1. Do your homework first by bring along your Kelly Blue Book. The idea is to buy a car at a price lower than the blue book price.
If you arm yourself with this information, you know more than other bidders and you would know how much the auto is really worth unlike them.
2. Be early for the government seized auto auctions. Being punctual alone is still not good enough. The reason why you need to be early is to have the lead time to view and select the cars you wish to bid for. Then, carefully inspect each one of them to see if they are in a good condition. Always perform an Autovehicle history check ie Carfax report to see if the car has a bad history.
3. The price you are bidding is not all you have to pay at the government seized auto auctions. Always find out before hand what is the buyers premium you have to pay on top of the winning bid. This is normally less than 10% of the winning bid. Do not start complaining that you do not know. You are reading about it now!
4. Prepare yourself well by getting a vehicle inspection checklist ready so that you do not miss any crucial step in the inspection. Remember that you are buying the car in its “AS IS" condition.
5. Be sure to check the VIN numbers on the trunk, hood, doors, dashboard etc. Make sure they tally. If they vary, what it means is that there is a possibility that the car was assembled with parts from different cars. This insinuates that the car is either a stolen vehicle or it has been involved in a serious accident. This raises big red flags. Avoid at all costs!
Many car buyers go into government seized auto auctions blindly and make some rookie mistakes. Even if you are a first-timer, knowing these 5 tips already make you an expert and give you an edge over your other competitors. In any case, make sure you check out my car blog for more tips and the secret of how to locate the nearest government seized auto auctions near you.
Government Seized Auto Auction
Wondered why people can afford to buy high end vehicles like BMW and Mercedes? Seized auto auctions could be where they have bought their flashy cars. While there are always the wealthy who can afford to buy brand new cars from the showroom, not everyone can afford that. But yet, every driver hopes to be able to drive a high performance car like the filthy rich. Seized car auctions can offer such deals for you at incredibly low prices, sometimes as low as 90% off.
The cars that are on auction at these seized auto auctions are as the name suggests, seized by the government from criminals or law breakers who have one way or another broken the law. Some are drug dealers, while others are tax evaders and even some crime syndicate members. These cars are recovered during the enforcement blitz or from other means. You can find top of the range autos like Mercedes, BMW, Lexus, Porsche and so on. All of these are sold at depressed prices below the blue book prices because the government agencies are not willing to spend money maintaining and storing them.
A lot of times, the cars at seized auto auctions could have low mileage and are in good shape. So do not presume that since they are used and cheap, they must be in bad condition. However, be sure to note that such good condition vehicles would be hot favorites among bidders at the auctions. While the winning bid may exceed the starting bid by a few hundred dollars, it is still much cheaper than paying for a similar second hand car at the car dealership.
One advantage for those who buy their autos at seized auto auctions is that not a lot of people are aware of the auctions. Those used car dealers would often have some insider information about the auctions even before the common folks. This is how they are able to grab great bargains and resell the cars quickly for almost double the profits.
Be sure to always look at the VIN numbers of the cars you are interested in bidding. Run a check for more information of the car history ie whether it has been involved in a major accident, how many past owners and so on. Get a friend who is good with cars, or a professional car mechanic to come along with you to the auctions.
With a little bit of chance, you can find your dream car at the seized auto auctions. You can really save a stack of money from buying there than going to the sweet talking second hand dealer. Find out from my car blog how the second hand dealers get wind of the auto auctions earlier than you and beat them at their own game to grab your choice automobile.
Davion Wong Wong has sinced written about articles on various topics from Beauty Tips, Car Auctions and Car Auctions. Davion is crazy about fast cars. Uncover useful tips on such as where to find cheap seized car auctions near your home at his wildly succe. Davion Wong Wong's top article generates over 246000 views. to your Favourites.
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