How Do Government Car Auctions Operate?
Government car auctions are held in various locations and at different times of the year. In most cases though, it is regularly held at various intervals – such as annual or quarterly basis. It is often a go-to event for those interested to purchase second-hand vehicles in good running condition for a bargain price. In fact, those who manage to look around the showcased vehicles at the auction well enough get to enjoy some major steal.
But what is it about government car auctions that auto consumers flock them? It is an auction that showcases nearly all types of vehicles imaginable, whether you want to get an SUV, sedan, minivan, pickup truck, or convertibles. These vehicles are repossessed by the government due to various reasons such as tax evasion, failure to pay installments, or vehicles involved in serious crimes. Although these automobiles that are featured in government auctions are pre-owned, you can also find ones that have been used for a short period of time and are there as good as new.
There are two types of government car auctions that consumers can check out: live and online auctions. In a live auction, you must attend a specific venue where the auction is held and you can physically examine the vehicles you want. Online auctions have only been introduced by the government recently to enable more people to access the vehicles they want. However, if the auction is held close to where you live, then it is recommended that you join the live auction so you can see the actual vehicle you are about to purchase.
Anyone aged 18 years and above with a valid driver’s license are qualified to buy vehicles at the auction. One benefit to attending government car auctions is that consumers are not charged with registration or buyers’ fee. The only cost involved here is the payment for the vehicle you have purchased at the auction.
Another common dilemma for those who are interested to partake in these auctions is the lack of knowledge when it comes to locating them. You can perform manual search by contacting each of the individual offices for the local government to get the information you need. You can also perform research online via auction directory services to see if any auctions are listed in your area. There are certain charges that apply when conducting search for these directories but if you want to save time and money in the long term it should be worth it.
Make sure you have scanned through your options well at government car auctions before agreeing to buy or bid. If possible, determine a budget before you even arrive at the venue since you can get overwhelmed with the number of vehicles on display.…