You may have heard of police auto auctions, but perhaps you have never attended one so you don’t know what they are really like. Once you realize the savings people are racking up by purchasing seized cars, you will want a piece of those financial savings, too! It is possible to find superior cars at state auctions, despite the initial impression you may get from hearing the term “repossessed cars.” Simply because a car has been repossessed does not mean it is of low quality. Cars are usually reclaimed by the police in instances when the owner failed to make car payments on time and the bank had to step in. There are many repossessed cars still in great shape, so they go to state auctions to be sold.
The fact about a police auto auction is that you can get your hands on seized cars for thousands less than you could by shopping through a used car dealership. People bid on cars during these auctions, so they tend to stay well below retail value. People have been known to purchase five-year-old cars for basically the price of other people’s monthly payments! If you bid wisely, you can make a serious steal on one of the many great repossessed cars!
SUVs, coupes, sedans, trucks, mini vans-the selection of vehicles you could have to choose from knows no limit! Many buyers have been known to pay well under half the car’s blue book value. One example is a purchase a customer from California made. He bought a 2002 Ford Expedition for $8,000 at a police auto auction in his area. The car was valued at nearly $19,000! That means he made a deal that saved him close to $11,000! Another participant in a police auto auction in New York made a steal by purchasing a 1999 Honda Civic, valued at almost $9,000, for a mere $2,050!
These testimonials are not rare occurrences. Some seized cars are sold for over half their blue book value, like the one another California customer bought from a police auto auction, a 2003 Mitsubishi Montero. She bought the car for just under $12,000 when it was retailed at nearly $18,000. Still, a savings of $6,000 is nothing to sneer at! State auctions take place nationwide, offering millions of people every year a chance to purchase repossessed cars at phenomenal prices. One of the best current testimonials I can offer you was a purchase made by a gentleman in Texas. He bought one of the seized cars from a police auto auction for under $500! I know what you are thinking, and no, the car was by no means a clunker. It was a 2002 Hyundai Elantra, the purchase of which saved him $9,500!
If these statistics are not convincing enough for you, learn about state auctions in your area and visit one to see what deals you can make! Perhaps you will not find what you are looking for in the first one you visit, but that’s alright! You will have the chance to see the proceedings and get a feel for how they work before you start bidding yourself. Consider convincing a friend to come with you who has purchased a car from state auctions before. Chances are they will be eager to help you obtain a great deal just like they did. Once you start bidding, you will quickly become aware of the savings of repossessed cars. There is no better time than now to take advantage of seized cars in your area, opening up the chance to hold a police auto auction.