Posts Tagged ‘police auctions’

It Is Possible For You To Find Many Bargain Cars and Trucks at Seized Car Auctions

Sunday, February 15th, 2009

As more and more people are having trouble making ends meet because of the shaky economy, there are an increasing number of vehicles being repossessed by lending institutions and seized by government agencies, resulting in an increase in seized car auctions. This is creating an opportunity for more people to take advantage of used car auctions to save a great deal on money on a used car.

When people get behind on their car payments, it is common for the lending institution to take back the vehicle, especially if there is no way for the person to get caught up on missed loan payments. The result is that the larger banks, credit unions and finance companies are often overflowing with repossessed cars and seized cars that they need to sell through a seized car auction.

There are also several departments of the government, from the local Sheriff’s office all the way to the FBI, that have the power to seize all kinds of property, including vehicles, and then sell them through seized car auctions. There are many reasons why these seizures happen, either because of tax debts, or because of the use of the vehicle in some kind of illegal activity.

When lending institutions, banks, police departments, and various federal agencies end up with a growing number of cars that have been seized or repossessed, they ultimately spend a lot of money to store these vehicles. In most cases, the people from whom the cars were seized have either no recourse at all for getting the vehicle back or a short window of opportunity to get the vehicle back before the agency has the right to sell it off. If there is no longer any chance of the person being able to reclaim the vehicle, then it can be sold through a seized car auction, which the agencies prefer to do as soon as possible to minimize their storage expenses.

In many cases, a seized car auction can be a bargain hunters dream, enabling them to save hundreds, or even thousands of dollars, on a wide variety of cars, truck, vans, recreational vehicles, and even boats and other recreational sports vehicles. These seized, motor car auctions provide people with terrific opportunities to get a better quality vehicle than they might otherwise have been able to afford. For those who are really lucky, they could be driving away with their dream car after only paying one quarter to one half of the amount that they might have paid, had they gone to a regular dealership.

Before you attend seized car auctions it is best if you take some time and do a bit of homework upfront. If there is a certain kind of car you are interested in, then look up the current market value or the Blue Book value on it. Many people recommend that you should not do any bidding the first time you attend a used car auction; rather, simply observe the entire process from start to finish, thereby becoming familiar with the general auction environment and how a car auto auction works.

Buying a car is always a big responsibility. However actually making that choice on where your going to purchase your new automobile is a big decision to make that you have to think through carefully. You have numerous options to choose from on where you can purchase your next car. You might purchase it either from a automobile lot or perhaps even off of the online auction site Ebay however you ever thought about local auto auctions as a location to obtain your next used automobile? Auto auctions are becoming quite popular. However there are some factors that you should certainly take into consideration prior to completing such a significant purchase from an auction. Are you getting the best deal for your money? What happens if something goes wrong? These are questions that you have to think about when it comes to your new purchase. In the rest of this article we will cover what auto auctions are and how they can either help or hinder your pursuit of a new automobile.

What are auto auctions?

Auto auctions are places where cars are sold. It could be from a public auction that has several vehicles to sell or it could be from an online auction at such places as EBay. There are also government seized auctions that occur regularly. The best place to look for these auctions is in your local newspaper. Many companies regularly have auctions at a set place and can offer up more choices in cars, trucks, vans and sport-utility vehicles.

How do I know if my new purchase comes with a clean title?

Usually the auctioneer will let the crowd know whether or not the vehicle comes with a clean title. Before the auction begins most people are given the opportunity to check over the vehicle and ask questions. If you are not sure of what a clean title is, it is when a vehicle is free from liens and has never been wrecked or at least not wrecked to the point where it is now a salvaged car. If the auctioneer does not volunteer the information then you definitely want to ask before you make the purchase. There is nothing quite like finding out that your new vehicle is still under a lien or has been wrecked to ruin the good feeling of having a new car.

Where do car auctions actually get their automobiles??

Auto auctions obtain their automobiles from various different sources. The cars may be from repossessions foreclosed by the lender or the bank. Some cars come from private owners who want to sell their car in an auction environment rather than through the newspaper. EBay has turned into a popular auto auction site with many dealerships selling their inventory through the website.

What happens if I buy a car and it does not run as the seller said it would?

If the seller guaranteed you that the car had no obvious defects but you later found out that the transmission was slipping it may be a case of the seller not knowing about the defect. This is where the law comes into play. The law must factor in what the seller disclosed and what he or she did not disclose to the buyer before the purchase. There are some cases where the seller did not realize there was a potential flaw with the car when it was sold. Many sellers will sell the car “as is” and state any obvious defects that they are aware of. If you asked them specifically about something on the car and it was very obvious that they lied, you may have a case where you can get your money back. You will have to consult with a local attorney who can tell you the laws of buying a car in your state.

To learn more go to IRS Auctions also Auto Auction and at Real Estate Auction

Save Money on a Used Vehicle at a Police Auto Auction

Tuesday, February 10th, 2009

There’s a whole new way for the average person to get a good bargain on a second hand vehicle. Try looking for your next car at a police auto auction.

Each year, at various locations all across the country, police stations hold an auction. The reason behind these events is to clear out their accumulated stores of confiscated merchandise. Police departments tend to accumulate large amounts of unclaimed or seized items. Typically, this includes motorcycles, trucks, vans, cars and boats. Most of these vehicles are sold to the highest bidder at auction.

Automobiles aren’t the only items available at bargain prices at police auctions. You can also find smaller items such as jewelry, artwork, furniture, and office equipment. The police are authorized to seize any property associated with criminal activity. This includes anything that has been used in the process of illegal activity or has been gained through the use of ill-gotten funds.

Most of the time, police officials do exactly that. In fact, there is often quite a surplus of items, so they will sell a lot of confiscated material at public auction. By selling off these goods they also help to fund their department at the same time.

However, cars are the most popular items for sale at police auctions. Just take a look at your local car dealer and you’ll know why. It can be prohibitive for some people to purchase a new or used vehicle from a dealership. That’s why so many people are looking for alternative ways to get a decent car at a good price. More and more they are looking to a police auction to buy their next vehicle.

The process of buying a car at a police auction has recently been made even simpler. Some police auctions will allow online bids. This can happen either before the auction begins or with real-time bidding from hundreds of miles away in your own living room. That means you can be the winner and not even be on site.

It can be a lot of work to track down just where and when some of these events are scheduled for. If you prefer not to do the research on your own, there are sites that specialize in finding a police and public auto auction for you. They will usually charge you a small annual fee. By registering with this type of service, you’re much more likely to find a good deal at a police auction. It won’t take nearly as much of your time to find your next automobile at a bargain price.