When one thinks of choosing a car, the nearest display is the place wherein you will always think of. While you enjoy watching the nearest display, there is always one thing that would make you discourage of getting it, that is the price. Unless if you have enough cash to purchase the car of your choice, you might end up only dreaming for the car you want to get. However, if you take a thorough searching, you can find that there are lots of places offering wheels at an affordable price. These affordable priced vehicles can be found only at the auction sites.
Most of the auctions are privative. Only certain individuals, like the large car dealers and those engage in buy and sell, can gain access to these auction sites. But most people might be not aware of the fact that the state has its own auction. These state initiated auctions are free to the public.
Every year, thousands of cars are being auctioned by the state. These are seized cars from law breakers and tax evaders, idled government cars and police cars, and customs seized cars from illegal smuggling. From luxurious SUV’s to old modeled vehicles, one can always find a variety of cars to be bid in every state car auctions.
Finding the site where state car auctions are held is one of the first things an interested buyer must do. State auctions are usually published in newspapers and some car magazines. Local government agencies also post some announcement in the public bulletin board. But with the advent of the internet, auctions site are readily available with information on the cars being traded. However, an extra care must be made when using the internet. Some of the sites that might publish government auctions are fraud especially when they offer advance payment and some other unknown charges for the interested buyer. Confirmation either through phone call from the nearest government agency or visiting an official website to get some information can be done to avoid being victimized by these online swindlers.
If one has already found an auction site, the next thing to do is to register immediately. Considering that these auction sites are open to the public, other interested buyers might be crowding to the nearest registration secretariat. The good thing about registration is that it is for free. Other non-state initiated auctions usually have registration fees to be bore by the interested bidders. The state has only one goal of starting these auctions, which is to dispose these cars, the soonest possible in order to avoid any consumption of space by storing them as well as to generate additional revenues. Once registration is done, the bidders will be given a registration card with their number. This number act as identification during the bidding process.
Every government public auction has some catalogue of cars to be bid on the day of the auction. The catalog includes information such as the model of the car, the year of its release, and most of all its mileage (which is very useful in evaluating the condition of the car) and the VIN or the vehicle identification number. By providing this information, the potential buyer would have forethoughts on the car he intends to buy.
Almost every state auction has a previewing of the cars prior to the date of the auction. In this way, the bidders will have the chance to see their car of choice. Bidders can also rev up the engine cars so that they might be able to listen and evaluate its engine.
It is also a wise thing to do for a bidder to make alternative choice considering there will be a lot of competition when auction day comes. With a variety of cars for grabs, bidders have to consider other choices of cars he would intend to buy in case his car of choice would be chosen by the other bidder who willingly pays high for the said car.
Auction sites are usually set up in lanes. Each lane is being facilitated by personnel and ringmen. While one might wonder if there would be any bias, public auctions are usually off limits to relatives of the employees who are involved in the auction site. During the bidding process, representative from government services will be present to supervise the auction process. In this way, a watchdog will be on guard to make it sure that there would be no unwanted events that will happen.
An auctioneer will usually open the bidding of the vehicle. When the bid starts, the announcer will be starting to announce the lowest bidding price. A bidder must raise his hand in case he is interested to the price. Then the announcer will increase the bidding price by $ 100.00. If a bidder is interested then he will raise his hands. The process will end until there would be no one interested in the highest price. The highest bidder will win the vehicle.
The winning bidder must be familiar with the terms and condition before receiving the won car. These terms and conditions can be claim against the state in-case there would be one arising in the future. While the payment only consists of the purchase price plus the applicable tax, the bidder must see to it that he will be paying based on what is required by the state auction committee. The state has the right to get back the vehicle in case the bidder cannot fulfill his payment obligation.
Familiarizing with the government initiated bidding is just an easy way to go before one would raise his first bid. In this way, one might get a lucrative vehicle at the very low price.