Seized auto auctions in Glendale CA provide great opportunities for savvy bidders who are on the hunt for a great deal. Most people are drawn towards general public auto auctions because of the variety and predictability. Seized auto auctions also provide a great deal of variety; however they are less predictable in terms of what will be available. As a result, the listing size is completely unpredictable.
What is a Seized Auto Auction?
Across the country different terminology is used to describe different types of auctions. The term seized auto auction can mean a lot of different things, even within Glendale CA. One of the most important things to keep in mind is that seized auto auctions often contain more than vehicles seized by law enforcement. Bank repossessions are also considered to be seized vehicles because they were retrieved from the original owner.
Who Holds Seized Auto Auctions in Glendale CA?
There are a variety of different places to find seized auto auctions in Glendale CA. The first place to start is government auctions. Aside from the well-known fleet vehicle auctions, all levels of government also auction off any vehicles which were seized. In most cases, vehicles are seized for fairly pedestrian reasons such as unpaid parking tickets or moving violations, such as the driver not having their license or registration available. While some are seized because they were involved with a crime, they make up the minority of most listings.
The next place to look is bank repossession auctions. When a bank repossessed is a vehicle due to nonpayment, their goal is to recoup the remainder of the loan. The easiest and fastest way for them to accomplish this is by placing the vehicles in an auction. While most banks will attempt to sell the vehicle directly to someone else first, a majority of repossessed vehicles end up at an auction.
How to Find Seized Auto Auctions in Glendale CA?
The biggest problem most people have is actually finding out when seized auto auctions are held in Glendale CA. There are a handful of different ways this can be accomplished.
- Local Classifieds
The most well-known way to find out about upcoming auctions is by browsing the local classified ad section. While this might be a possible starting point, classified ads contain no real information about the auction aside from the date. This prevents potential buyers from finding out how large the listing is or whether or not it will be worth their time. Additionally, the classified ads will need to be scoured on a regular basis in order not to miss out on an excellent opportunity. As a result, savvy bidders have long since moved away from relying solely on local classified ads to find seized auto auctions.
- Auction Houses
Another popular option is to follow specific auction houses. Seized auto auctions in Glendale CA are always managed by an auction house. By following specific auction houses, bidders can easily discover when the next auction will be held. It also provides them with an easy way to get a copy of the listings. Unfortunately, there are a growing number of auction houses in the area. This makes it almost impossible to effectively track all of them, which means it is likely a handful of auctions will be missed.
- Online Auto Auction Websites
Recently online auto auction websites have proven to be the best way to find seized auto auctions in Glendale CA. Not only do they provide buyers with a method of discovering upcoming auctions, it also provides them with a great deal of valuable information. This information can then be organized in use to find the best opportunities for a great deal. The best part is online auto auction websites allow buyers to easily sort, filter, and organize every listing. In many cases, potential buyers can place bids directly on the website. This not only saves time, but also makes it easier to discover what vehicles are tracking the most attention and which ones provide the greatest opportunity for a high-value purchase.
Seized auto auctions in Glendale CA provide opportunities for buyers to quickly identify the best deals and take advantage of them. The key is to move past traditional methods of tracking auctions such as classified ads and following specific auction houses. Instead, it is much more effective and efficient to utilize online auto auction websites to cut down on the research time and spot the best deals.