Many people know that government car and vehicle auctions (includes police auctions) are a great place to find highly discounted deals on cars and other vehicles.  Want many don’t realise is the wide variety of vehicle types and models available in great condition that are auctioned off at a fragment of what they are worth. But can you actually by a vehicle in good shape for less then $200?

First let me Donating Cars to Charity: Altruistic or Stupid? Lexus IS 250 Gilmanton WI 54743 explain the reason as to why these cars are sold at such low prices. It’s because the government works under a different set of rules then businesses trying to buy and sell in order to profit. The government generally has little to no direct costs involved in obtaining these cars. In the odd case that it does have costs (i.e. paying back lenders, repossession costs, etc.) the government is Lexus IS 250 Gilmanton WI 54743 not concerned on making a margin such as a car dealership would be. They are simply trying to liquidate their inventory of vehicles, to retrieve quick money and reduce vehicle storage costs.

So where do all these cars and vehicles come from? You’re probably imagining a ‘repo man’ who is stealing back a car that the owner defaulted payments on or a drug bust in which vehicles were confiscated. Congratulations TV has educated you, but they Hustle 101: Learn to Buy and Sell Used Cars for Profit Lexus IS 250 Gilmanton WI 54743 also come from other sources such as government surpluses. This is where government or government agency purchases a new vehicle to perform a project of public service and then that vehicle is no longer required. So when you consider the wide range of sources these vehicles are obtained from it’s not surprising that there is such a wide variety available at these auctions.

Government car auctions are held often in many Lexus IS 250 Gilmanton WI 54743 locations all across the country. They are sometimes held online but I would recommend attending an actual live government or police auction so that you can inspect the vehicle before you decide if it’s what you want and that it’s in the kind of shape you expect. What I was surprised to discover was the number of newer cars in great shape. That is because most of the payment defaults Lexus IS 250 Gilmanton WI 54743 happen in the early stages of a loan. For example, if the car is newer and someone owes more then the car is worth, they are less motivated to make the payments. If the owner is further into paying off the car (car is older) then they have more equity in the vehicle and are more likely to continue payments.

You can find useful information concerning upcoming Lexus IS 250 Gilmanton WI 54743 government and police auctions in your area by browsing through legitimate government auction sites. They provide you with the details you’ll need including where the auctions are, dates, phones numbers, etc. and in some cases provide listings of the upcoming auctions. So how do you know if a government auction site is legitimate?

Because there are so many auction sites on the net I recommend that you check with a Lexus IS 250 Gilmanton WI 54743 government auction review site that specializes in providing free evaluations of these sites. They will differentiate between the sites that have updated and accurate information on auctions listings versus the sites that are misleading and uninformative. Unfortunately I estimate for every 1 good site there are probably 5 that are scams.

In summary, if you’re looking to purchase a new car or vehicle for either personal use or to resell them attending Lexus IS 250 Gilmanton WI 54743 a government auction is a given. Why buy from a used dealership that may have bought the car from a government auction in the first place. Surprisingly the majority of people are still not aware of these auctions because they are typically not advertised.

In answer to the $200 dollar question, I have seen many winter beaters sell for as low as $200 but I personally feel the best values are from Lexus IS 250 Gilmanton WI 54743 the 2-5 year old cars and vehicles in great condition that sell for $2,000-$6,500, depending on make and model.

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