Free Car Tips

Repossessed Car Auctions sell to the highest bidder, and it can be a incredible way to get a cheap used car for a quarter of the price. It is well known that second hand car dealerships purchase cheap used cars at government auctions and then sell them for enormous profits. That is why second hand car dealers can offer “finance to anyone”. Often they have so little invested in the car, that they can afford to make the profit off of the value difference and the financing mark-up.

Second hand car dealers don’t want the general public to know that they buy their cars in this manner. Often it is possible to find out the history of the car by the vehicle ID # and you can do the research and look up the Kelley Blue Book value, or your bank will often look it up for you. The second hand car dealerships will be at the auction and will more than likely have a blue book with them, or they have already inspected the used cars they plan to bid on, and know how to get a steal on them, at what price. They may outbid you if they know the wholesale value and condition of the vehicle and you don’t.

On Repossessed Car Auction vehicles, most times there is a loan that is small in comparison to the book value of the vehicle. It could have been repossessed due to default on a government secured loan, such as a Small Business Administration (SBA) that was personally guaranteed or Internal Revenue Service (IRS) debts on unpaid taxes that have gone to judgment and seizure through court, so they are selling assets to reimburse the government, they are therefore bound to sell to the highest bidder, whether it be a second hand car dealership or YOU!

The Government Car Auctions are held at various locations throughout the United States, and online. Some vehicles come from DEA, US Marshall and Coast Guard criminal or drug related seizures. Cars from government fleets that are a couple of years old, with service records, may also go up for auction at the same time. Many times the government no longer want fleet vehicles more than three or four years old, since that is when most used cars need more frequent maintenance. The government will usually keep fleet vehicles maintained on a regular basis up to the point of auction.

Government Car Auctions and Repossessed Car Auctions arrange inspection times prior to the auction. Take your mechanic with you, if possible, it is usually only for a one day period, for a few hours. Some vehicles may have known defects listed, but regardless, once you have won the bid on it, it must be removed. It is best to have cash available as most auctions do not arrange finance. We do, however, have options available to assist you with finding a car loan. Repossessed car auctions are still a great way to get a quality used car at a quarter of the price you would pay at a second hand car dealership if you were in the market for a used car.

Visit us for 95% off on repossessed cars.

Auto Insurance Quotes | Cheap Auto Insurance Rates | Auto Insurance Estimate | Free Auto Insurance Quotes | Low Cost Auto Insurance | Georgia Auto Insurance | Auto Insurance Comparisons | Low Auto Insurance Quotes | Auto Car Insurance Quotes | Auto Insurance Quote