People who want affordable ways to buy cars should think about buying at federal auto auctions. If you do not know much about them, they are definitely worth learning about since these auctions offer some fantastic cars at amazingly low prices. It is not hard to learn how to locate these auctions, look at the vehicles they are selling and see if you meet the buyer qualification requirements.
When a car has been placed in a federal auto auction there are several places it could have come from. The government might have taken it during a legal investigation or the owner may have failed to pay taxes and was required to forfeit their car. Some may have come from financial institutions who are trying to cover the loss of an unpaid loan or mortgage if the car was collateral on the loan.
The result of these situations is that there are cars which you might not be able to afford that are suddenly within your price range. Although it is called a federal auto auction, vehicles such as trucks, vans, boats, RV’s and other luxury vehicles can also be put up on the block. You may notice that many of the buyers are actually used car dealers who are trying to stock their lots.
If you want to find federal auto auctions, the Internet will be your best bet to do so. You may need to register and there may be a fee to participate in some auctions. If you register, you will get the chance to preview the vehicles that are for sale, which can be a bonus if you want to make purchasing decisions in advance.
In order to bid at an auction you need to be a licensed driver over the age of 18. The highest bid will win the vehicle that has been put on the block. If you win the vehicle, you must be prepared to pay for it at the auction site. Most auctions will take a range of different payment options including cash, credit card, cashier’s check or money order. Some may take a non-certified check however there is less chance of this and it is a good idea to have another payment method with you.
Buying a car through a federal auto auction can be an amazing way to get a car you love at a price you can afford.
Don’t spend the money at a used car dealers when you can find a better deal at Federal auto auctions. You will find important information on bargain vehicles at Federal auto auctions.
Tags: auctions, automobiles, autos, business, cars, economy, lifestyle, Shopping
by Baker Vinci
Seized property sold through government auctions and police auctions are a treasure trove for bargain hunters. There is a vast array of goods, new and used, sold at way below retail, sometimes less than 10% of market value!
What is exactly seized property? This is property taken under state or federal “seizure laws”. These laws allow law enforcement agencies to seize property that was used or acquired from illegal activities, was improperly imported into the country, or didn’t have required taxes or duties paid.
If a drug dealer uses the money he acquires from drug trafficking to buy a car, truck, boat, even a house, they come under the “seizure law” and will be confiscated. Furniture, jewelry, art, electronics all can be seized.
The numbers and types of seized property that is sold through government auctions is mind-boggling. You can buy cars and trucks, boats, antiques, jewelry, office equipment, even aircraft. And they can be had for mere pennies on the dollar.
Some of these auction goods are merchandise that was seized by US Customs. The reasons for seizure can be for improper importation or smuggling, or for failure to pay import duties or taxes. Customs will sometimes seize entire cargo containers full of property. Often, these are brand new goods that were headed for store shelves, and are now liquidated through a government auction.
Government auctions and police auctions are carried out separately by hundreds of individual agencies, from federal government agencies like the IRS and US Customs, on down to local governments and municipal sheriffs departments. Each of these agencies will conduct their own auctions, sometimes online, some at specific locations.
How would you actually find all these seized property auction treasures? You can look through individual listings, but since each agency holds it’s own auctions, and change daily, you will miss most of them. A much better alternative is to join a government auction membership site that compiles all those listings together in one place. Since membership sites vary in cost and features, you will want to check out reviews such as those found at Government Auction Site Reviews.
Seized property auctions are vast treasure troves of merchandise. If you are willing to put in a little time browsing through them, you will find literally thousands of “deals of a lifetime” on just about anything in the world!
Tags: auctions, bargains, government auctions, investments, items for sale, police auctions, real estate, seized cars, seized items, seized property, seized vehicles, Shopping, surplus property, used cars
