How Do Government Car Auctions Benefit Buyers?

How Do Government Car Auctions Benefit Buyers

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Government car auctions are known for cheap repossessed, seized, and surplus vehicles. Many interested buyers who are not familiar with how auctions work wonder if there are any catch behind this deal. Auctions are done annually and sometimes monthly in different parts of the country. The federal, state, and local government departments are responsible for these auctions. Most of these cars were unclaimed or seized by these local government agencies. The General Service Administration, the Homeland Security, the FBI, the US Patrol, and the Department of Treasury are some of the agencies that take charge in these auctions. There are some local and country law enforcement groups that are also involved. Oftentimes, the military also hold auctions for second hand trucks, vans, and cars. Each year, government car auctions are held all over the country. It is held in different locations and different schedules. There are auctions that are held at a single location regularly. Usually these auctions are held annually, monthly, or quarterly. These auctions are usually listed in local and national newspapers. These auctions have all kinds of vehicles and models from convertibles to coupes, SUVs, minivans, and vans. These agencies are selling these vehicles to make as much funds as possible. But the prices in these auctions are a lot cheaper compared to most dealerships. The reason is that these cars need to be sold or these government agencies have to use funds for its storage and upkeep. To participate in these auctions, a buyer has to be at least eighteen years old with a valid driver's license. There are auctions that are open only for licensed car dealers. But most of the time, they are open to the public. For interested buyers, these auctions provide a two day preview period. While it is not allowed to drive the vehicle around, starting them is acceptable. Most of these government auctions do not require registration fees or other charges. Whether brand new or second hand, there are no guarantees in any car purchases. That is why most people who are interested in buying a car from an auction, dealership, or car distributor bring technicians with them. It is guaranteed, however, that government car auctions are worth the try and the investment. What a buyer needs to do is learn more about the model he or she is interested in. This way it is easier to know what to look for during the actual auction.

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