How to Take Advantage of Government Seized Cars at Auctions
Times are tough and the economy is on a nosedive.
Vehicles have not been spared by the soaring prices these days.
A typical household cannot afford even mid-range vehicles since their price tags have also gone through the roof.
Be that as it may, people simply can't afford to go about their daily routines without having their own rides.
However, you can snag one at a reasonable price at government seized car auctions.
Unless you've been living under a rock, you may have heard about them.
Have you? Anyway, the cars are usually seized by federal agencies or repossessed by banks from clients who failed to complete payment for their vehicles.
A lot of folks are defaulting on their loans and while this is an unfortunate event for others, it opens a great opportunity for you to acquire a car without breaking the bank.
Most government seized cars are only a couple of years old so you are likely to find most in good running condition.
The government is trying to get rid of them to cut its losses and recoup some cash.
In most cases, the vehicles are sold by as much as 90 percent off the original price! Sounds good? Read on for some helpful tips on how to take advantage of government seized cars.
First, make sure you check the local newspapers, community forums, websites and official government sites offering schedules and specific locations of seized car auctions.
Such auctions are generally open to the public, but before going to one, try to understand how the auction works and how to participate.
You will make a bid, and the key here is to have ample cash on hand to back it up.
You also need to come early, prior to the official start of the auction so you get to inspect the cars that are up for grabs.
Once you're at the site, check the cars very carefully.
Look for dents or any defects on the paint job as well as potential problems with the chassis and engine.
In case you're not really knowledgeable about car engines, the best thing to do is to bring along an expert mechanic to inspect the car for you.
Take note of the mileage and be on guard against welding marks which are indicative that the vehicle was likely involved in a crash.
Check for water damage and as much as possible, stay clear of vehicles that have been through a flood.
Check the transmission, oil and brake fluids and make sure that they are in their correct levels.
If the auction organizers allow, test drive the car.
It is a plus if you can get at least a three-month warranty.
If you believe that a specific car suits your needs and preferences, then make an offer and try to negotiate the final price.
Overall, government seized car auctions are excellent places to get pre-owned vehicles that are in good shape and at amazingly low prices.
Vehicles have not been spared by the soaring prices these days.
A typical household cannot afford even mid-range vehicles since their price tags have also gone through the roof.
Be that as it may, people simply can't afford to go about their daily routines without having their own rides.
However, you can snag one at a reasonable price at government seized car auctions.
Unless you've been living under a rock, you may have heard about them.
Have you? Anyway, the cars are usually seized by federal agencies or repossessed by banks from clients who failed to complete payment for their vehicles.
A lot of folks are defaulting on their loans and while this is an unfortunate event for others, it opens a great opportunity for you to acquire a car without breaking the bank.
Most government seized cars are only a couple of years old so you are likely to find most in good running condition.
The government is trying to get rid of them to cut its losses and recoup some cash.
In most cases, the vehicles are sold by as much as 90 percent off the original price! Sounds good? Read on for some helpful tips on how to take advantage of government seized cars.
First, make sure you check the local newspapers, community forums, websites and official government sites offering schedules and specific locations of seized car auctions.
Such auctions are generally open to the public, but before going to one, try to understand how the auction works and how to participate.
You will make a bid, and the key here is to have ample cash on hand to back it up.
You also need to come early, prior to the official start of the auction so you get to inspect the cars that are up for grabs.
Once you're at the site, check the cars very carefully.
Look for dents or any defects on the paint job as well as potential problems with the chassis and engine.
In case you're not really knowledgeable about car engines, the best thing to do is to bring along an expert mechanic to inspect the car for you.
Take note of the mileage and be on guard against welding marks which are indicative that the vehicle was likely involved in a crash.
Check for water damage and as much as possible, stay clear of vehicles that have been through a flood.
Check the transmission, oil and brake fluids and make sure that they are in their correct levels.
If the auction organizers allow, test drive the car.
It is a plus if you can get at least a three-month warranty.
If you believe that a specific car suits your needs and preferences, then make an offer and try to negotiate the final price.
Overall, government seized car auctions are excellent places to get pre-owned vehicles that are in good shape and at amazingly low prices.
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