Government Seized Auto Auctions - Misconceptions Can Cost You!

Different people have differing opinions about government seized auto auctions. Quite often, there seems to be an air of mystery about such auctions. In most cases, folks do not know enough about these events so much so that they have doubts and are unwilling to check them out. Myths and rumors aside, these auctions can really offer an excellent hunting ground for anyone looking to buy a car at huge discount.

Some of the more circulated myths among people about government seized auto auctions:

1. All repossessed vehicles were seized from law breakers

It is quite sad that people have the thinking that the vehicles sold are all repossessed from criminals. In actual fact, a large number of them actually belong to people just like you and me. Bad times may have hit the owners and they are unable to service their loans, hence the seizure.

2. Seized automobiles normally are in poor condition

Again, let us break this myth once and for all. You would hardly find a repossessed vehicle in such bad shape. On the contrary, many are in excellent working condition if not near new. Some of them are only a few months old!

3. There are no records of the vehicle history

Government seized auto auctions usually provide free records of the vehicle history and Car Fax VIN reports. If you need more details about the accident records such as the extent of damage and repair, some auctions also provide the added service.

4. Government seized auto auctions are “closed” auctions.

Wrong! While there are private auctions that only allow car dealers to participate, majority of them are open to the public. Registration may or may not be necessary. And they can be free to enter as well. But you do need to display your driving license.

5. Inspection prior to bidding is disallowed

These government car auctions generally allow participants to view and check the automobiles hours before the auction. Some even let you inspect days earlier. In any case, do verify the period in the auction rules.

6. Really good vehicles can’t be sold cheap.

The condition is not the only determinant of the price. The amount of competition also influences the price. What this means is that you still can find good vehicles in tip top condition at 80 to 90% discount if there are not many competing bids. Luxury and sports cars have been sold at record low prices frequently. The automobile prices start low at all government seized auto auctions. This is understandable since the organizers are more concerned with clearing their stock.

Wait no further and seize the opportunity to purchase your dream car from government seized auto auctions. To find out where and when they are happening, check out my auto blog.