People want everything on a budget and would like to pay the cheapest prices, so if you are planning on buying a used car you can find almost new cars at South Dakota government auctions. All the states in the United States have cars which are to be disposed of as quickly as possible as they have been seized by the law, repossessed by banks and are surplus vehicles which the government has to get rid of. These used vehicles which can range from mini cars to SUVs and trucks, vans, luxury cars and family cars have all been seized by the law and are to be disposed at ridiculously low prices. Most cars will end up at the used car auctions as the government does not have the infrastructure to dispose of the vehicles which the auctioneers have.
How does an auction function?
Properties and goods including vehicles which are sold at government auctions are sold through bidding. The highest bidder wins the vehicle and the price for this bid maybe less than what you anticipated. The vehicles at auctions are cheap cars not because of their condition but because they are sold cheap. You can find these vehicles at any of the local auctions, vehicle auctions or repo auctions. People select the vehicle of their choice and then proceed to bid for them on the day of the auction.
The sources of the used vehicles
Some of the seized vehicles have been confiscated by the banks as the owners have not repaid the loans which were taken to buy the vehicles initially. When this happens the banks and other lending institutions repossess the vehicles and then resell them to recover some of the loan amount. Other vehicles have been seized for non payment of taxes by the owners or because the owners have been indulging in illegal and criminal activities. The bank repo vehicles are still within the loan repayment period and so are almost brand new and in great condition while the confiscated ones are luxury vehicles because criminals and drug dons only use the best.
Whatever the source of the repo vehicles the cost is always very low because the auctioneers are in a hurry to dispose of these vehicles. Storing and maintenance of these vehicles, which number thousand per day, cost these government a colossal amount of money and the only way to avoid this is to sell the vehicles off as early as possible. This is the main reason for keeping the prices really low.
Locate new cars at government auctions
If you want to get yourself one of these repo vehicles from the gov auctions you can do an online search for auctions which are going to happen in your town. Once you get a list of the auctions you can register with them and get a complete database of cars which are going to be put up for auction here. Look for repo vehicles which are at the auction and get more information about them. Make sure you inspect the vehicle and the do some research on its market value before you commit yourself to bidding for it.
