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Car Auctions - Government Cars - What's the Catch Repo Cars for 90% Off Retail Price ! Seized Cars for $200 ! Are these claims true Government car auctions. Repossessed cars and trucks. Surplus vehicles. Sounds like a terrific way to get a bargain car. How does it work Are these real deals Is there a catch



Government car auctions - In a nutshell

In short, various federal, state, and local government and law enforcement agencies regularly seize the possessions, including autos, of bad people and auction them off. Or they buy new service vehicles and auction off the old ones.These are collectively known as "government auctions."



Banks and lending institutions also repossess property and automobiles from non-paying customers, and sell the goods through auctions.

These auctions are real. They take place almost every day in various parts of the country. In most cases, anyone can attend and participate. And it is possible to find good deals.



Government car auctions - How they work

Government seized-property or surplus auctions are held all over the country at various locations and on various schedules. Typically an auction is held at a particular location on a regular basis - usually monthly or quarterly. Local and national newspapers often have listings and details. Usually these are more than just car auctions. All kinds of property are included.



Obviously, these government agencies and lending institutions are hoping to get as much money as possible for their goods. But bargains can be had. Otherwise, the auctions wouldn't be as popular as they are and no one would participate.



Do your homework. You should always do your homework before you start bidding for automobiles at car auctions. Know what vehicle you want, know its value and knows its history (get a CarFax report using the car's VIN number).



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You should be able to get Vehicle Identification Numbers (VIN) and mileage information from the auction administrators. Further, it's a good idea to have the vehicle(s) inspected by a mechanic, or do it yourself.



Many auctions have a preview period of about two days preceding the auction in which you can look over and inspect the vehicles. However, in most cases, you will not be able to drive the vehicle. And there are no warranties or guarantees, which is no different than most other used-car sales.



What's the catch As we've already mentioned, there are always some risks in buying at government or repo car auctions. However, you can significantly lower your risks by knowing what you're doing, knowing about the car(s) you want, researching your pricing, and understanding how the process works.



If there's a "catch" to government car auctions, it's that there's competition in the bidding. If the car you want is popular and in great condition, you can expect other people, including used-car dealers in many cases, to be just as interested in it as you are. Competition and heavy bidding will drive auction prices up - sometimes beyond the real value of the vehicle. Don't get caught up in the frenzy and overpay. The best bargains are usually on the older less-than-perfect vehicles.



Winning and losing You must be willing to bid and lose in any kind of auction. You must also be willing to bid and win, and be prepared to pay or finance within the required time set by the auction company. You can apply for a pre-approved used-car loan at your bank or credit union.



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www.AutoLackey.com



You can also lease your auction car through the services of Lease Compare. Just give them the information about the car and they'll tell you what it'll cost you to lease it from one of their lease sources.



How do I find government car auctions

You have essentially two ways to get started locating auctions for your bargain car search.



1) First, you can do all the legwork yourself. Contact your local federal, state, and local government agencies to determine if they have auctions, where they are, and on what schedule. Contact banks and financial institutions for their auctions, if they have them. Contact auction companies who handle auctions for banks and other clients.



Some government auctions are regularly announced in national newspapers (such as USA Today) or local newspapers as part of the legal requirements for conducting the auction. These ads usually regularly appear on a particular day of the week or month.



2) The second way of finding government car auctions is through a service that does the legwork for you - for a fee. Fees charged for these services vary, and average about $40. Also look for a money-back guarantee. The companies listed below have an automatic money-back guarantee through the payment service they use - even though they don't all advertise that guarantee.



www.CarLackey.com

www.AutoLackey.com



A list of other services is shown in the right-hand column of this page. These services provide directories of auctions all over the U.S., listing locations, descriptions of goods sold, schedules, and other details.



Don't expect a full list of specific vehicles, descriptions, and prices for each auction because this information changes daily- although some services provide more detail than oth ers.

Be aware that the claims these services make to get your attention are typically more than a little exaggerated. Read their offers carefully to understand exactly what they provide.

Look for companies that provide a money-back guarantee in case you are not fully satisfied with their service for any reason. If you choose to go this route, examine and compare a number of services before you choose one. They are not all the same, although they tend to list the same auctions.



Do not pay extra for "premium" services. This is an extra cost that brings no benefits.



Sincerely,



Lance I. Groom



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