First things first. Have you heard of Government Seized Car Auction?
Maybe you did, maybe you didn't. But I guess you might have read about it on the advertisements on Google. Most of them would probably say "Buy Cars from $200" or "Buy Seized Cars 95% Off". And the best part is, most of the cars are "Almost-new", just like brand new. With the price tags off.
Too good to be true?
No, it isn't. In fact, it is true. Government Seized Car Auction do exist. And the claims of buying some almost new cars from $200 are definitely a true story (Of course you wouldn't find a Ferrari at $200, but any car at the price of $200 is definitely a steal).
Why the cars are so cheap? This MUST be a scam!
No, it is not. Well, it's hard to believe that you could buy a car from $200 do you? Yeah, I find it hard to believe myself at first, but, oh well. The Government Seized Car Auction is there. And it's true.
The reason:
" Every day thousands of Americans default on their car loans or lease payments... as a result, their new or almost new cars get repossessed by the financial institutions and auctioned off in a hurry, because the cost of storing the cars outweighs the banks' ability to try to make the lost money back (same with police auctions, etc.). Consequently, lucky people who have access to direct sources to Seized Car Auction where the cars are being sold would find themselves overwhelmed by dirt-cheap offers that look unbelievable to the average car buyer. This is real and is being taken advantage of by many car dealers. " -Taken from Auction-Review.org
So, why haven't everyone buy from the Government Seized Car Auction instead of the old fashion buy-from-car-dealers?
The answer is obvious. They don't know about it. And so do you. Government Seized Car Auction is a very protected source of revenue for the majority of car dealerships and is not advertised to the general public. No one knows about this. You're lucky enough to get a hold of this information.
But, knowing about this information is not good enough. Okay now you know the existence of Government Seized Car Auction. But, do you know where to find it?
You can try going to the Government office and ask about it. And that would be a pretty hard task.
Another way is to join a Government Seized Car Auction program/auction website which had obtained the information and access rights to be able to let each of their member access to all those undisclosed Seized Car Auction. The best and by far the easiest way.
Okay, okay, yeah I know it's cheap. But how do I know if the car being auctioned are not damaged / of low quality?
You can always check the vehicles first before bidding. Most of the Government seized car auctions also offers a complimentary free CarFaxVIN report before you start bidding. And, before you ask, there are absolutely no hidden fees, except for the standard fees such as title and registration. Just like buying a new car. Except you bought it at a Seized Car Auction and you only paid peanuts for it.
But what if the Government Seized Car Auction Program Membership is not good enough for you?
Well, almost all Government Seized Car Auction (that I know of anyways) have "no-questions-asked-money-back guarantee". You have nothing to lose! If you're not satisfied, you can always ask for your money back (within the period given, usually between 1 to 2 months, long enough for you to check out for your brand almost-new car).
And, what if they are really a scam and they won't be giving you your money back?
Alright. So what I suggest is to find a Government Seized Car Auction Program which receives transaction through Clickbank if you are worried about scams. Clickbank is a globally trusted company for verified and secured online transactions. Any company/website using Clickbank have been thoroughly checked for scams and each of them must fulfill the requirement of having a 100% money back guarantee or else they are not eligible to use Clickbank. So, probability of scams are around 0%. If they do scam you, well, they'll be facing a very, very heavy penalty.
Okay, so what are your recommended Government seized car auction programs?
Too many to be listed here, but I suggest you to visit Auction-Review.org . They have short listed the four best Government Seized Car Auction Program available for you. They also made a review and listed down all the benefits of joining each one of the Government Seized Car Auction Programs.
So, if you do want to buy some serious car at a seriously ridiculous price, find a Seized Car Auction. And I definitely recommend you to join one of the Seized Car Auction Programs reviewed at Auction-Review.org to get the upper hand while searching for you "almost" spankin'-new car!
Government Seized Car Auction
Seized car auctions or government car auctions are hot spots for anyone looking to buy a repossessed or seized car at dirt cheap prices. These auctions can offer you a used vehicle in good condition for as little as 80% off the retail value and even $100 in some cases. Thousands of automobiles are seized everyday through the different seizure and surplus laws by government agencies and made available to the public through seized car auctions.
Government Agencies that Offer Seized Cars for Bidding
Seized or repossessed cars are put up for sale by government agencies like the General Services Administration, the Internal Revenue Service (IRS), US Marshals Service (USMS), US Customs Service (USMS), Small Business Administration, US Department of The Treasury, Homeland Security, Department of Defense Reutilization and Marketing Service (DRMS), Department of Agriculture (USDA), US Department of Defense (DOD), Department of Energy (DOE), State and Local Police departments, US Bankruptcy Court and so on.
Types and Makes of Repossessed or Seized Cars Available at Such Auto Auctions
SUVs, sedans, trucks, specially-fitted patrol vehicles and other kinds of automobiles are available for bidding at these auctions. Do not be surprised to see different car makes including luxury brands both Japanese and Continental at these places. Car makes like Honda, Nissan, Toyota, Lexus, BMW, Mercedes Benz, Acura, Cadillac, Infiniti, GM, Ford, Chrysler and even top of the line wheels like Ferrari, Maserati, Porsche, Lamborghini and Aston Martin can be found at a small fraction of their original prices.
Many of them fall below the 3 year old mark and have covered mileages of less than 35,000 miles.
Why are Cars Seized by the Government and Sold Cheaply in Auctions?
There are various laws governing the seizure of vehicles including anti-mob laws and tax laws. Some of these cars are seized from drug and criminal syndicates. Others belong to folks who default on tax payments and these are normally acquired by the IRS. Yet there are others who are caught in bankruptcy suits that led to the eventual surrendering of their automobiles to the government agencies.
Everyday, thousands of cars end up in seized car auctions because the government agencies do not wish to waste money in maintaining them. Huge storage spaces as well as the depreciation of these used cars make it more imperative for them to auction the repossessed vehicles at depressed prices.
Who Can Take Part in These Seized Car Auctions
Until recently, many people do not know about these auctions. For a long while, these auto auctions are privy only to used car dealers. So these businessmen have been keeping mum about it and quietly profiting from them.
Seized car auctions are either closed or open. Closed auctions are open only to those who have an approved license to bid, while others are accessible to the general public. As long as you are above 18 years of age, you can purchase a repossessed used car at the auction.
Do not envy those who are driving cool sports convertibles when you can drive one home today. See my blog to learn more about these seized car auctions.
Davion Wong Wong has sinced written about articles on various topics from Beauty Tips, Car Auctions and Car Auctions. Davion is crazy about fast cars. Uncover useful tips on seized car auctions such as where to find cheap seized car auctions near your home at his wildly succe. Davion Wong Wong's top article generates over 246000 views. Bookmark Davion Wong Wong to your Favourites.
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