Government Car Auctions Exposed

Revealing what government car auctions really are is called exposure

. These auctions are typically very secretive about when and where they are held. Even though it is known that they exist, people who wish to attend one of these auctions don't know where to find them. The cars displayed at the auctions are typically ones that are confiscated from drug dealers or repossessed from people who haven't been able to pay the loans on their cars or who owe Government taxes. The most common source for cars to be auctioned off at such auctions is from the police impound.

When they hold these government car auctions they use the money from them for prosecuting the offenders. Sometimes it may go to pay back the victims. Mostly it goes into the coffers of whatever government held the auction, be it local, state or federal. The good thing about these government car auctions is that sometimes you really can get a great deal on a great car. The real trick is getting the information about when and where the auctions are going to be held. That's why many times this information is 'for sale' and not available to just anybody.

Some of the places that want to sell you information about government car auctions are nothing more than scams. The best thing to do is to find a site that will let you access the information FREE. It may seem like they don't want people to find out about them, but when you think about it, why would they not. They want to sell the cars, so why wouldn't they want plenty of bidders who will push the prices up? The only people who want you to think it's some sort of inaccessible secret are the ones who want to sell you a list.

You can find government sites that will let you in on information about more than just government car auctions, but real estate auctions, and general merchandise auctions as well. You'll find that there are 3 federal agencies involved with these government car auctions. The U.S. Marshals Office is one, the Treasury Department is another, and the General Services Administration is another. They usually contract the auctions out to private auction companies. This is when you're likely to have buyer's fees involved.

The Internet has become the most popular way to search for Government car auctions. You will be able to locate information on when and where these Government auctions will take place as well as being able to bid on these auctions online. More information can be requested by calling the Consumer Information Center in Pueblo, California at 1-888-878-3256. Other resources include local bulletin boards, newspapers, and magazines.

The information provided will pose to be very useful for revealing what Government car auctions are really about. Most of these car auctions require you to register with the company before placing a bid. In order to register and obtain a "bidder number," you must show a photo ID. Once you register you will also receive a program list of all the items being sold at the auctions. Preview shows typically start before the actual auction; take this time to really look at the inventory being auctioned off. This, however, does not pertain to online auctions. For winning auctions of $5,000 or less, most auction companies require payment before the end of the day. For auction transactions of more than $5,000, most auction companies will only need a deposit to secure your winning bid. Getting familiar with the rules and guidelines of the auctions you attend is extremely important as each auction company operates differently.

by: Huzaili Aris

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