Repossession and police auto auctions - Why these government repos are great places to source cheap automobiles.

It may be difficult for some folks to be able to afford a late model automobile or a sports car on what some would even call a decent budget.

Thanks to police and government repossession auctions, this may now be a thing of the past as these upper end and sports vehicles become more and more accessible thanks to the price at which they can be bought at a government or police auction.

These types of auto auctions are seeing more people ride off in their dream cars by being able to pick up a really well priced auction car.

The police and FBI as well as many other state department and branches of the government change their auto fleets on a regular basis which leads to a surplus of vehicles in their lots and not enough staff to utilize all these vehicles.

So it makes sense that these police vehicles, al beit having been maintained to quite a high standard of repair, will inevitably end up on the auto auction floor for sale to the general public.

The other type of police and government auction is the type whereby the repossessed vehicles from the repossession squads and government departments that are entitled to take custody of vehicles that may have outstanding warrants due to unpaid traffic related fines are then sold at these police auctions in the process of defraying the expenses incurred by the state.

The sheriffs department may also use an auto auction as a means to dispose of automobiles that have been confiscated.  The police auction and FBI auction, not forgetting the DEA, are always a source of interest for the public hoping to get their hands on some dream supercars at really cheap prices as the government decides to sell the assets that may have been purchased with ill gotten gains.

It is perhaps even a new source of income to many auto dealers who have found good profit in these auto auctions.Some public members will be found at the auto auctions sourcing vehicles in order to generate additional income as the prices at which these autos are knocked down are the best prices at which to buy an auction car and will allow suitable margins ensuring enough to make a profit.

Going to an auto auction is always a great place to start when deciding to source a new car or SUV. Sometimes these auto auctions produce such a diverse variety of vehicles that there is on rare occasion a car that you want and you are the only bidder.

Sometimes you get lucky in that the auction mandate only requires the auctioneer to recover the costs of the lenders. This means that it is easy enough to shop for a car on your budget without having to end up with a car that you do not really like.There seems to be an adequate amount of choice regarding the types of cars you can expect to find at these auctions.

Having found a suitable car that you wish to bid on at the auto auctions, it may be worth your while to speak with the auctioneer the day before in order to understand what the norm is regarding the costs involved with the purchase fees on a successful bid. Even though the pricing at these auto auctions appears to be sometimes as much as 75 - 80% off the actual value, it is still essential to remember inclusion of the auction fees into your budget.

I hope you have found some value in considering government and police auctions when thinking of new next car purchase.


Comments 5 comments

suziecat7 profile image

suziecat7 5 years ago from Asheville, NC

I've gotten most of my cars from local government auctions. Most of these vehicles were well taken care of and I've had great luck. Thanks for this informative Hub.


SarahFlynn profile image

SarahFlynn 5 years ago from Arizona

Thanks for the info- i'm going to need a new car very soon. i definitely think this is my baby's last winter :(


Dale Nelson profile image

Dale Nelson 5 years ago from South Africa Author

@suziecat7

Glad to hear your experience has been positive with auto auctions. Always some good deals to be had.

@Sarah Flynn

Sorry to hear your car is on its way out. Maybe you can get a student to buy it. Check the varsity notice boards if you can place a flier. Worked for me once and I used it for my next car.


carauctionsites 5 years ago

Really very informative, these auction sites are really the best place to buy your dream cars and all. For this, the most important factor is that you should have knowledge of the best and reliable auction place to buy your vehicles.

http://www.carauctions.com.co/


hornet31 4 years ago

I find that there is a real mystery surrounding police and repossession auctions that deters people from buying there. However, if buyers better understood the ins and outs of how they work then I am sure many more people would realize the benefits of them. So the more information that helps people buy from these auctions the better.

    Sign in or sign up and post using a HubPages Network account.

    0 of 8192 characters used
    Post Comment

    No HTML is allowed in comments, but URLs will be hyperlinked. Comments are not for promoting your articles or other sites.


    More by this Author


    Click to Rate This Article
    working