Pay 28 Below Your Local Car Dealer At Government Car Auctions

Pay 28 Below Your Local Car Dealer At Government Car Auctions

Every year, millions of​ quality vehicles are indeed sold via Government car auctions. These take place where Government and​ other related organizations sell cars that have come to​ them for​ various reasons and​ which they need to​ “dispose” of​ quickly. These vehicle auctions are open to​ the​ general public. Another advantage of​ these car auctions is​ that the​ prices are often set to​ a​ “no reserve”. in​ fact recent figures show an​ average 28% below dealer recommended prices being achieved at​ Government car auctions. This represents substantial savings for​ the​ average person.

Many have heard of​ these auctions but there is​ still some confusion what cars are actually sold via these car auctions. Here follows a​ list of​ the​ main categories of​ cars that come up at​ these auctions;

1. Repossessed Vehicles
If a​ person or​ a​ company is​ unable to​ meet their financial contract payment dates or​ conditions, even after being given grace time, the​ finance company will repossess the​ vehicle at​ the​ cost of​ the​ contractee. These vehicles are sold as​ quickly as​ possible due to​ depreciation and​ cash flow reasons and​ are often “dumped” as​ no reserve listings.
2. Seized vehicles
Thousands of​ quality vehicles are impounded each year for​ several reasons. Many due to​ offence related matters. These vehicles may be deemed to​ be “seized” for​ various reasons and​ these vehicles are “disposed” off via Government auto auctions. Importantly, many of​ these vehicles are sold at​ no reserve limits. There are many genuine sales each year where BMW’s and​ other luxury cars are sold up to​ 90% off estimated market value.
3. Fleet cars
Cars, and​ trucks that were driven by government officials, even police cars will be sold at​ the​ vehicle auctions when its time to​ vehicle to​ be replaced for​ the​ latest year model. Many times these vehicles are in​ prime condition, well maintained and​ under factory warranty. These vehicles are already written off and​ are many times sold at​ no reserve.
4. Surplus vehicles
When during the​ government and​ police auctions, we find surplus vehicles up for​ grabs, these are often specialized vehicles that were used by various departments. Again, these vehicles are already written off. and​ since they are often highly customized, with expensive options, there is​ no tangible market value. They offer a​ great opportunity for​ companies to​ make great bargains.

5. End of​ Financial term vehicles
People often take vehicles on lease for​ a​ fixed duration, and​ when this ends, they will return the​ vehicles to​ the​ financial institutions which in​ turn sell them via car auctions just to​ cover the​ write off value. This value is​ often much lower than then real value of​ the​ vehicle.

Due to​ the​ nature of​ these vehicles they represent a​ large volume of​ vehicles never found at​ your local car dealer.

Learn more at​ - the​ Largest US Government Auction Listing Service.

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