Buying A Car At A Government Vehicle Auction
A government auto auction is a great resource to find and purchase a good car at a low price. However, you need to know that in most of the cases the cars do not come with warranties. Some of these cars may have been used aggressively by their previous owner(s) so we advise you to be very attentive when searching for the right car.
Still, buying a car at a government vehicle auction can be exactly what you need and if you do it through online auctions, it will be a piece of cake. You will have no problems with the process if you have used eBay or any other auction sites before. The United States government relies exclusively on www.gsaauctions.gov to conduct its online auctions. The website works just about the same as eBay Motors, but you’ll have to have a credit card in order to complete the transaction. When you decide to bid on a car, take into consideration the location of the vehicle before placing a bid. These cars may be situated anywhere within or outside the US.
Another great source where you can get a car is from the IRS auctions. The Internal Revenue Service commonly sizes cars and trucks to settle tax disputes. These vehicles are listed by the United States Treasury Department at www.ustreas.gov/auctions/irs – you’ll have to register and pay with a credit card.
All of the states in the US host local auction events, and some of them have an online government auction website. You should check with the official website of the state you live in to see if there are any auctions available.
If you happen to be a part at one of those government car auctions that hasn’t been widely publicized, you will be able to get a car at a very low price, since few people will be there to bid against you. Buying a car at a government vehicle auction at a very low price requires some detective work in order to find out the info on the local government auto auction, instead of waiting around until for the ads.
While most of us attend to these auctions to get a reliable car for the family and to save a couple of bucks, there are many people who turn huge profits by participating at these auctions, grabbing all the deals they can and then turning around and selling these cars at their used car dealership for even twice the price (or even more) they’ve paid at the auction.
Dealers that take part in these auctions and buy lots of cars should not be considered bandits. One of the most important things people fail to realize, a thing that we’ve mentioned in the beginning of the article, is that all the cars are sold without any type of warranty, or in the “as is” condition, and that all of the sales are absolutely final.
For the dealer that buys a great number of cars from these auctions for the dealership, it means that there will be a percentage of the vehicles that will require a considerable amount of repair before they can be resold for a profit. Most of these dealers that buy such cars have a team of mechanics that can deal with such problems, so in some ways it can be better that the car dealers get these vehicles that have hidden flaws because they can fix them more easily in comparison to us, the average consumers.
If you know your way around a car, buying one from a government vehicle auction can save you a lot of money, but if you don’t know anything about the mechanical workings of a car, it would be best to start searching for one elsewhere because you can end up with a lemon car.
You need to know that in order to buy a car at an auction like this; you must be at least 18 years old and have a valid driver’s license. Some of the auctions are restricted to licensed car dealers, but most of them are not. A considerable proportion of these government vehicle auctions have a preview period of approximately two days preceding the auction in which you can inspect the cars. The bad news is that in most of the cases, you will not be able to drive the cars although you can start them and check them thoroughly.
A positive aspect of these auctions is that usually you do not have to pay any registration charges or buyers fees. You’ll have to pay only the price of the vehicle, that’s it.
All things considered, buying a car at a government vehicle auction has its ups and downs, it is up to you to decide whether you want to buy one or not.
Source: www.gsaauctions.gov | www.ustreas.gov/auctions/irs
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