Are you thinking about buying at a police seized
car auction? This article is designed to provide you with the details
on how police car auctions work and how they can get you the best deal
on car for the help
www.auction-entrepreneur-kit.com.
Specifics may vary from auction to auction; however, the following
information includes helpful and important guidelines from which
everyone can benefit.
Police car auctions are one of the best places to
pick up a used car. Many people think that the only vehicles available
at police car auctions are actual police cars. Well, they're right -
but only partially! In addition to surplus vehicles that have been used
by the local police department, police car auctions may also feature
cars that have been seized due to asset forfeiture.
Asset forfeiture is the confiscation of assets (by
the police department) that have been associated with a crime. The
assets can be vehicles, real estate or currency. A federal law, passed
in 1986, encourages police agencies to seize assets as a way to deny
drug traffickers their profits.
What does this mean for you? Well, eventually
these seized vehicles end up at a police seized car auction, where you
can pick up a nice used car for much less than you would a private
party or a dealer! The auctioneer sells the car to the highest bidder
and the proceeds go to the police agency.
Police seized auto auctions take place in cities
across the United States. Some are held on a regular basis, as big city
police departments seize many vehicles; others are held less frequently
in the case of smaller police agencies. In some states, cities or
counties will collect all police seized vehicles and have one large
annual auction.
Regardless of the frequency of the police auto
auction, you can usually find the event in the local newspaper or
published on an online auction site that works with the police
departments in your area. The advertisement or listing will give the
date, time and place of the auction as well as a list of the cars that
will be auctioned off. They may also give a date in which interested
parties are invited to inspect the cars so that they can make decisions
about what to buy and how much to spend.
Inspecting cars being sold at a police seized car
auction is a must! Cars sold at police seized auctions are sold "As-Is"
with no warranty or guarantee for the help www.mining-auction-gold.com.
In an "As-Is" auction, there is no warranty on the merchandise and the
bidder is responsible for removal from the auction location. This means
that the bidder must rely on their own inspection and knowledge to make
bidding decisions.
In addition, even though the car was seized by a
police department, the original financing company may still have a lien
on the car. When you buy a car at a police seized auction, you may have
to make arrangements to pay off the finance company. You can find out
what the protocol is ahead of time by checking directly with the
auction company.
If you're in the market for a good deal on a used
car, it's definitely worth your time to see what's available at your
next police seized car auction.
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