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Unclaimed Stolen Cars Are Resold Legally At Newark Police Auctions

Similar to many other cities around the country, unclaimed stolen cars are resold legally at Newark police auctions.  This can prove to an excellent opportunity because many people overlook these types of auctions.  Sometimes these auto auctions only have unclaimed stolen cars and sometimes they also have impounded vehicles which often also go unclaimed.  Newark poses a unique opportunity for these types of vehicles and great deals because there are more of these types of cars available than many people would expect.  In order to get a better understanding of this situation, here is a quick look at why Newark is a unique situation and what to expect from it.

What Makes Newark a Unique Area For Unclaimed Stolen Cars?

There have been a number of economic revitalization projects over the past decade, however that hasn’t been able to compensate for the flight of the middle-class since the 1960 riots.  In total, this accounted for a population drop of more than 100,000 over 30 years.  Along with more people leaving, the average income per household continues to drop.  During this same period, several key crime statistics have been increasing – most notably car theft.

For a long time, Northern New Jersey was considered to be the car theft capital of the entire world.  When compared to the population, the rate of car theft was higher than cities like LA and NYC.  In 2006 alone, Newark motor vehicle thefts totaled just under 600.  This means that per 100,000 people, just over 500 of them had their car stolen.  Fortunately, in 2009 and 2010 several key initiatives were passed to help curb the problem.

Today, New Jersey as a whole has shown marked improvements in the area of car thefts, with the state average dropping by 80% over the past 2 decades.  At the same time, the more populated areas like Newark are still considered to be high risk areas.

Why Are Unclaimed Stolen Cars Resold Legally At Newark Police Car Auctions?

When a stolen car is recovered, the police attempt to notify the previous owner.  At this point, the owner has the opportunity to get their vehicle back.  Many people wonder why owners leave their stolen cars unclaimed.  There are actually several reasons for this.  The most common reason is that the stolen car was recovered by the time that the previous owner replaced it.  This means that the owner doesn’t gain much by going through the paperwork and paying the fees associated with getting their old car released.  In order to reclaim a stolen car, it requires a lot of paperwork that needs to be filled out and processed, plus the owner would have to pay for the towing and storage fees for the vehicle.  These fees come from the recovery of the car and the storage until the car is released.

Another common reason why owners leave their stolen cars unclaimed is that it isn’t in very good condition.  In most cases, the only problems will be cosmetic, but it makes the car look at lot more beat up than it really is.  If the owner has already replaced the car, then they may not want to pay to repair the cosmetic damage.

The owner can take three possible actions.  The first is to reclaim the vehicle.  The second is to immediately tell the city that they don’t want it and the third is to simply not respond to the police when they find out that their car has been found.  If no action is taken or if the owner states that they don’t want the car anymore, it is up to the city to keep it housed somewhere.  This ends up costing them additional money.  To recoup these expenses, the city will hold a series of police departments every year.

How to Benefit From Unclaimed Stolen Cars Resold Legally At Newark Police Auctions

There are several different ways that you can benefit from these types of police auctions.  The biggest benefit is simply the savings.  You can get a great deal on a used car that is still reliable.  In most cases, any damage on the vehicle will be purely cosmetic.  This means that you can drive the car as soon as you buy it, it is road-worthy.  If you want to pay for repairs, it is entirely optional.  This is the perfect place to get a second car, everyday car, or the first car for your teenagers.  Overall, if you have a limited budget, then this is a great place to start your search.

Another huge benefit of Newark police auctions is the variety that you will get access to.  With most government auctions, you will see a large number of the same type of vehicle.  This is because these auctions tend to be dominated by fleet vehicles.  At a stolen car police auction, there is no telling what will be there.  If you have already looked at the more traditional fleet auctions and haven’t found what you are looking for, then stolen car auctions should give you the variety that you want.

It is important to keep in mind that sometimes it can be difficult to find these types of auctions.  This isn’t because they aren’t around, but because they aren’t advertised the way that you would expect.  A lot of time, the Newark police department will try to combine unclaimed stolen cars with the abandoned vehicles that they need to sell as well.  In most cases, the abandoned vehicles have either been left to die in the street or were towed by the city and never claimed by the owner at the impound.  If you keep an eye out for police auctions in general, then you will likely get access to unclaimed stolen cars, even if the listings don’t say that it is what is available.

Unclaimed stolen cars resold legally at Newark police auctions offer a lot of benefits, regardless of what you are in the market for.  They will help you save money, while still getting a reliable vehicle.  In most cases, the only potential repairs that are needed will be entirely cosmetic, which means that you never need to make them if you don’t want to.  This means minimal risk and maximum potential gain.

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