Auto auctions in Nevada are very famous because it is possible to get virtually every popular car at less than 90% of its original rate at these auctions. Most of these cars are repo cars, used cars & seized cars. The repo cars and seized cars are generally sold at state auctions and police auctions. The repossessed cars are moreover ones offered by the owner as guarantee against a different loan or are reclaimed by the law due to default in paying the car loan. The seized cars are confiscated by the state from individuals who have committed tax fraud and are guilty of non-payment of tax, or are seized by police from individuals involved in illegal activities.
In both cases the used cars sold at police auctions and government auctions are in a very good condition. They are also cheaper because the government in a hurry to get rid of them sells them off at throwaway prices. This is because the cost of maintaining and storing the vehicles is very high. The government can ill afford to keep holding on to so many vehicles over the entire country. And in order to reduce and avoid the piling up of the maintenance and storage cost the government sells these repo cars and seized cars as soon as possible.
In the case of used cars being sold by the owners in order to purchase a new one, the quality of the vehicles is generally poorer than that of the repo cars and seized cars. This is due to the fact that the owners usually use their cars well before selling them to buy a new one. But sometimes it is also possible that some rich people who like to change their vehicle sell off comparatively less used cars. In the latter case it is possible to get fancy used cars at very low prices as compared to their original cost. In either case people who cannot afford a new vehicle can be sure to get a good used car at the car auctions in the region.
Car dealers who deal in used cars also frequent the auctions in Kentucky in order to get a good bargain. These dealers buy used cars, repo cars & seized cars at these auto auctions and then sell them to the public in the regular used car market at a higher price. This way they can make a large profit. Some people also prefer to purchase used cars from dealers rather than going directly to the auctions. This is due to the reason that test drives are usually not permitted at the auctions and it becomes very difficult for the layman to discern the condition of the used car without a test drive. While on the other hand the dealers are experts at this kind of inspection and examination. They choose an auction site nearby so that before they start bidding for the vehicles they want to buy, they are able to inspect and examine them at close quarters.
