Most everybody enjoys autos. And they're always in search of great deals. Whether it be haggling with a dealership for new cars, or kicking the tires while talking down a used car salesman, people also love deals on cars. Some of the best bargains around can be found when authorities offer impounded cars for sale. That's known as an auction. For those who know their stuff incredible cars are available at incredible prices.
Where do the auctions find the cars? Often the police impound cars that belong to criminals or that were used in committing a crime. Laws are in place to allow authorities to take all the possessions away from drug dealers, for example. That means a lot of cars, often very fancy cars, in the hands of the city or state who wants to sell them for a profit. Tickets also generate a lot of these cars. If the owner doesn't claim the vehicle, or if the fines accumulate to a certain point, the car will be up for sale.
Often the cars are purchased by individuals who sell them for a profit. They might also be purchased and then re-auctioned for a higher amount. It's no matter. A smart buyer can get the car for a song when its up for auction. Don't go in with your eyes closed. Buyer beware at an auction.
The first thing to keep in mind is these cars are generally sold with no warranty. All sales are final and it's up to you to do the homework". That is, in the auto industry, “as is." The seller can even engage in puffery in most states. Puffery is making unspecific claims about the benefits of the car such as “ideal for the daily commute." They might even make claims like “it might as well be new." The law allows quite a bit of latitude on this phrases that imply quality. What they really come down to is “there's a sucker, let's make the deal."
Be ready when attending. Be ready to examine the cars closely. That means attending an auction with an automotive expert if you don't know much about cars. Take advantage of the test drives most auctions offer. There may be bargains when there are impounded cars for sale. However, if great deals were easy to find everyone would have them.