Police Auctions - How to Source Seized Cars for under $500
Looking to purchase a cheap seized car at Government auctions or police auctions? This article will provide you with tips for beginners when it comes to using Government auctions to get vehicles inexpensively. After you read this article, you will be able to approach government auctions intelligently.
The first thing you need know is that all cars sold a government auctions are "as is". What might seem like a deal could end up costing you money if it has a mechanical failure or major flaw. In order to avoid this, you must learn how to recognize if a car is good or not through careful inspection.
It's not like going to a car lot, where you can take the car for a test drive. You cannot test drive cars at Government auctions. The closest you can get is to listen to the engine. That's why you need to learn how to appraise a car by inspecting it, or getting an expert to go along with you to inspect it for you.
Avoid bidding on cars if you don't already know their value. Have an expert upraised the car, or consult the Kelley Blue Book.
Next, inspect the contract before you enter into it. Some contracts have a specific number of days you have to wait before you can get the title. Keep this in mind if you're thinking about turning around and selling the seized car right away. Sometimes it is the waiting period that negates the great deal you're getting on price.
Remember that these are auctions and other people are bidding also. Make sure you bid carefully, and don't get caught up in bidding wars.
Many car dealers attend these government auctions as well. Be careful when you bid against them, as they almost certainly know the precise value of vehicles they are bidding on.
Spend some time looking at online auctions. Websites like Government Auction Site Reviews can show you the best government auction websites. Perusing these sites will help you be more confident at the auctions. - 20759
The first thing you need know is that all cars sold a government auctions are "as is". What might seem like a deal could end up costing you money if it has a mechanical failure or major flaw. In order to avoid this, you must learn how to recognize if a car is good or not through careful inspection.
It's not like going to a car lot, where you can take the car for a test drive. You cannot test drive cars at Government auctions. The closest you can get is to listen to the engine. That's why you need to learn how to appraise a car by inspecting it, or getting an expert to go along with you to inspect it for you.
Avoid bidding on cars if you don't already know their value. Have an expert upraised the car, or consult the Kelley Blue Book.
Next, inspect the contract before you enter into it. Some contracts have a specific number of days you have to wait before you can get the title. Keep this in mind if you're thinking about turning around and selling the seized car right away. Sometimes it is the waiting period that negates the great deal you're getting on price.
Remember that these are auctions and other people are bidding also. Make sure you bid carefully, and don't get caught up in bidding wars.
Many car dealers attend these government auctions as well. Be careful when you bid against them, as they almost certainly know the precise value of vehicles they are bidding on.
Spend some time looking at online auctions. Websites like Government Auction Site Reviews can show you the best government auction websites. Perusing these sites will help you be more confident at the auctions. - 20759
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For a Free review of the best government auction sites check out government auctions reviews or more specifically click Seized Cars
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