When looking for a mini van or something a little more sporty, a place you might not think of to find a good deal would be a government auto auction where you can bid on vehicles seized for various reasons. Sometimes you can find many of the higher end cars such as, Mercedes, Bentley, Porsche, and many more. It is possible to get an expensive car for a fraction of the cost.
Here is an example. Today a 2004 Bentley with a mere 32,000 miles, top of the line condition, interior and exterior was put up for bid. Two days remained for bidding with a deposit of $10,0000 starting bid and there had been no one interested enough to bid on this car. This car had been on the site for three weeks and there were no bids at all. This just goes to show you there are many people who do not know this site exists. Therefore they are missing out on the deal of a lifetime. The chance to pick up a car that you would love to have but could never afford can be realized here.
The following will give you a few ideas about government auto auctions:
- Government auto auctions are the easiest way to pick up an expensive car for pennies on the dollar by being the highest bidder. There are no outstanding loans on the car. The government sells them to pay for the legal action they have against the criminals who are charged with dealing drugs or other serious offenses.
- These government auto auctions can be found in many different places all over the United States on a regular basis - weekly, daily, or monthly - often they are online auctions. Some of these cars are in very good shape, with low miles. The criminals are not considering the seizure of their cars, so they are sometimes the best sports car you can purchase.
- The automobiles are normally ones that have been seized by the DEA, Coast Guard, and US Marshall's for drug or criminal violations.
- These auctions can include very high profile cars such as Mercedes, BMWs, Lamborghini, and many other sports cars that can be purchased for far less than the book value, which is affordable for most.
- Government auctions can have just about anything up for grabs - houses, ATV's, motorcycles, and boats. This can be a great addition to the sports car that you purchased.
- There will be a day set to inspect the merchandise for sale at these auctions before the date of the actual auction. This allows you to take your mechanic to check out anything you may be interested in before the bidding starts.
- The money to purchase the automobile you bid on must be in place ahead of time. The auction normally will ask for a bidding deposit, such as the above. If cash is required there are still options for borrowing the money.
- This is the way many people purchase their first sports car. It is used but in very good shape most of the time. The government car auctions have many autos so you may have a normal car in mind but end up with a luxurious high end car instead.
- The savings can be astronomical!
Visit us for the best free guides, advice and tips on how to find great deals on used sports vehicles or for more information on auctions take a look at the ever popular Auction Blog.
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