There have been many articles written about police and government auctions, but very seldom are there any specific examples given of the types of repossessed cars you can purchase at them. The government seldom advertises their auctions or the types of items that will be sold at them, so the only way to find out is by doing research on the Internet. The government wants to get rid of it’s inventory of foreclosed homes and repossessed cars, but they don’t want to spend any money on advertising.
Can you imagine if Best Buy said they had some great deals but never really publicized what they were, they probably won’t get half the business that they do. Well in the case with government auctions they still have quite a following with virtually no promotion (mostly word of mouth) and the reason for that is simple, they have the best deals, period. Think about it, no cost paid for the goods sold and they want to move that merchandise out of their inventory as fast as possible. Compare that to a retailer who has a cost associated with each item and needs to make a certain margin on each sale.
To illustrate my point here are a few samples of the repossessed vehicle auctions prices. My research consists of using the highest rated government car auctions site that has been evaluated and reviewed on my own site mentioned in the last paragraph. Keep in mind that these specific items may no longer be available by the time you read this, but you’ll still get an idea of the vehicle discounts that are available through government auctions. A sample of 5 vehicles among the thousands available are:
* 2005 Porche Boxster with 14K miles – $5,790
* Pontiac 2005 Bonneville 12K miles $3,330
* Subaru 2004 Impreza Outback 30.1K miles $3,810
* Subaru 2005 Forester S 14.1K miles $4,320
* Toyota 2004 Camry LE 26.1K miles $4,070
Like I said these are just a sample of ones I selected but you can select from any made and model. So where do all these vehicles come from and why are they so darn cheap? The come from numerous branch sources which all have many vehicles reposed for different reasons ranging from unpaid debt and/or taxes to many different legal reasons. Police and other government agencies also sell off the items that they obtain from convicted criminals.
You should consider going to a live government auction rather than an online auction because you will have the time and opportunity to get a good look at the available vehicles. If you’re not a car expert yourself, you should bring someone along who is. Make sure you find out information concerning its quality and history. Remember, most people aren’t even aware of government and police auctions or the great values that can be found there so you can choose from a great vehicle selection one that normally would be outside your budget.
A car is repossessed largely without much trouble — in some states, the operation must be performed peacefully by law — though the agent has seen some upset owners in her time. Some states allow a repo worker to enter a property without the owner's permission, while some owners choose to relocate their vehicles in a bid to avoid a repo (which is also legal in some states).
repossessed cars are good example, I tried that.
Government auctions can be interesting. A good friend of mine just bought a newer jeep and it had 4k miles on it. It had been confiscated from a drug runner apparently, however they must have forgotten to take all the drugs out because my friend, who is Mormon just got arrested for cocaine obsession. He is the cleanest person I know, it was found inside one of the body panels. Its like straight out of a movie.
When i bought my last car I decided to do some research on repossessed cars but found info really hard to come by. Buying repossessed cars is a great way of saving money when buying a car but I've found that you really need to know what you are doing. Knowing a good car from a bad one and also knowing what to do when attending auctions are two of the most important skills necessary.
hi i think you should search new cars also.
Repos, rebuilds – they are just awesome if you know what you are buying and knowing the prices, so you can jump quickly when you see the deal.
Repossessed auto auctions can be a great source for cheap vehicles, either to resell (like car dealers do) or to keep for yourself. In any case, if you find the right auction, you can save up to 90% on a vehicle in very good conditions. One thing to do in order to bid safely is to ask for a VIN (many times it will just be available for you) and run a vehicle history report at Autocheck. Also, never get into a bidding war: you'll lose no matter what (at the very least, you won't save as much as you could have).
Government car auctions are always good to go to because you know that they will have some good cars.
But don't you think if they were to publicize it they would inversely be attracted a large number of people, people willing to travel from one state to another since they are priced so below the price. One more thing I am absolutely shocked to hear that such things take place of which we are unaware off. I mean I am being strangled by my car loan and had I known about this I could have visited this place. I mean I feel like crying my tears out. Look at the cars and the price tags.. It's insane. One more doubt that I had was maybe the reason for pricing these cars so low maybe because there might be some fault in the long run or maybe they are defected from some part…. Is that the case in any of the cars???? One last thing is there any knowing where I can know these auctions are held??? It would be off great help
Good information. You're right, by the way: repossessed cars can be a way to get great deals, but you do have to be very careful when bidding on them. The best way I've found to check the history of the vehicle is to ask for the car's VIN (many auctions give them to you already) and then get a "Vehicle history report" at Autocheck.com. It's more complete and reliable than similar services by Carfax, for example.
Great idea, this way people with budgets below 700k can still get good cars. Please whats the average price range of clearing the sample vehicle from Cotonou to lagos?
Very true, Government car auctions are always good to go as they offer really good discounts..
Some times it depends on your luck.. As I have been to govt. cars auction where I got Toyota Yaris on good price and its running good. The problem with the auction is that we are not allowed to go for test drive.
Government cars price is negotiable and still good condition! If I have chance I would buy a government car!
I wonder if they are ever tested out before released for auction?
The examples of car prices here look a bit high for gov car auctions. Skilled buyers can get a car for as low as $600, and cars in great condition from about $1000