t worth the money that you would spend on them, but it’s no worse a ratio than you would get going to a used car salesman. On the other hand, you’ll discover that there are plenty of great cars out there as well. While everyone would love to be the person who walks -or drives!- off with a mint condition Ferrari, this is not as likely as getting a great car that will go the distance for a fraction of the price. This is something that you need to pay attention to when you are looking at moving forward. Don’t expect to get the wonderful car that is the talk of urban legend, but do go into it being helpful when it comes to getting you that cheap but highly reliable car that you are going to need when it comes to getting your family through the winter.

Lower Prices
Keep in mind that the thing that is going to be in your favor is the fact that the people doing the selling are not placing a high priority on getting the highest price for it. The sellers are the government who need the storage space and the banks, who want to be able to get at least a pittance of the money that they expended on it. Also keep in mind that things that have been repossessed have also been partially paid for by the time that the bank has taken them over. This can all comes out to the fact that you are getting merchandise that is astonishingly well priced for your needs. As ever, don’t expect miraculously low prices, but the truth is that some people do make out quite well in these exchanges.

Excitement!

Have you ever been to government auctions? You’ll find that there are a number of things that go into making it exciting and even if you are not bidding on anything yourself, it is easy to get swept away. It’s fascinating seeing what is being auctioned off and what is going on when you are looking at the sales, and this is a great way to get out and have some fun. Of course it’s always a good idea to go to a few before you are planning to bid. This will help you figure out what to expect, and how high (or low) the bidding can happen. This is something that can mean a lot when you are looking at getting the results that you need, and at the end of the day, you’ll find that you can move on quite easily. Remember that when you are looking for a great way not to spend money, this might be your activity of choice.

Convenience

When it comes to government car auctions, remember that you are looking going to a place that is very local, or you may not be traveling outside of your own home! Consider what online government auctions are available and see what you can do to do all of your bidding from the comfort of your own home.
Consider what your options are going to be when you are looking at getting your new car from government auto auctions. This can make a difference of several thousand dollars or even more, so don’t miss out on these great opportunities!

When looking for a great car, and a great deal, finding local car auctions should be your first step.  There are a number of different types of local car auctions. Government vehicle auctions are typically scheduled to auction off property that’s been seized for some reason, often back tax liabilities or bankruptcy issues. They can come from the Internal Revenue Service, U.S. Customs, or the U.S. Marshal Police impound auctions are used by cities to get rid of property that’s been abandoned or seized by the police department for illegal activities like drug dealing. Dealer auto auctions are regularly scheduled auctions where auto dealers can buy or sell inventory automobiles, and most of the finance companies are represented at these auctions as well. The lenders sell their off-lease units and repossessed vehicles at local car auctions.

With local car auctions that regularly take place, the value for these vehicles at auction is lower than any other place. Generally, the prices are lower for those models which are plentiful at auction and higher for those that are rarer. For instance, if there are hundreds of Ford Taurus models running through an auction that are off-lease, they likely will sell at the auction inexpensively.  Likely, you’ll see lots of managers from local Ford stores snapping those up at dealer auto auctions. Cars that have been confiscated and are being sold through government vehicle auctions or police impound auctions are typically unique, and the prices will be higher.

To find the best deal on the type of car you’re looking for, check out the local car auctions in your area. Local car auctions most often are not publicized, so you will have to do a little legwork to find them. The auctioneers know one thing: when there is a large crowd at local car auctions, the price for each vehicle goes down. Hence, advertising auctions is not on their priority list.

Once you find local car auctions, how do you get a great deal? Auction houses frequently post listings of the cars to be auctioned ahead of time, and you’ll want to get your hands on that. Then, check the NADA wholesale value of the cars that you’re interested in, so that you’ll have a good idea of what the cars are worth. If the local car auctions listing gave you VIN numbers of the cars, run those that most interest you through Carfax to determine any accident or odometer issues. This will also give you information on where the car came from, and if it has warranty time left. Go to the auction venue early and look over cars that you are particularly interested in purchasing so that there are no surprises later. Most auction houses allow pre-bid inspections.

Local car auctions start early in the morning, and you should be prepared for conditions in the auction barn. Frequently, it will be very hot or very cold, depending on outside weather, so dress accordingly. Each car, in turn, will be run through the auction lanes and be sold to the highest bidder.  Keep your eyes open and pay attention, similar cars will be running, and you don’t want to buy the wrong one. One final and important thing: no matter how much you like a car, do NOT pay more than NADA wholesale value. The whole point of buying from local car auctions is to get a great deal.

I’ve bought and sold over 500 vehicles at various car auctions since 2002. Police auctions, Bank-repo auctions and State & Local Government auctions are all fantastic places to buy cars at wholesale prices. Like anything, however, not every car at these auctions is a winner waiting to be purchased for pennies on the dollar. Finding the best deals at the best auctions takes a little research. But, the fact remains, you’ll never find a better deal on a used car anywhere else.

Why are Auctions such a great place to purchase a car?

The biggest reason, of course, is the price. It is very common to get vehicles for 50% below retail. Especially, given the state of the economy, people want to buy reliable, fuel-efficient cars at great prices. If you can do the leg-work to acquire these cars at auctions…you can quickly start making a very good income for a few hours of work a month.

The other big draw to car auctions is that there are no dealers to argue with. Used car dealers are notorious for doing anything to sell a car. They have this reputation for a reason. By buying at auctions, you don’t have to worry about haggling over prices or having a salesman follow you all over the car lot.

Despite the obvious advantage of buying at auctions, I’m amazed how many people stay away because they think that the vehicles are in poor condition or that there’s some big ‘secret’ to finding these car auctions.

These are the two biggest and most expensive myths about Car Auctions….

Firstly, are there junky cars at these auctions? Yes. But are there great cars in great condition? Absolutely.

Over the years, I’ve bought many low-mileage seized autos that were in excellent condition. They were seized from a drug-dealer (or whatever type of criminal) by the police and auctioned off to help the local government raise money. I’ve also found a lot of great deals at Bank-repo auctions. Great cars in great condition that were simply repossessed by the bank because the person didn’t make their payments….and I was there to take advantage of a great deal. I’ve bought a lot of higher-end cars from these two types of auctions (especially BMW’s) because criminals tend to drive nice cars and banks repo cars that someone thought they could afford but really couldn’t.

Another great source of what I like to call more ‘functional’ vehicles are government agency auctions. A lot of state & local agencies are constantly buying new vehicles for their fleet and selling off the old ones. Not just police but, environmental agencies, department of transportation, city inspectors, etc. all drive government owned cars. These are traditionally very well taken care of (they’re required to by law) and have relatively low mileage. These make great resales because they’re cheap, reliable cars and people (especially in this economy with these gas prices) are always looking for such cars.

How do you find the good deals at these auctions?

A lot of people are still scared away from auctions because they think they have to be a mechanic to be able to separate the good cars from the “lemons”. I admit, I fell into this group when I started. At almost every auction you can inspect the cars before submitting a bid. While you won’t be able to take them for a test drive, many will still come with a manufacturer’s warranty. I’ve bought a lot of ‘government’ cars without even seeing them because they are always in such good condition. But here’s a quick checklist which I recommend for anyone just starting out – this will help you avoid getting a ‘lemon’:

1. If possible, start the engine and listen for anything unusual (or to see if it starts at all). Note most auction sites will sell these cars “as-is”. If you’re able to get a look at the car while the engine is running, you’ll be able to tell a great deal about in what condition it’s in. Check the exhaust to make sure it’s clean, check the air conditioning, heat and all the power options (windows, seats, sunroof, etc.).

2. Check for water damage under the seats, floor mats or in the trunk.

3. Lift the hood and check the oil. Check for white bubbles on the dipstick (this means there’s likely water in the oil tank) and check for any grains (i.e. sand or sediment). If the oil looks think and pasty it’s likely the car wasn’t regularly maintained. These aren’t necessarily deal breakers but I’d adjust my bid accordingly.

4. Check the transmission fluid too – you’ll want to see that’s it’s clean and not dark or sticky. Look at the tailpipe for excessive soot.

5. Check the exterior as well. This is easy and you’re really just looking for what condition it’s in. Is there rusting? If so how much? Look for paint bubbles or welding marks. Also, keep an eye out for slightly different shades of paint, rough surfaces or body panels out of alignment. Also, make sure and check the engine compartment for new bolts or bolts which don’t match in color.

As you get more comfortable with buying at car auctions you’ll learn what’s a ‘dealbreaker’ and what’s not. As I mentioned, unless a government car looks really bad in the picture, I’ll submit a bid without even looking at it. Even if a car I’ve just bought needs a tuneup, new brake pads or an alignment, I keep that in mind when I’m bidding. If I can make ,000 on a resale, I’m happy to spend another 0-0 to get it into shape. You’re still getting a great deal because of the purchase price.

I would also recommend (especially as you start out) getting a CarFax or AutoCheck vehicle history report. These are cheap ways to get a lot of information on the car you’re interested in.
When I started out, I got an AutoCheck report for every vehicle I was interested in and it gave me more than enough information to make an informed decision.

Even if you DO end up getting a ‘lemon’…i.e. you didn’t get an AutoCheck report and bought it sight unseen and it needs a new transmission that you don’t want to spend the money on? Then you can always sell it at the next auction. Someone will always want to buy it and fix it up…

How do you know what to bid?

Before bidding on any car you should know the “comps” or resale values. Look at Kelly Blue Book, Edmunds.com, the NADguides, the MMR prices (check out our website for more on this) and, of course, ebay motors and autotrader.com. Look for comparable cars with similar mileage and establish a range of prices. The low end of this range is you target bid price.

If the bidding gets too high just walk away…I remember something an experienced auto trader told me at my second auction when I was getting worked up about a BMW I was bidding on. “don’t get to excited kid…In this game, you always have another ‘at bat’ “. What he was saying is: don’t spend too much on a car because there is always another deal out there. I ended up letting that BMW go to someone else but I got another one a week later for several thousand less. I always try to remember that bit of advice.

How do you find these auctions?

A lot of these auctions can be tough to find. Only very recently have they started advertising online but most have had websites up for years. The result is…a simple “Google search” isn’t going to turn up anything.

You can always find some local auctions in the paper which is a good place to start. I’ve spent years compiling a list of these auctions by state which is another good resource to save you a lot of time and money. Check out my site for more.

The bottom line. You can’t afford NOT to look at Car Auctions.

I’ve been amazed at some of the deals I’ve found over the years at these auctions. It’s been enough to surpass my day job and for much less work. Even if you’re interested in just buying one car for yourself, you can’t afford NOT to look at a Car Auction. So what are you waiting for?!

The best deals on 4 wheels do not come through used car lots. They definitely do not come through large dealers for brand new cars or individual sellers with a piece of junk sitting in their front yard. So, where are the best deals? At the repossessed auto auctions!

The government comes by a lot of great cars in excellent condition and they simply have no use for them all. Some may come from criminals who are busted for drugs or other illegal practices and others come through various people unlucky enough to have their rides confiscated by the law.

Bad breaks for them, but an excellent opportunity for buyers who want a very nice car without a huge price tag. Anyone can take part in repossessed auto auctions, but most people simply do not know about them. Those who do hear about the auctions often have difficulty discovering exactly where and when they are being held.

This is because you won’t find the listings in a prominent area of the newspaper like you would a used car someone is selling off their front lawn. There are various reasons why public advertising for these events is just not done, including some that are run by small companies who simply don’t have the time or capital for a big advertising campaign.

If you can find out the location and time of an auction you can save tons of money on a car that you may not otherwise be able to afford. The fact that they are harder to actually track down could pay off for you in terms of less competition over the best cars up for auction.

The best way to find the location of the next repossessed auto auctions near you is to sign up for a system online which will give you alerts and lists of all the auctions coming up. Unless you know someone personally already in the business of purchasing from these auctions, these listing sites are your only reliable source of every auction coming up.

If you would like more information about repossessed auto auctions please visit repo-car-auction.info

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