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If you have been looking for ways to buy a vehicle as cheap as possible, consider impounded car auction as the answer to your prayers. Out of all used auto auctions, police impounded car auctions have proven to be the cheapest, offering really amazing deals on a great variety of makes and models.

Here are quick facts. Every day all across the country government agencies seize vehicles whose owners defaulted on loan payment or got incarcerated. Due to the fact, that the seized vehicles require a lot of space and money for storage and maintenance, keeping them all would be unwise, to put it mildly. So, it is only natural that the police and other agencies want to get rid of the idle inventory as soon as possible.

Impounded car auctions (also called seized or repossessed car auctions) are organized regularly in different parts of the country in order to sell off the impounded vehicles at a nominal price. In other words, the beauty of these auctions is that the owner of the cars is not looking for great profits.

The auction normally starts with a symbolic sum, which, of course increases with the participants bidding on the vehicle, yet it is possible to buy a good running car at as low as 10% of the retail price. Ultimately, the final price depends on the number of people involved in the auction, but as a rule, the prices never go too high as everyone is looking to buy the cars cheaply.

One of the main problems with these car auctions is that you have to really hunt for them. Most of them come and go quietly, and you may never realize there was an auction next to you. This is because the organizers rarely go for a big advertising campaign, since impounded car auctions are not expected to bring huge profits.

So, if you want to locate the next auction in your area, you will need to contact your local government agencies, banks, lending institutions, etc. Chances are they will be able to provide you with the information you need. Classified ads of a local newspaper can occasionally help, too. However, keep in mind that the day and time of the auction can be shifted last moment, so you will need to confirm the schedule.

Alternatively, you can get access to a searchable online database which lists impounded car auctions in a timely manner all over the States. For a small one-time fee you will be able to avoid the hassle of a time-consuming search, getting all the information you need on a platter. Many such auction directories offer a money back guarantee, so you really do not have anything to lose.

Read my blog, dedicated to impounded car auctions – driving a nice cheap car, you will be glad you did!

I’m interested in buying a used car but I don’t have the money for a down payment. Can someone still get financed at a car dealership for an auto loan with zero down? The car I’m interested in is a 2004, costs about ,000 with low miles.

I don’t have bad credit but it’s not perfect either.

I financed a used vehicle from a car lot and paid in cash a total of 00.00 for a down payment to the dealer. The total price of vehicle was 00.00. The remaining balance of 00.00 was financed through a loan company/bank. My first payment due gave me a 10 day grace period from date due, and a late charge owed if paid after that. Three days after grace period the dealership towed my vehicle. The finance company knows nothing and says dealer has vehicle, but dealership says finance co. has vehicle. Two days no answers from either party. What do I do? Is this legal? Please help legally. Thank you. How do I get personal belongings back imediately that I have in car?