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Seized auto auctions offer some of the most fantastic car deals you can find around the country. It is not rare for cars to go for as low as 0 and discounts of up to 90% have been given for cars on auction. And it applies to both used and new cars. Since it is so cheap to buy cars there, it is no surprise that most people who go to an auction ends up driving one home. But before you let your excitement cloud your better judgment, let us examine these seized auto auctions carefully.

Enter Seized Auto Auctions with Adequate Preparation

Adjust your expectations and be realistic. Most of the cars at seized auto auctions are used cars. In fact, a good 90% and beyond are second hand cars. Therefore, be ready to accept that there could be some minor issues with the cars. Depending on the mileage and whether they were caught in any accidents, the problems can be small or huge. Do not scrimp too much if you see a newer car in better shape that costs a couple of hundred dollars more. This can save you the pain of sending your car for repairs the minute you leave the auction.

On the day before the auction, go online to search for information about cars you might be interested. It does not matter if you cannot see your favorite model at the auction for you are bound to find one that catches your eye. Just make sure you have searched and found some information about the car models and makes including the price list. Print these to bring to seized auto auctions. There are online search databases that provide you locations of these auctions as well as the makes and models available.

Be early when participating in seized auto auctions. This is so that you can have a walkabout and view all the cars on auction. You also would have ample time to inspect each car you are interested in. Be sure to inspect the doors, hood, tyres, etc.

Bring along somebody who is familiar with assessing the car’s condition as well as the value. It would be ideal if you can find someone who has knowledge of valuation so that he or she can do an instant assessment for you on the spot. Since you cannot test drive the car, that is really the best way you can protect yourself against buying a wrong car.

Always bid with your mind and not your heart at such seized auto auctions. I am warning you first because you may find a dream car which attracts too many competing bids so much so that the price gets jacked up really sky high. If you can afford that, bid to win. Sometimes, it is alright to give it up and go for another one with the best value.

Discover the latest seized auto auctions and their locations at my car blog and satisfy your search for a new car for your garage.

I purchased a car for a friend and do to some unforeseen occurrences she could no longer make payments on the car. I informed her to turn the car in and she did as I myself was not able to make the payments for her. After this time I received a notice from the creditor that the car was in there possession and that it may be sold in a private or public auction or sale. I then received a notice from the credit reporting agency equifax that a suit or judgment has been added to my credit report; when i checked it out it was from the credit union that financed the car the friend had voluntarily turned. So what I would like to know at this point is: 1. what does a suit or judgment mean on my credit report, especially for a account that was given a status of a charge off? 2.How do I find out if in fact I am being sued and what I can do? 3. Can I be placed in jail if i cannot pay or can they take my car that i purchased from another dealership and am currently paying for?
I live in Texas, there is no judgment made on the case yet becuause i haven’t been served no – notice in the mail or in person. Hope this will help make things easier to answer the question.

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