Whenever we need to buy a car, almost all of us go to the nearest car dealerships for new and used cars depending upon the kind of brand and vehicle that we want to buy. However, in case you are interested in buying a second hand or used car, then you are missing an extremely important place for picking up great used vehicles at amazing prices—seized car auctions. Every year, thousands and thousands of vehicles land up with various banks, government and law enforcement agencies in the form of seized goods.
The Internal Revenue Service (IRS), U.S. Customs Service, Small Business Administration, U.S. Marshals Service (USMS), U.S. Department Of Defense, U.S. Department Of The Treasury and the U.S. Bankruptcy Court are generally the agencies which keep on seizing property including cars and other vehicles for various offences like tax and loan evasion or because they have been acquired through illegal means or are owned by criminals. On top of this, police departments everywhere are also involved in seizing cars from criminal elements, which are then auctioned at dirt cheap rates.
Since a large number of vehicles are generally seized by these agencies almost everyday, they are unable to bear the huge costs of inventory involved in storing so many vehicles. As a result, these agencies regularly keep auctioning off these seized vehicles. Seized cars are auctioned off at extremely low prices, even less than 20% of the real value of the vehicle since the aim of the auctioning agency in this case is not to make any kind of profit but to avoid incurring maintenance and storage costs.
Therefore, if you want to buy a good used car at a low price, then government seized car auctions are not to be missed. You can get to know about when and where such seized car auctions will be held in your vicinity by contacting the above mentioned government agencies, through newspaper ads or by checking out internet sites that provide information related to car auctions.
You can land a great deal at seized car auctions and this is especially true if you are a luxury brand fanatic but are unable to afford your dream car because of a limited budget. Since a lot of the people from whom cars are seized—conmen, mobsters, dons and tax evading rich businessmen—do not move around in less than grand sedans and fast sports cars, you have the perfect opportunity to look for Mercedes, BMWs, Audis, Jags, Cadillacs and Porches in seized car auctions. To top it all, these cars are generally available at a fraction of their real cost, so you might just be able to take home your dream car at a previously unimagined price.
The tip to getting a good deal at a used car auction is to keep your wits about you and not to get carried away. Do your homework about the cars you want to bid on, inspect them well during the preview and get their history through their vehicle identification numbers. Keep your highest bidding amount fixed and do not exceed this in any case. If possible, visit a couple of auctions to observe the proceedings before you go to one as a customer.