Local car auctions: are they scams or can we in fact find high-quality bargains with police seized auto events? Regrettably we have been conditioned to be disbelieving of newspaper advertisements and postcards in out mailboxes from the auto industry. There is no doubt that we don’t have confidence in anybody or anything associated with the auto industry. All the same, many individuals have been raving about local car auctions which feature reposesed automobiles from the IRS, DEA, US custom agents, police, and other law enforcement agencies. At first people are leery of local car auctions because the price is so low, and they believe that the condition of the vehicles may be poor.
Local car auctions present seized vehicles up for bid to citizens. Obviously, these automobiles were involved in some sort of illegal activity or were not being paid for; however, that does not mean that the automobiles are necessarily in bad condition. At worst it could mean that the automobiles from local auctions have been in a storage lot for a few months. That should not be a deal breaker when you think about it, though. All vehicles sold at local car auctions are sold “as is”, of course. Yet other places may have 30-day auto warranties that you can obtain or some policies are available at individual local car auctions. If you compare the automobiles from local car auctions to other types of auto bidding places, however, you can see that the quality of automobiles from local car auctions is not bad. This is because salvaged automobiles are not offered at police seized local car auctions. And the hitch with salvaged automobiles is that they have been flooded wholly and you would need to pump a lot of cash to renovate it. This is the major reason why bargain hunters check out police seized lots over salvaged auto lots.
A great suggestion from practiced auto bargain hunters is that you should scrutinize the vehicle in person; this fact gives local car auctions the advantage over websites similar to ebay or craigslist, in which the auto consumer is in the dark. Thanks to wireless laptops, Wi-Fi netbooks, and 3G cell phones, you can look up a vehicle’s history while you are at local car auctions to get an immediate check. You can buy with confidence and security at local car auctions if you have the facts and information that you get from physically inspecting the vehicle and performing a VIN check.
Here is another local car auctions word of advice: do not overbid. For example, as a good rule of thumb, make your max bid 20% less that the current black book vehicle value, and never pay retail for any vehicle up for grabs. Remember the goal is to get the best arrangement at local car auctions not to drive the bid price too high. You can be smart and wait for the right vehicle at the right time. That is why it is important to have the right tools at your disposal, such as a database of opportunities in your region.
