Guide To Impounded Car AuctionsBy [http://ezinearticles.com/?expert=Davion_Wong]Davion Wong
Impounded car auctions are considered one of the best options in finding cheap cars. It is one way to hunt for an affordable vehicle. These auctions are gaining popularity due to the low starting bids. This is sometimes what makes people quite apprehensive in getting a car from such car auctions. They think that a good and well-conditioned car cannot possibly be auctioned at such a low price.
One fact about impounded car auctions is that they can be trusted. The procedure is legal and oftentimes being held by trustworthy auctioneers who simply want to get rid of the cars as soon as possible.
These auctioneers are government agencies, banks and several lending organizations. They are not after the profit from the impounded cars. Earning money from these cars is not their priority.
Some reasons for the cheap auctions are; one, they need the spaces that these cars are occupying, second may be because maintenance can be costly and third, putting the cars in auction is a far better option than letting them fall into pieces and get wasted. These reasons answer why impounded cars are being sold at prices that can easily attract many people.
Impounded car auctions also offer a practical option among people who are looking for different types of cars. Luxury cars can sometimes be found as well as some really good models which are being auctioned at a low starting bid. Some cars may even look as good as new and in excellent condition. The best thing is that they are being sold at a price that people want.
However, you should not get your hopes too high as to getting a good and well-conditioned car at such a very low price. This is just like any other auction wherein a good find attracts more bidders. As a result, it should be expected that as more bidders place their bid on a particular car, the price increases. This means that you may possibly find disappointment when a particular car you want comes out very elusive.
There is much to be learned though for those who are interested in buying a vehicle from impounded car auctions. If you are serious about buying a car with this procedure, a good way to start is by attending one auction in your area just to get a feel of how the whole thing goes. Take time to watch, observe and learn in order to get the most out of it.
If you want to find out more about impounded car auctions, visit my blog and get all the information you might definitely need.
Davion is crazy about fast cars. Uncover useful tips on [http://seized-carauctions.blogspot.com]government seized car auctions such as where to find cheap seized car auctions near your home at his wildly successful car blog. Also, read another of his popular article on [http://ezinearticles.com/?Repossessed-Auto-Auctions---Read-Before-You-Bid&id=929108]repossessed car auctions.
Article Source: http://EzineArticles.com/?expert=Davion_Wong http://EzineArticles.com/?Guide-To-Impounded-Car-Auctions&id=1197048
Tuesday, January 13, 2009
Government Seized Car Auctions - How They Work For You
Government Seized Car Auctions - How They Work For YouBy [http://ezinearticles.com/?expert=Davion_Wong]Davion Wong
Government seized car auctions can work for you if you understand how they function and learn how to make use of them to buy cheap vehicles. Few people actually even know that they exist which gives you an edge over most folks. While it is really a disadvantage to the government to sell the cars at dirt cheap prices, it is great gain to you as a potential buyer.
How do Government Seized Car Auctions come about?
The government agencies are confiscating or repossessing many vehicles everyday. A good estimate puts that figure at thousands a day. These automobiles originally belong to owners who are either in debt to the government due to tax arrears, defaults or criminals at large. Under the seizure laws, there are legal provisions to seize these properties. The sheer number of vehicles being seized each day is overwhelming and the agencies desperately need to get rid of them quickly.
It is this situation that creates the opportunity to purchase vehicles at rock bottom prices. Do not be surprised to find cars, even luxury cars at up to 90% off the prices you see at the local car dealership. You can even drive home a decent branded vehicle for $100 occasionally.
Other important things to note about government seized car auctions
To participate in such auctions, you need to be at least 18 years old. Bring along your ID when you are there as verification is needed. Alternatively, get someone who meets the age requirement to represent you.
There are some which are not privy to the general public. This requires the application of a license in order to be able to bid. Normally, these are for the dealers. Nonetheless, there are plenty of public auctions which you can participate in whether you are buying a car for your personal usage or for profits.
The conventional method to locate these would be to check with your local government auctioneers or city council for information about the vehicles available and auction venue. Such details could be found in the newspapers and auto magazines as well. Unfortunately, a lot of this information is not always updated and real-time.
Ideally, you need to know about the venue and car listings before you even enter an auction. This gives you ample time to find out all you want to know about the vehicle details such as its car value, make, model and performance. This piece of information can be found on seized auto search directories like the one listed in my blog.
Typically, there are dozens of government seized car auctions happening at various states at any point of time. So you can actually plan your route over the weekend perhaps to drive from one to another to view the vehicles. It is always wise to list down a top 3 or 4 favorite choice you would like to bid for. At least if you miss one, you can always bid for the next.
Likewise, to do so, you need to be fully aware of where they are happening as well as when and what time. They normally open early so that you can be there prior to the bidding to actually see the displayed vehicles to make your pick. This information is found in online seized car search directories.
Finally, always bring along a qualified car mechanic as he would be able to perform simple diagnostics to assess the condition of the vehicle. If you have a friend who is good at that, ask him or her along. To get started, check out my blog for an up to date listing of the current government seized car auctions.
Davion is crazy about fast cars. Uncover useful tips on [http://seized-carauctions.blogspot.com]seized car auctions such as where to find cheap seized car auctions near your home at his wildly successful car blog. Also, read another of his popular article on [http://ezinearticles.com/?How-to-Buy-Repo-Cars-On-Cheap&id=840241]how to buy repo cars on cheap.
Article Source: http://EzineArticles.com/?expert=Davion_Wong http://EzineArticles.com/?Government-Seized-Car-Auctions---How-They-Work-For-You&id=893781
Government seized car auctions can work for you if you understand how they function and learn how to make use of them to buy cheap vehicles. Few people actually even know that they exist which gives you an edge over most folks. While it is really a disadvantage to the government to sell the cars at dirt cheap prices, it is great gain to you as a potential buyer.
How do Government Seized Car Auctions come about?
The government agencies are confiscating or repossessing many vehicles everyday. A good estimate puts that figure at thousands a day. These automobiles originally belong to owners who are either in debt to the government due to tax arrears, defaults or criminals at large. Under the seizure laws, there are legal provisions to seize these properties. The sheer number of vehicles being seized each day is overwhelming and the agencies desperately need to get rid of them quickly.
It is this situation that creates the opportunity to purchase vehicles at rock bottom prices. Do not be surprised to find cars, even luxury cars at up to 90% off the prices you see at the local car dealership. You can even drive home a decent branded vehicle for $100 occasionally.
Other important things to note about government seized car auctions
To participate in such auctions, you need to be at least 18 years old. Bring along your ID when you are there as verification is needed. Alternatively, get someone who meets the age requirement to represent you.
There are some which are not privy to the general public. This requires the application of a license in order to be able to bid. Normally, these are for the dealers. Nonetheless, there are plenty of public auctions which you can participate in whether you are buying a car for your personal usage or for profits.
The conventional method to locate these would be to check with your local government auctioneers or city council for information about the vehicles available and auction venue. Such details could be found in the newspapers and auto magazines as well. Unfortunately, a lot of this information is not always updated and real-time.
Ideally, you need to know about the venue and car listings before you even enter an auction. This gives you ample time to find out all you want to know about the vehicle details such as its car value, make, model and performance. This piece of information can be found on seized auto search directories like the one listed in my blog.
Typically, there are dozens of government seized car auctions happening at various states at any point of time. So you can actually plan your route over the weekend perhaps to drive from one to another to view the vehicles. It is always wise to list down a top 3 or 4 favorite choice you would like to bid for. At least if you miss one, you can always bid for the next.
Likewise, to do so, you need to be fully aware of where they are happening as well as when and what time. They normally open early so that you can be there prior to the bidding to actually see the displayed vehicles to make your pick. This information is found in online seized car search directories.
Finally, always bring along a qualified car mechanic as he would be able to perform simple diagnostics to assess the condition of the vehicle. If you have a friend who is good at that, ask him or her along. To get started, check out my blog for an up to date listing of the current government seized car auctions.
Davion is crazy about fast cars. Uncover useful tips on [http://seized-carauctions.blogspot.com]seized car auctions such as where to find cheap seized car auctions near your home at his wildly successful car blog. Also, read another of his popular article on [http://ezinearticles.com/?How-to-Buy-Repo-Cars-On-Cheap&id=840241]how to buy repo cars on cheap.
Article Source: http://EzineArticles.com/?expert=Davion_Wong http://EzineArticles.com/?Government-Seized-Car-Auctions---How-They-Work-For-You&id=893781
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