Several auctions begin with a $100 bid. The seized government cars auctioned are part of the Drug Enforcement Agency (DEA), Internal Revenue Service (IRS) and the Federal Bureau of Investigation (FBI). The Police Department cars also form part of the proceedings.
These government cars are either pre-owned or surplus cars. They are in good condition and are rarely more than 3 years old. There are over 4000 online seized car auctions held throughout America with cars sold off in each state.
Information For Getting The Maximum Benefit Out Of Government Seized Car Auctions:
Most auctions may need a bank draft so make sure you have cash reserves in your bank account
Decide on the cars that you like well in advance of the auction date and carry out a Vehicle Identification Number (VIN) check on them to check that their titles are valid. You can also find out if the cars were stolen or involved in an accident
Get a Kelley Blue Book value for the cars you are interested in to get a rough estimate of their market value
As far as possible, bid on cars that have clear valid title on them
You may have to incur a buyer’s premium of 5% to 10% on top of the winning bid. Consider for example you won at the auction a car for $1000, you will have to pay a buyer’s premium in the range of $50 to $100 extra and making it $1050 to $1100 as the total price of your car
Now that you have found an affordable way of purchasing an affordable car at government seized car auctions, commute around your favourite city to your unbounded delight catching up with friends and work commitments. Get your vehicle of choice and save masses of $ at the same time.