October 30, 2009
Find A Local Seized Car Auction
Are you searching for a ‘new’ vehicle at a price you know you can afford? If your answer is ‘yes’ why not attend the next seized car auction in your area? Repossessed or seized cars are normally sold at government auctions.
These auctions are sponsored by the local police department or sheriff office and the auction cars are sold for a fraction of the original price. Here as elsewhere in life you normally do get what you pay for. Below are a few tips for finding the car you want for the right price.
If you want to know when a government or police car auction will be going on in your area, you can visit usa.gov. This site will refer you to directories containing schedules for auctions sponsored by the Department of Defense, the U.S. Marshals Service and the Department of Energy. Other seized car auction events that you may be interested to participate in will also include autos that are from state or local surplus.
The storage costs for the state and the banks that finance the vehicles are several millions of dollars, so you can be sure that cars you purchase from these auctions will be much more affordable that other places, for example from a dealership. We have seen several cases where cars go for 80 to 95 percent off the retail price!
Some special rules apply to auctions, even if a seized car is not in bad condition. If the vehicle you purchase at an auction are sold “as is”, the auctioneer or any organization selling the car is not liable for damages or repairs once you win the bid and drive the vehicle off the auction site.
Because of this rule you will have to purchase a guarantee that will protect you if anything goes wrong with your auction car
You’ll also need to purchase a warranty for the car so that if repairs are needed, they will not be terribly expensive. You should also remember to never, ever walk away from the auction site without getting the title to the car. You will not be able to legally register the car and receive a license plate, which could present some serious legal problems for you in the future if you plan on getting the car on the road.
For extra help in finding the right seized car auction or automobile prices for your budget, you should also log onto carbuyingtips.com. This site has a lot of straightforward tips that will help save you money and get the most out of your car purchase. You can also find great seized car auction information, as well as great classic car models on ebay.com.
Filed under Cars n Stuff by Sanjay
July 2, 2009
Making Profit Through a Police Car Auction
More people in the UK are already bidding for vehicles, since car auctions are already known for discounted vehicles. In essence, there are private auctions held regularly, as well as auctions sponsored by the government. Nonetheless, it can be expected that UK police officers are able to impound vehicles from illegal dealings. This explains why a Police Car Auction is made periodically, to offer the vehicles to potential bidders. A discount of up to 50% is often available from these cars in the auction. For income generating purposes, you may dispose the vehicle at a higher price after winning it from the auction.
Filed under Cars n Stuff by Sanjay
Constantly inside the entire UK, police precincts impound an amazing assortment of goods from criminals and organized crime participants. Most of these items include vehicles, which law agencies have no realistic use. So every now and then, they need to host a police car auction to get rid of such vehicles in an efficient, advantageous manner. A police vehicle auction is a terrific place to locate amazing bargains at up to half off their normal market price.
Why You Should Consider Auto Auctions
More than just law officers confiscate the vehicles you see at a public car auction. A good number of cars are also seized by entities like Revenue, Customs & Excise, courts and bailiffs. It doesn’t take long for the numbers of seized vehicles to increase to the point where they must be disposed of at a government car auction. Many people who attend these events turn around and re-sell the vehicles they buy for a tidy profit that’s often double or triple the price they paid at auction. That’s because the agency selling the vehicles is looking to get it off their hands as opposed to earning revenue off of it. Also, because there aren’t any direct costs involved, vehicles sold at police car auctions have low or no reserves. A reserve is the amount set by the seller below which a bid will not be accepted. Ordinarily, a reserve price is set, and it’s equal to the actual market price of the car. But with auctions ran by the government, such reserves are considerably lower.
What You Should Know Before You Bid
Even though a police auto auction is a great place to find an amazing deal on the car you’ve always dreamed of, there are a couple of facts you should know before you participate. The first thing to keep in mind is that if you bid, you are obligated to honor the bid if you win. Also, once you bid in a public police car auction, you’ve involuntarily acknowledged the guidelines and regulations that accompany the sale.
Once you’ve done your homework and understand your obligations as a bidder as well as the mechanics of a UK police car auction, you’ll almost be set to get a good deal on a great car you might not could afford outside the auction.
What Else Do I Need to Know About Police Auto Auctions?
It’s a always a good idea to buy a guide book that lists the market values of the types of cars you’ll be bidding on. This will help you decide what a fair price for a given vehicle would be. Also, remember that the vehicles at a local police car auction are sold “as is,” meaning that there’s no warranty or recourse if you have a problem with the car. There’s no returning the car for a refund, either. Generally, cash is preferred and credit cards are not accepted. You are also responsible for any applicable taxes and fees.
Filed under Cars n Stuff by Sanjay