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Local Seized Car Auctions
FAQ
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Question: What are Seized Car Auctions?
Answer: In short, various federal, state, and local government and law enforcement agencies regularly seize possessions, including autos, 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 in a hurry, because the cost of storing the vehicles outweighs the banks' ability to try to make the lost money back (same with government auction)
This is real and is being taken advantage of by many car dealers. They take place almost every day in various parts of the country. Consequently, lucky people who have access to direct sources where the vehicles are being sold would find themselves overwhelmed by dirt-cheap offers that look unbelievable to the average car buyer.
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| Question: So why are most people buying cars the usual, 'going to the dealer or classified ads' way instead of this incredible way?
Answer: Because, knowledge is power, in this case, money. Most smart car dealerships actively source out these unadvertised auctions because it directly generates high revenue for them. And because this information is so hard to find, they never reveal their sources. However, we have managed to hunt down a huge collection of information and access rights to let our members enjoy a multitude of direct sources, allowing you could find your next vehicle with up to 90% savings off the book value.
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| Question: I prefer online auctions to the traditional "bid-on-the-lot" kinds. Are there such auctions for seized vehicles? Answer: Yes, there are. The demand for online access to the vehicle listings and ability to bid and buy online is increasing. Our members get complete access to these sources.
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| Question: Are the traditional auctions complicated?
Answer: No. They are quite simple, in fact. An example of a traditional auction process:
You go to your local-area seized car auction early in the morning and inspect the cars on the lot that are up for bidding that day. Later in the day, the auctioneer announces the lot number and describes the vehicle, announcing everything they know about it, whether good or bad. Then the bidding starts. Most cars would start at $100 - $200 and if there is small number of attendees on that day (we have so many sources it almost guaranteed that you will have almost no other bidders), you bid on the vehicle you want to buy at a ridiculously low amount and after the auction is over, you go over to the cashier clerk to pay and collect your keys!
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| Question: Can I check the VIN of the car that I like?
Answer: Yes. Most auctions provide CarFax™ VIN reports on the day of the auction.
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| Question: When I buy a car through these sources, what hidden fees are there?
Answer: There are no hidden fees.
List of fees:
* Luxury tax would have been paid by the first owner. |
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