Government car auction |
Buying government repossessed cars is certainly worth it if you are after a good bargain. When you buy at a repossessed car auction, it is very likely that you will be given a wide range of selections that are priced 30-70% off the retail price. Now, who would not want that? Buying a car at this kind of auction is even a lot cheaper than buying one from car dealers wherein there is a middle man. You can get more than half of the tag price slashed off without even trying.
Another reason why buying government repossessed cars is worth it is the fact that these cars are not highly publicized. That simply means that you will not have much competition and an auction without stiff competition can be very beneficial to you financially. Of course, since it is not highly publicized, you must have one or two effective methods in order to know when these auctions are scheduled to take place. If you are patient enough, you can establish contacts from various government agencies or monitor newspaper ads regularly.
Purchasing government repossessed cars does not mean that you are a cheap buyer but a practical one. Imagine being able to own a car that you like without having to pay for the retail price. You can take advantage of the fact that these cars need to be disposed of by the government or banks and you will be waiting at the helm to get the best price possible. Take note that some of the cars at these kinds of auctions are even luxury cars. Imagine yourself driving the sleek luxury convertible without even draining your bank account.
Q: Why are the cars so cheap? How can this be true?
A: Every day thousands of Americans default on their car loans or lease payments. As a result their new, or almost new, cars get repossessed or seized by financial institutions and auctioned off in a hurry because the cost of storing the cars outweighs the banks' ability to try to make the lost money back (same with police auctions, etc.). Consequently, lucky people who have access to direct sources where these repo cars are being sold find themselves overwhelmed by dirt-cheap offers that look unbelievable to the average car buyer. This is real and is being taken advantage of by many car dealers as well as a very small number of public citizens.
The US Government also needs to sell it's own vehicles after a certain time due to their policies and overall financial considerations. These vehicles have been written down in the books and offered to the public.
Q: How many auctions can I expect to find in my area/state?
A: In the Gov-Auctions Member's Area you will have immediate access to direct links to many Federal and Government related vehicle auctions including seized, surplus, foreclosed, repossessed or fleet vehicles at rock bottom prices. You will have easy and direct access to the auction contact information including the different geographical locations, dates, times, wesbites and contact phone numbers. Use our "auction finder" to see number of available auctions to members in each state
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