If you are in the area, it is always a good idea to keep an eye out for seized autos at Irvine government auctions. Many people shy away from government auctions primarily because they don't really understand what they could be getting. In order to make the best purchase possible, it is important to understand what seized autos are, the advantages that they offer as well as the potential drawbacks. Here is a quick look at all three areas so that next time you attend Irvine government auctions, you understand which vehicles are the best to target.
What are Government Seized Autos?
Government seized autos come from a variety of different sources, however they all have one thing in common. They were all previously owned by a private citizen. In most cases, seized vehicles come from asset forfeiture laws. If a vehicle is suspected of being involved with a crime, then it will be seized by the government. In most cases, the car will be made available to the previous owner, however they must jump through some hoops and fill out all of the right paperwork. This rarely happens which is why so many seized autos are available. In most cases, the crime is something as simple as tax evasion or a drunk driver got their car towed and never paid to get it back. As you can see, in many cases, these vehicles are normally loosely related to a crime at best and circumstances just lead to them never being claimed by their previous owner. This means that seized autos at Irvine government auctions can bea great purchase.
What Are the Benefits of Bidding on Seized Autos
While there are a wide variety of benefits that you can gain from bidding on seized autos at Irvine government auctions, there are a few advantages that tend to be reported the most. The biggest benefit is that you can get a great deal. This not only means saving money on your next car purchase, but also getting a high quality, durable vehicle. Another benefit, if you live in the Irvine area, is that you will be helping out local government services. In order to ensure that police do not seize assets for no reason or for personal gain, all of the proceeds that the government gains from the sale of a seized vehicle will go to predetermine services, in many states a lot of the money goes to the local school systems.
What Are the Potential Drawbacks of Bidding on Seized Autos?
The primary drawback is that you may end up purchasing a vehicle that needs some additional work done before it is road-worthy. Fortunately, every auction has a viewing period that will allow you to take a close look at each vehicle that you are interested in. As long as you do the proper research, you will be able to get a pretty good idea about the condition of vehicle. If possible, always get the VIN number a day in advance so that you can get a history report on the vehicle.
As you can see, as long as you do your research before bidding, there are a number of benefits to be gained from targeting seized autos at Irvine government auctions.