Getting cheap vehicle deals at federal car auctions is not just a possibility, but also an assured matter! With the popularity of all used car auctions going up, it is no surprise that the all-beneficial government auctions are at the top of the list when it comes to popularity. Of course, there is no large scale advertising involved for these local auctions conducted with the approval of the federal government. But news spread online or through regular announcements or through word of mouth and the bargains are genuine.
Police auctions and repo auctions sell cheap cars that are usually forfeited by the people who have not repaid bank loans or other dues. The cars are also previously owned by fraudsters or criminals who were arrested for various reasons. Also, some cars are unclaimed and under government maintenance. The government is pressurized to dispose them off and it does so by conducting vehicle auctions for the general public. The government of the United States of America has surely been lauded by so many happy owners of cheap cars from federal car auctions.
Gov auctions have a very low start price. If you get to the auction site early enough and the competition is very less, then you might be able to get high quality cheap cars saving thousands of precious dollars! Even if the highest bid is lower than the reserve price, the government sells the car at the sum nearest to the reserve price so you might again get lucky. Local auctions restrict entry to residents of a town, state or city. So if you are the early bird at such vehicle auctions, your chances of winning a great car are high. But to be the early bird, preparation is a must.
The sale process at federal car auctions is simple enough, but you are better off knowing the terminology used. The cheap cars are sold as-is and inspection time is granted to participants generally an hour before the bidding begins. If you want to get hold of your dream car, then research upon your requirements and the auctions that are selling your choice of car. This will save time spent on blindly attending every single auction. Get online and the government auction web sites will provide you all the information you need. They will keep you informed of such a car is available at any of the nearest live auctions, or even online auctions.
Stay away from possible lemons at federal car auctions by inspecting the cars when you can. The vehicle history documents are available for viewing. Spot the cars with extended warranty. Look for mismatched tags (VIN), odometer readings and other minor issues. Never overshoot your budget; after all you are here for cheap cars!
Free federal car auctions might be actually conducted by third party under contract. All you need to do is research a bit, come over and register, then pick your car and bid on it. Within some time, you will be driving home your dream car, be it a compact car or a luxury on wheels.