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Automobiles Auctions   >   Articles   >   How Government Auctions Work

   
 

How Government Vehicle Auctions Work


As explained in our article What Are Government Vehicle Auctions, government auctions are auctions used by the government to sell unwanted vehicles. These vehicles can come from two sources:
  1. Firstly, they are used to sell vehicles which have been previously used in government service, but are now being retired. These vehicles are often only 2 or 3 years old, and are usually well-maintained, although sometimes they may have high mileage.

  2. Secondly, they are used to sell vehicles which the government has obtained through "surplus and seizure laws" Very often these are vehicles seized from criminals, and can include vehicles seized or impounded by state or local police, sheriff departments, IRS, Border Control, DEA, FBI, etc. Since these vehicles come from many different sources, their types and condition can vary widely. However, in nearly all cases, the government agency has obtained these vehicles for free, and will want to dispose of them as quickly as possible for the best price they can get right now.
A key point to understand is that although there can be bargains to be found in government auctions, there also can be lemons. Thus, if you want to get value for money from government vehicle auctions, you need to know what you want, know what you're bidding on, and use good judgement.


Step 1: Finding Government Vehicle Auctions

Government vehicle auctions are held in all 50 states of the United States. You can monitor the local press or contact government agencies to find such auctions, but the easiest way is to join a government auction members' site.

Members' sites are independently run sites which list government vehicle auctions, and often provide search facilities to make it easier to find auctions in your area. Usually there is a membership fee associated with joining one of these sites, but compared to the cost of a vehicle, the costs are modest.


Step 2: Registering for Auctions

Many auctions will require potential bidders to register prior to the auction taking place, so once you have located auctions that you are interested in, the usual next step is to register with the auction.

There may also be a fee associated with registering to be a bidder in a particular auction. You will of course only want to pay to register at those auctions which you are seriously interested in attending or bidding on.


Step 3: Checking the Vehicles

Before bidding on any vehicle it is a good idea to know as much as possible about the vehicle and its condition. That way you will know if it is really a vehicle that you wish to purchase, and how much you would be prepared to pay for it. You might also come across some vehicles which superficially look attractive, but turn out to be poor choices on closer examination.

If possible you should inspect the vehicle in person before bidding. If you are not especially knowledgeable about automobiles, then perhaps you could take a more knowledgeable friend with you to look at the vehicle? You may find a guide like How to Inspect A Used Car to be helpful. Additionally, if seriously considering purchasing a vehicle - it's probably also worth checking on the vehicle's history using online services - VinAudit.com provides vehicle history reports with over 60+ problem checks (based on access to a database of over 40 million records from state DMVs, junk yards, and insurance carriers)..

In some cases, vehicles may only be sold online, and it might not be possible to inspect the vehicle in person. In this event, you will need to read all the descriptive material as closely as possible, examine any photographs offered, check the vehicle history, and make a considered judgement about the risks of purchasing the vehicle.


Step 4: Preparing to Bid

One thing you need to know before bidding on any vehicle is how much you are prepared to spend. Set yourself a maximum figure before the auction and stick to it - that way you won't get carried away by the excitement on day!

Make sure that you take into account any other amounts that might apply (for example, sales tax), and choose your maximum bid accordingly.

Finally, before attending the auction, you should also take care to read the paperwork requirements for the winning bidder, so you don't have any problems with completing the purchase.


Below are some books about government auctions.

From Amazon.com

Here are some books from Amazon.com:

Disclosure: Products details and descriptions provided by Amazon.com. Our company may receive a payment if you purchase products from them after following a link from this website.

Government Auctions: Cars, Foreclosed Homes and Surplus Sales
By Kathy Moore

CreateSpace Independent Publishing Platform
Paperback (64 pages)

Government Auctions: Cars, Foreclosed Homes and Surplus Sales
List Price: $24.97*
Lowest New Price: $20.81*
Lowest Used Price: $21.96*
Usually ships in 24 hours*
*(As of 23:59 Pacific 24 Jun 2017 More Info)


Click Here
Product Description:
People are always looking for the best deal on any of life's necessities from shoes and socks to the latest to the latest tablets or laptops, and they spend hours scouring various sites on the Internet and clipping coupons or filling out surveys or whatever else is necessary to save a few dollars on groceries and other necessities. Typically, people only think about saving on everyday items like groceries, and generally they only associate auctions with the Internet or a weekend in the country buying antiques and collectibles, but they don't do associate auctions with buying important items like houses and cars. That is until now! This handy little guide is going to teach you all of the insider secrets that "they" don't want you to know about government actions, where you can find foreclosed homes and cars and trucks an absolute steal for years now individuals in the know have been using government auctions to find houses and cars fixed them up and flip them for profit, and they would prefer that these auctions stay secret, because they want to keep all the good deals for themselves. Not only can you find houses and cars and government auctions, but you can find boats, motorcycles, skateboards bicycles, blenders and just about anything else you need or could ever want in a fraction of the price! This guide will teach you how to spot the best deals. How to place a proper bid, as well as teaching you about the legal procedures in license fees that may be involved with acquiring certain items such as a home or vehicle from a government auctions by the time you're done with this book you will have a doctorate in government auctions, and you will be one of the insiders getting the best deal on everything including your first home or car!
How to Buy Cars & Trucks, Vans & SUVs at Wholesale Prices From Government Auctions
By James W. Furr

CreateSpace Independent Publishing Platform
Released: 2006-07-06
Paperback (102 pages)

How to Buy Cars & Trucks, Vans & SUVs at Wholesale Prices From             Government Auctions
List Price: $16.00*
Lowest New Price: $8.00*
Lowest Used Price: $770.44*
*(As of 23:59 Pacific 24 Jun 2017 More Info)


Click Here
Product Description:
Buying government vehicles at wholesale prices can save thousand$. Anyone can armed with the information revealed in How to Buy Cars & Trucks, Vans & SUVs at Wholesale Prices From Government Auctions
'How to Buy Government Seized Vehicles Repossessed Homes and Surplus Property'
Auction Buyers Hot Line, EE Inc
Paperback
Lowest New Price: $19.99*
Lowest Used Price: $4.99*
*(As of 23:59 Pacific 24 Jun 2017 More Info)


Click Here
Product Description:
"BMWs - Cadillacs - Mercedes - Porsches - Chevys - Fords Plus Trucks and Vans For As Low As $100!"

Related Links


Here are some related links and websites:
  • Check Your VIN
    Offers vehicle history reports complete with over 60+ problem checks for a one-time fee of $12.99 per report.
    (Advertisement)

  • How To Buy Cars At Auctions
    With The Present Economic Crisis Theres Never Been A Better Time To Buy Cars At Auctions! This Website Will Provide You With The All Tools You Need To Benefit From The Thousands Of Vehicles Being Sold At Rock Bottom Prices At Auctions.
    (Advertisement)

  • Inspect Before You Buy
    ASE Certified Automotive Technician Teaches You How To Properly Inspect A Used Vehicle.
    (Advertisement)
Here are some related pages on this website:

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