Secrets of Government Auto Auctions

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By E-Ticket



What is a Government Auto Auction ?

Whether you are looking for a Lamborghini, Ferrari's or a beat up Ford, a government auction might be the way to go for the person that wants more car for their money. To own one of these cars you don't have to win the lottery or rob a bank. Everyday people buy these cars all the time and you can too.


Government auto auctions have been around for some time now and many people have caught on to the many advantages of buying at an auction Whether they are looking to get an inexpensive vehicle for themselves, or looking to make a quick buck by reselling it. Government auctions serve both purposes very well.

Auction vehicles aren't always previously owned by criminals, or were used an some sort of illegal act. It doesn't mean you are buying a getaway car, you may simply be getting a repossessed car someone couldn't afford to own.

But because all these cars come from such a variety of different sources, they tend to be very diverse. You can sometimes find some really exotic luxury car models like Cadillac, Mercedes, Ferrari, Renault, Aston Martin, Lamborghini, Jaguar, and Porsche among others.


One thing to keep in mind about government auctions is that they're sold as-is. So do a thorough inspection of any vehicle you are buying from an auction.


There are several ways to find government auctions such as the classifieds in your local newspaper and of course the internet which will have plenty of information and lists of upcoming auctions around the country.  Another option would be to actually bid for vehicles online from the comfort of your own home, check out the Car-Auction database which is full of thousands of different repo cars just waiting for you to bid on!


Bidding

Government auctions are usually "Absolute" which means the vehicle is sold to the highest bidder.

The first thing you will do is get a bidders card. You will have to provide ID such as a drivers license. You will be provided a bidders number. You are responsible for all bids offered with that number, so don't flash the number unless you intend to buy that vehicle.

Get in a position where the auctioneer or ring person can see you. But don't worry, even if you are deep into the crowd they have assistants scanning the crowd for bids as will. Remember, NO bids can be rescinded. So be clear that you know the amount you are bidding. These people are not friends, the move fast and furious.

If you are the successful highest bidder, you automatically enter into contractual obligation to complete the purchase. Something you need to remember and look into is that you will also have to pay for all taxes, transfer fees, usually all state required inspections and smog tests, plus any additional bidders fee.

These fees can make a great pick up into just an okay one,so be aware that you are not just paying the price you bid for the vehicle.  But also keep in mind that it still better than buying it off the lot or from a private owner.

Bottom line, make sure that you fully understand all terms and conditions of the auction. Ask questions if you are not certain about something. Do your homework on the condition of the car before the auction date if possible. The cars will be listed, so you can get a general idea of it's worth before you even leave the house. Set your maximum purchase price and bid accordingly. Remember to enjoy yourself...it's actually a lot of fun!

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