Saturday, June 13, 2009

How to Buy Cheap Cars from Government Auctions (by Emma Drosy)

If you want to know how to buy cheap cars from government auctions, look no further than your own local city. Police and government auctions are held all the time featuring cheap cars that have been repossessed or taken as property of the state. Call you local officials to find out more about how to buy cheap cars from government auctions, such as when these auctions are being held and where they are located. You're bound to turn up some good information. You can also check listings in your local paper, which should carry information about such things.

If you're wondering about how to buy cheap cars from government auctions, then you must already know that buying cars from government auctions is a good way to turn a profit for yourself. You can re-sell these cheap cars to buyers who are looking for used cars for a variety of reasons. If you know anything about cars or work with someone who does, you can even do a little work on the cheap cars, upgrading them and thus upping their re-sell value. When you know how to buy cheap cars from government auctions, there are plenty of ways to make money.

How to buy cheap cars from government auctions isn't the hardest question to find an answer to. The question is how to find buyers from the cars you buy at government auctions? Put up colorful, eye-catching signs on busy roads, and be sure to list your cars in local newspapers and perhaps even on the Internet. There are buyers out there, and the answer to finding them is in advertising. Knowing how to buy cheap cars from government auctions is the first step toward turning cheap cars into great profit for yourself.

If you want to know how to buy cheap cars from government auctions, simply look around. Listen for announcements on the radio. Call your local government office. Check out listings in the newspaper. When you know how to buy cheap cars from government auctions, those cheap cars can become very valuable indeed.

Good luck Buying Cheap Cars from Government Auctions!!
Repossessed Foreclosures: How to Buy Them Dirt Cheap!

Seizedgovauctions.com -- Government Seized Cars and Real Estate!

Car Auctions - 5 Tips For Buying Surplus Vehicles at Government Auctions (by Tim Lee)

Getting good vehicles at discounted prices can be a hard thing to imagine, especially nowadays when the prices of everything are continuously going up.

Getting good vehicles from government auctions is a wonderful option to look at. The government periodically holds auctions to bid off different kinds of vehicles from different sources.

There are vehicles which are confiscated from criminals. Once the investigations are done and the felons are convicted, their confiscated vehicles are usually sold at government auctions. A wide variety of vehicles can be found during these government auctions.

There are also used government vehicles that are auctioned off to the public after the government has offered these vehicles to other states. The used vehicles are auctioned off because of the rising cost of storing these vehicles which the government shoulders.

Here are some basic tips on how to go about buying surplus vehicles through government auctions.

1. Check the affiliation of the auction first

There are a lot of auctions out there that are posing to be legally affiliated with a government institution. To avoid subsequent troubles and to make sure that everything is in proper place, one should check the affiliation of the auction and counter-check it by asking the institution. Caution is very important in participating in such auctions.

2. Check the schedules of the different government auctions

Getting one's hands on a good pick requires some researching and good timing. Remember that there are a lot of other people who are eyeing on these government auctions and being informed is a good way to get ahead.

There are many government auctions which are held by the General Service Administration, the US Marshall Service, the US Postal Service, the Internal Revenue Service, the US Small Business Administration and many others.

One can find good vehicles and other stuff such as furniture, heavy equipment, scientific equipment and yes, even livestock.

3. Don't judge the car by your first impression

Always take in mind that the vehicles that are offered in government auctions have been in stagnant condition for a long period of time. Before the government auctions these vehicles to the public, they are first offered to other states which might be in need of these vehicles.

So if one sees vehicles in fairly bad exterior condition ( flat tires, dusty and rusted hood, and such other similar conditions) one must be able to look forward and see the vehicle after it has been restored.

4. Always consult a price list

One can probably ask for a list of the auctioned materials from the proper authority and make a preliminary research regarding the current price of the said vehicle. One can definitely make use of the web to be able to get an updated price for certain surplus vehicles.

5. Avoid unreasonable price spirals

In any type of auctions, there are bidders who do not know how to play the game. It only takes two bidders to make the price of a certain vehicle to shoot up unreasonably above its current market price. Bidders should always avoid this unwanted spiraling of prices especially if he is on a tight budget.

These are just some practical tips on how to effectively purchase a surplus vehicle from a government auction. The wise always win in auctions, he takes everything into consideration and make the right bids at the right time.

For listings of surplus vehicles, please visit http://www.auto-car-auctions.info/

Police Auctions & Government Auctions Professional Resource Information (by Daniel Holmbeck)

Police Auctions Information:

No, a police auction is not where you go to buy a policeman. Most people do not realize that police agencies, including local police departments, county sheriff departments, as well as state and federal law enforcement agencies end up with a lot of confiscated, lost, or abandoned property. This property ends up in the agency's possession as the result of arrests, forfeitures, and just plain carelessness on the part of the property owner who sets a camera down in some public place and walks away.

Once the agency has accumulated enough property they will hold a police impound auction. The purpose of the police impound auction is two-fold. First, they want to empty out their property rooms which, in the case of some state and federal agencies, may be the size of a warehouse. Second, they want to turn this unclaimed or forfeited property into cash. This cash usually goes back into the agency's budget, but it is sometimes earmarked for the particular government's "general fund". No matter where the money ends up, police auctions are usually a big money raiser for larger departments.

Forfeited Property & Police Impound Auction:

Items that fall under this category are usually the creme de la creme of the police auctions industry. This is where you can find anything from motorcycles and cars, to boats, airplanes, and homes!

Forfeited property is generally the result of drug arrests where it was determined that the seized property was either used in the commission of drug-related crimes, or was purchased with money that was received as the result of a drug-related crime.

When you bid on this type of property at a police impound auction you are agreeing to accept the item "as is". You need to be aware that the term "as is" does not simple refer to blemishes or minor damage. If, for example, you buy property at auction, and that property has tax liens placed against it, you will be expected to clear those liens before you can take rightful ownership. The same holds true for mortgages or car loans.

You can find some real bargains at police auctions for this type of high-value merchandise but you need to perform your due diligence so you don't end up in red ink after the transaction.

Unclaimed & Abandoned Property:

You would be shocked at what kind of property that people either lose or simply walk away from. You would be equally shocked at how many honest people find that property and turn it into the police department. Ultimately, if no one claims the property, and the owner cannot be otherwise be located -- it ends up at a police auction where it is sold to the highest bidder.

Auction Process:

Most jurisdictions have specific laws, or ordinances, that deal with how the auction will be conducted. In almost every instance, the agency that is conducting the police impound auction is required to publish a full description of the items that will be auctioned as well as the date, time, and location of the auction. they will also publish payment terms which may be cash, money order, certified check, or any other payment method that they choose to accept. They will usually also publish additional terms such as how long you have to remove the property form the auction site once you win the bid, plus any legal disclaimers that the lawyers think need to be mentioned. This publication is normally placed in at least one major newspaper that serves the area with in the law enforcement agency's jurisdiction.

The purpose of this publication is first: to notify the owner of the property that they have one last chance to redeem it before it is sold at auction, and second: to generate publicity for the police auction so that it will be well attended.

Depending upon the size of the agency, and the agency's experience conducting auctions, a police auction will either be run by the police department itself, another government agency that is responsible for fiscal matters, or an outside auction company.

The police auction might be held on the steps of the County Courthouse, a room inside of some government office, or a public arena. The location of the police auction depends a lot upon the size of the agency and how much property is being auctioned off.

Some police auctions require that you register as a bidder in advance, while others let everyone and anyone show up at the day of the auction. Bidders are usually allotted time to inspect the goods before the actual police auction begins. You should take advantage of this time because it is a very bad idea to bid on anything that you haven't had time to inspect.

Once the auction starts, you simply bid on the items that you want. Have a budget in mind and don't bid more than you're willing to pay. It's easy to get caught up in the bidding frenzy and end up paying far more than you intended to.

Police auctions can be fun and profitable. Especially police auto auctions. Watch your local papers for announcements, or contact the law enforcement agencies in your area and find out when they are running the next police auctions.

Government Auctions:

Insiders know where to find government auctions to buy homes, cars, boats, airplanes, motorcycles – even furniture, designer clothes and jewelry. The property available for public bidding at government auctions is often surplus goods the government no longer needs or confiscated as evidence in criminal cases. Since government auctions are not well publicized, insiders can buy goods for pennies on the dollar. Whether you want to find bargains for yourself, or to resell your purchases for a profit, government auctions are an effective way to increase your net worth and bottom line.

Own luxury goods at Wal-Mart Prices:

When the government auctions off property, all closing bids are final. Many people attending government auctions for the first time can’t believe the prices! Everything you buy at the auction is yours to keep – no strings attached. With prices this low, it feels like your stealing it – only it is yours to legally keep, courtesy of the government. If you have champagne taste but a beer budget, attend a government auction. Rolex brands have sold for Timex prices. Why buy a Ford when you can buy a Mercedes for the same price? Traveling? Put away your checkbook at the discount luggage store. Go to a government auction and spend the same money for Louis Vuitton or COACH! You never know what a government auction will have, but it can always be yours for a price well below fair market value.

Starting a business with government auctions:

No organization in America buys more office goods than the government. Auctions are how they dispose of surplus goods no longer needed. Computers, desks, office chairs, AV equipment, copiers and trash cans – the government auctions them all off. Conserve your capital for operating cash and profits. Smart business people find the office equipment they need at government auctions. Imagine the thousands of dollars you could’ve spent on furniture and computers while you write out your check for pennies on the dollar at the government auction. Since our government buys the best, you know the auction will be loaded with bargains to keep your business humming along. When you are ready to start or expand your business the smart way, begin your office equipment search here at the auctions.

Making government auctions your business:

After attending your first government auction and experiencing great values firsthand, you may decide to start your own resale business. Many people buy cars for hundreds of dollars and resell them for thousands of dollars. Some people spend a day at a government auction procuring goods and bring them home to sell on their own. E-bay is a popular way for people buying goods at the government auction to resell them right from home. Without a retail store, you can save thousands in business expenses during the year. Your on-line business you can create with government auctions is limited only by the size of your garage! Become a power seller!

You “Don’t Need Experience” to bid at a government auction

If you can hold up a bidding number, you can win at a government auction. Of course, with any auction, you will want to inspect the items you are interested in buying before the bidding begins. If you are interested in a computer, but could not turn it on to see if it worked, how much would a non-working computer be worth to you? Since all sales are final, there are no returns. Avoid disappointment, and don't bid on anything you can’t personally inspect. Government auctions provide amazing values, but don’t lose your common sense in all the excitement. Know how much the property is worth before the auction begins, and your experience at the government auction will be a positive one.

Http://DEAauctions.COM is an unchallenged leader in the Auction information Industry and will transform the way you search & locate the Billions of dollars in property that is auctioned off throughout the country every year.