More and more people get to hear about government seized auto auctions. There are different points of view on these auctions as well as there are plenty of myths surrounding them. Lack of truthful information is the main reason why these auctions are still not widely known and sometimes raise doubts and apprehensions.
What are the most talked about misconceptions about government seized auto auctions?
1. All repossessed vehicles were seized from law breakers
It is quite sad that people have the thinking that the vehicles sold are all repossessed from criminals. In actual fact, a large number of them actually belong to people just like you and me. Bad times may have hit the owners and they are unable to service their loans, hence the seizure.
2. The seized vehicles are usually in a pathetic condition.
It is very rarely that you will find an auto in a really bad condition. Most of them are in good running state and some are even nearly new! There is simply no connection between "seized" and "bad".
3. It is impossible to get a history report.
Government seized auto auctions do offer history reports and Car Fax VIN reports free. You can also approach them if you want further details about the accident records.
4. Government seized auto auctions are "closed" auctions.
While it is true that some of these auctions are only for professional car dealers, the major part of them are open to a wide public. You may or may not need to register prior to being able to make a bid. Generally, any adult with a valid driving license can participate.
5. Inspection prior to bidding is disallowed
Government car auctions generally do let potential bidders to inspect the vehicles before the bidding commences. This can range from hours to days before the actual bidding. Do read the auction rules for clarification.
6. Really good vehicles can't be sold cheap.
If you think this statement is true, then it can stop you from giving government seized auto auctions a try. While good condition ones do cost more, still the price depends largely on whether there are competing bids or not. The initial bids are always low since the auctioneers are keener to clear their stockpile of cars than to profit. This explains why you can drive home a sport convertible or luxury auto at up to 95% off its original price.
Now, you are in a better position to make the right buying decision. Start searching instantly at my site for ongoing government seized auto auctions near you.
About the Author:
Find your dream car through seized car auctions today. Also, read this popular article on seized car auctions.
0 comments:
Post a Comment