Looking for a Car? Find it Through US Government Auctions!
edited: Tuesday, January 19, 2010
By John E Neyman, Jr.
Rated "G" by the Author.
Posted: Monday, January 18, 2010
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Do you want to purchase a car of your own but you want it to be as cheap as possible? Well then, better take your chance at the US government auctions!
Do you want to purcahse a car of your own but you want it to be as cheap as possible? Well then, better take your chance at the US government auctions!
A Look at the Government Car Auction
The vehicles being auctioned are those cars that have been taken by different government entities such as the IRS, FBI, USMS, US Customs Service, Small Business Administration, US Bankruptcy Court, US Department of Defense, DRMS, DOE, USDA, and many others.
You might be asking why they get repossessed, right? Well, for your information the repossession materializes because of the owners' illegal activities or criminal offenses. These car owners normally fail to settle their auto repayments or evade paying their taxes. Such are some of the solid grounds for the government to seize their vehicles. Also, some of the cars on bid are the unused or old government vehicles.
Great Auctions, Great Bargains
Why are these cars on sale at about 40% or 70% cheaper than the original selling price? This is a matter that truly needs to be cleared out. The government auctions are far different from the normal selling schemes of the typical car dealers. The latter sells cars to heighten their revenues whereas the government sells the seized vehicles for the purpose of getting an inventory and avoiding the continued storage cost. The storage cost gets larger and larger the longer that the cars stay under their care. Hence, they resort to quick, easy, and cheap selling.
The price of the car on auction depends on how many buyers are interested in it. The more parties placing their bids, the higher the selling price goes.
Starting the Auction Right
Since not all of these auctions get to enjoy mass advertisement, it will be practical for you to locate the private auction houses that are involved. You can dial the numbers of those that are found in the yellow pages and make your inquiry.
Take time to go to the office of the auction house and see if there is something that interests you. You can look into the listings provided too.
Take note of the time and date of the bidding process. Of course, you must set your budget.
It will be wise to be an observer first so as to ensure that you learn all the necessary techniques in bidding.
The US government auctions are the best chances for you to get hold of a cheap yet quality car. So, why not start your research now? Through the internet, you can search these auction venues. Just be creative in your search.
For more information go to http://www.gov-auctions.org/?hop=oceanpower