government car auction – Buying a Car From State Government Auctions
State government auctions are great places to find cars, especially when you want to save money and still have a luxury vehicle. Each year, thousands of vehicles are confiscated or repossessed and sold for a fraction of their value at auctions that are held by banks, police departments and federal institutions like the IRS and the FBI. These tips will show you what you need to do to find the car of your dreams at a state auction.
Basic Information
Typically, you will wait for several months for state government auctions to be held. In some counties across the nation, only one auction is held per year. You can find the schedule for your local area auctions by checking online, or by contacting a local chamber of commerce or police department. These official county departments should be able to direct you to the next auction in your local area.
You will also need to have a legal driver’s license and be at least eighteen to purchase a car from a state auction. Your local auctions may have slightly different regulations, but you will have several days before the auction to prepare for any other types of documentation or fees needed to participate in the auction.
Choosing Your Car
When you attend a state government auction to purchase a car, you will definitely want to arrive a couple of days before the auction to look at the cars that are being sold. This will allow you to check the car’s engine and other features before you purchase it. Even though most of the cars that are sold are in good working order, there are no warranties or refunds on the vehicles so it is a good idea to make sure you are happy with the car before purchase.
Most state government auctions will not let you test drive the vehicles, although you may bring in anyone you like to look the vehicles over to ensure they are running properly. In most cases, however, you will be pleased with the overall function of vehicles sold by state governments. These are cars that have simply been confiscated, whether due to back taxes or a host of other reasons.
How Much Will I Pay?
When you buy cars from state government auctions, the prices will very depending on the car that you want and how much the starting bid is. Some cars, especially older models, will sell for much less than you would expect. Other cars, such as luxury automobiles that are in high demand, will sell for a significantly higher price. In order to get the best price on the vehicle you want, you can take the time to research the options.
Remember, a car that is in excellent condition is worth far more than one that is in need of repairs. Some interior damage may be found in cars that have been seized by police, but this minor damage is simple and inexpensive to repair. More important concerns should be the motor and transmission, which can take several thousand dollars to repair even when doing the repairs at home.
Search through our listing of thousands of state government auctions that appear daily. In addition, find out more on government auctions near and out of your area by going to our site.
By Jayson Park
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