Seized Auto Auctions are conducted by the government at various government auctions sights and by private auctioneers and agents for the government. Not only are seized vehicles auctioned here but also other costly luxury items are sold for a very low discounted price. Luxury cars like BMW, yachts, aircrafts and homes worth over a million dollars have to be sold off as soon as possible at these Seized Auto Auctions for ridiculously low prices. All sales have to be conducted by the government at a non profit basis and so the sales of most articles and items are below 50% discounted ones.
Non Profit organizations qualify for these sales
Organizations that are helping the handicapped and the underprivileged are given a preference over others to take part in these public car auctions. Apart from this they would also have to give an undertaking that the goods they have bought at the Seized Auto Auctions will not be resold but will be used for their own organization to help the disabled and the underprivileged.
Apart from the nonprofit organizations a lot of dealers get to buy these items off as they are registered with all the auctioneers in the state and become regular buyers of the stuff that is put on public car auctions. The best cars like Ferraris and Rolls Royce and luxury yachts and aircrafts are of no use to the non profit organizations and are grabbed by dealers, who no doubt have to pay a higher price but this is still much cheaper than the original cost of the vehicles.
Seized Auto Auctions
The common man has a chance of owning one of the high value flashy cars or properties which other wise only the rich could afford. Instead of shopping at exclusive showrooms he shops at Seized auto auctions and gets himself a high value item at less than half the original price. This is done without all the cumbersome paper work that one would have to go through to buy a brand new car or home instead of one that is used before but in very good condition.