There are thousands of vehicles seized each year by local and state governments, as well as the federal governments. Many are seized through police action, code violations, criminal court cases, and for not meeting civil court obligations. The DEA, IRS, and even the FBI all have seized vehicles and they must get rid of them somehow. This is done through a government seized vehicle auction.
How Does a Government Seized Vehicle Auction Work?
It’s really very simple. After a specific period of time, the government is allowed to sell a seized or recovered vehicle. The vehicle is auctioned off to the highest bidder at a government seized vehicle auction. The auction can either be held in person or online. Once the vehicle is sold to the highest bidder, payment must be made and pickup is arranged. Once the purchase is complete, the new owner is free to keep or resell the vehicle.
What Kinds of Vehicles Are Available?
You’ll find that most vehicles are about two to three years old. Some will have some minor cosmetic issues and others may have been in an accident. However, most vehicles sold at a government seized vehicle auction will be in very good shape.
There are all types of cars, trucks, and motorcycles available. You can sometimes find vehicles that will sell at a government seized vehicle auction for up to 95% less than their estimated value. Some will even sell for only $100. Imagine grabbing up a newer model car for that amount!
How You Find a Government Seized Vehicle Auction?
Most of the government seized vehicle auctions are not very well advertised and this is one reason the vehicles sell for such great prices. You can try to call the different cities, counties, and state offices to see if they have an upcoming auction, but this could take a substantial amount of time.
One of the best ways to find these auctions is to use a government auction listing website. GovernmentAuctions.org offers information on over hundreds if not thousands of auctions across the United States each month. These auctions are for vehicles, real estate, household goods, and even building supplies. You will also find tips and techniques to help you place a bid, make payments, and arrange for pickup. Best of all, there is a free no limit access you can get with the site.
A Few Final Thoughts
A government seized vehicle auction is one of the best ways to save money when buying a car. You can usually find very detailed descriptions, as well as plenty of pictures of the offered vehicles. This will help you decide if you need to go inspect the vehicle before you place a bid. There are no refunds after the sale, so make sure you are certain you want the vehicle before you bid.
When you place a bid, just sit back and wait. See if you are going to be taking home a great vehicle for a low price!
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