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You may or may not have had the chance to attend a car auction before. Either way, they are a place to get an excellent deal on a great car. However, there are many myths associated with car auctions that could possibly hamper your next car auction buying experience. I will clear of a few of them below.

Myth: You need a dealer’s license to attend a car auction.

Truth: Many auctions of the past required you to have a dealer’s license, but this is not the case any more. There are plenty of public, police and government car auctions you can attend without a dealer’s license.

Myth: There are only lemons and junker cars found at car auctions.

Truth: While you might find you occasional lemon, most cars at an auction are in good running condition. You should remember to bring a mechanic with you to check under the hood to be on the safe side though.

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Myth: You don’t have to pay for the car you bid on if you change your mind or don’t have enough money to pay for it.

Truth: Although it is very easy to bid on cars at an auction, don’t take it lightly because your bid is considered a legally binding contract. So, if you are the winning bidder, you are expected to pay for what you bid on, sometimes in full.

Myth: You have to be a car dealer to know where to find a car auction in your city.

Truth: Car auctions take place all around the country and their location is not kept secret. You can find car auctions at towing yards, in your local newspaper or by asking you police department when there next auction will be taking place. But the easiest way to find all of the car auction sites near your home is to buy a list that will tell you about all of the auctions in your city.

In conclusion, car auctions are not as mysterious and confusing as some may make them seem. They are easy to find, you don’t have to be a dealer to attend one and they contain great running cars!

 

Did you know that car auctions lists can be a great investment if you’re planning on saving money on your next car? Visit MyCarAuctionReview.com for info on the most popular car auction lists around.

Thinking of buying a car at cheap prices?  Do not worry.  You can have a car of your dreams at a price you can afford.

I am not kidding.  All you have to do is to find out details about Government seized car auctions and take time to attend one of those auctions.

What is a government seized car auction?  Well.  The Government and many of its agencies including the IRS, Police Department, FBI or such other agencies seize the vehicles from the legitimate owners for any of the mistakes such as non-payment of dues or taxes, or such other illegal offenses that warrant seizure of vehicles.  Across the country, thousands of such vehicles get seized by the Government authorities on a daily basis.  What will the Government do with those seized vehicles?  Neither is has enough space to store such vehicles nor it finds any meaningful purpose in retaining it for a longer period.

It is in this context the government seized cars auction assumes significance.  At periodic intervals, the Government auctions these seized cars.  The idea behind these auctions is to just dispose off the inventory of seized vehicles and price is not the primary criteria. 

The Government auctions, in most cases, are free for public and anybody can attend the auction.  Most of the auctions are not publicly advertised, and knowing about the auctions in your locality is the first thing you should do to take part in the auction.

What are the benefits of attending such a government seized car auction?

The first and foremost benefit of attending such an auction is that you can get the car of your dream for a relatively cheaper price, sometimes even at a discount of 90%.  However, there is a caveat.  The price of the car Is determined in the bidding process and, in some cases, you might end up paying a little more than the actual worth of the vehicle.

The second benefit of attending a government seized car auction is that most of the vehicles will be in relatively good running condition.  Because the seized cars put out for auction do not have any flaws or manufacturing defects, and were ceased for non-payment of dues or other offenses.

Many used-car dealers or retailers can also be approached for purchase of a car.  However, attending the government seized car auction to look for an ideal car of your choice would be advantageous.  While the retailer will display you a range of models, as is the case in Government seized car auctions, the price determined by the retailer will be relatively higher than the price you bid in the auction.

One should be careful while attending a government seized car auction.  In such auctions, you will be allowed to inspect the car from outside to assess the true worth.  However, you will not be allowed to have a test drive of the seized car.  After emerging successful bidder in the auction and taking delivery of the car of your choice in the auction, you should be prepared to spend a little more to ensure that the car is in good condition, because you did not have the opportunity to test-drive the vehicle, which many retailers offer you.

People starts talking on how to find police impounded car auctions. Some of them have even heard about the good deals on these car auctions but hard to find locations of police impounded car auctions. Police impounded car auction is among the many auction venues where you can find repossessed and impounded cars for sale. In fact, various cars are sold in these car markets just like in typical mainstream car dealership markets. Some of these cars are seized by police authorities from lawbreakers in their illegal activities while some came from government agencies that need to replace their old fleets with new ones. In some police seized car auctions alone, you can find a wide array of vehicles from old to new models. You can come across cars that are already putrid and old but you can also grab a car at still perfect condition.

There are actually police directories that can help you find police impounded car auctions.  You can directly ask the police agency in your local area about any existing police impounded car auctions. If you do not have enough time visiting police departments, you can surf for these directories on the internet. Online searches can help you access to online directories for immediate information about police impounded car auctions. You can also check out your local newspapers for the advertized car auctions as it usually used by police agency in advertizing current police seized car auctions. In addition, you can phone particular police department to help you find such car auctions. After verifying the whereabouts of the car auction venues, you can go and visit the auction site as early as possible so you can conduct a thorough inspection before the auction proper starts.  You must remember that the inspection phase is one of the most important phases in buying repossessed cars because this will help you decide whether to push through your buying plan or not.

Considering its best advantages, police impounded car auction is one of the best places to hunt repossessed cars. This car auction also allow potential buyer to conduct thorough check up of the unit before proceeding to car bidding. However, some car auctions are not as broadminded as others, so it is always your obligation to gather enough information about the rules and regulations so you can be in right position to accurately spot the type of car you want to purchase. The good thing about buying a secondhand car at police impounded car auction is that you can own a car that is still in perfect condition at almost giveaway price. The only thing to do in order to successfully get a good deal is to patronize the auction venues. If you cannot get at your first visit, you can revisit the venue until you get your most desired car. Those things mentioned above are just among the few tips on how to find police impounded car auctions.

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.

My friend just called me bawling her head off. A tow truck just took her car from her. She told me she was able to remove all personal belongings from the car before he left. She is behind two payments. SHE told me that the driver told her she has until this evening to send to credit company via Western Union or she will lose the car. I asked her what do you do if you get the money. Her response was I send it to the credit company and then I have to go to the Police Department to get my car. What?

My boyfriend told me that a repossessed car is taken by a tow truck and it is placed in a yard with other vehicles. He said she has time to come up with the money and pay it (along with any yard charges). He doesn’t understand the Police involvement.

Does anyone have the definite info on this? We live in Southern California. I am trying to give her the best advice and want to make sure I know how this works.

Thanks!
I appreciate the responses . . . (but Dave we all know to pay our bills. Seriously?)

I am asking for input. This is my friend of 15 years who I have watched grow up. I am trying to make sure what she is saying is legit.

Hopefully this will all work out for her in some way.

Again thanks!

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