What you need to know about
GOVERNMENT CAR AUCTIONS
In short, various federal, state, and local government and law enforcement agencies regularly auction off surplus, unclaimed, and seized property, including automobiles, equipment, and even real estate. These are known as
GOVERNMENT CAR AUCTIONS.
The General Services Administration is one of the largest to hold these auctions. Then there's the
DEA, IRS, FBI, Department of the Treasury, Homeland Security, and Border Patrol. State, county, and local governments also have auctions. For more about police seized-property auctions see Police Impound Auctions.
Banks also repossess property and cars and trucks from customers who default on payments, they then sell then sell them through public auctions. Government and bank auctions are usually handled by private auction companies.
Government car auctions - How they work
Government seized property are held all over the country. Usually an auction takes place at a certain location on a pretty regular basis. Monthly or quarterly or annually. Newspapers often have listings about the time and dates. Most of the time these are more than just plain old car auctions. All kinds of personal property are included, including real estate.
These
GOVERNMENT CAR AUCTIONS agencies and are looking to get as much money as possible for their goods. Good bargains and cheap cars can be had, even though these institutions are looking to get the most for their buck. Otherwise, the auctions wouldn't be as popular as they are now would they.
You must be at least 18 years old and have a valid drivers license. Some
GOVERNMENT CAR AUCTIONS are restricted to licensed car dealers, but most are not.
Alot auctions have a preview period of about two to three days before the auction in which you can look over and inspect the cars, trucks, collectibles or what ever your looking for. In most cases, you will not be able to drive the vehicles but you can start them and check them over as much as you want to. Also there are no warranties or guarantees. To be a great auction buyer, you need training and expearience like anything else.
There are always risks when buying at government or car auctions. But you can really lower your risks by knowing what you're doing. Knowing ahead of time what you want and understanding how the auction process works can save you money and stress. The best bargains are usually on the older less-than-perfect vehicles that dealers don't want to spend time and money on.
How do I find government and police car auctions?
Car and property auctions of all types and sizes are held all over the country virtually every day. You have essentially two ways for locating these auctions in or near your area.
The first way to find government or police auctions is to do the legwork yourself. Contact your local federal, state, county, and local government agencies to determine if they have auctions, where they are, and on what schedule. Contact banks and financial institutions for their auctions, if they have them. Contact auction companies who handle auctions for banks and other clients.
Most official government auctions are regularly announced in national newspapers or local newspapers. These adds almost always appear on a certain day of the week or month.
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