subject: Things To Know About Government Car Auctions [print this page] True or false government car auctions are easy? False, many things go into understanding these auctions. For instance they are normally held in different locations and at various times. This is to keep the consumer on their toes by having you pay for the key to them. Auctions used to not be open to the public and only private parties were given the key. But any resourceful person can now show up. But first you should learn what you are doing first.
Finding the closest one to you is the first thing to do. And you need to understand that every auction house comes with its own set of rules and guidelines for bidding. So don't jump in without picking up a working knowledge of how they do their business. Once you are comfortable with how much you understand about their process, that's when you can be comfortable with bidding on the cars you like.
There are many bad people out there in the world. And they must pay for their crimes. That is how merchandise for government auctions is acquired. From people who decide to sell drugs to those who run from tax obligations. And let's not forget about those who over step their financial abilities and the bank wants what's theirs.
Again knowledge is power. Researching an auction house will give you that power and let you use it for good. Knowing where items were is a big part of that. A majority of auctions are legitimate but you get some that are shady. They will try to sell cars that are new on the outside but broken on the inside. So knowing car histories will allow you to avoid the bad apples.
Knowing is half the battle. In this case knowing what you want is half the battle. When deciding to go to auctions to obtain your next vehicle take someone who will help you know your car. Not all auctions are straight and narrow. They will try to get one over on you. You will want to avoid these. Most reputable government auctions will allow you to test the merchandise. Attend those you won't regret it.
Some more important facts about government car auctions are that many of the auction houses have higher premiums that they charge the buyers than others do, and that it can be a sizable amount, especially if it catches you unaware. It's worth your while to find out about these before attending the auctions. You need to be aware of the buyer's premium amounts so you can figure that cost into your bidding.
