Some really lucky individuals could find themselves purchasing the car of their dreams for less than half of what they would have paid at a regular automobile dealership. Prior to attending seized car auctions it is wise to spend some time in preparation. Governmentauctionsukcom Governmentauctionsukcom Review Review first of all you should have several types of vehicles in mind that you might be interested in and you should do some research so that you know the fair market value of each before you attend. It is also wise to go to at least one used car auction as an observer before you actually start getting involved in bidding.
You will be happy to have browsed slowly and found exactly what you were after. 2. Validate/verify the online car auction site. Why? As with many things these days not all of them are authentic. The best resources such as ones mentioned in this article should be verified with a simple call to your local gov.
After all these auctions are held at different levels of government in different places. Try to find the ones that receive less foot traffic. There’s a much better chance of winning a bid if you’re only one of a few people at the auction.
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Being in this kind of situation you are likely to make hasty decisions and end up regretting the car that you have in the end. Here are some things that you should keep in mind to make sure that you get a good buy that is exactly what you need and not just what you want. 1.
Vehicle Abuse/Reliability: If the police seize a vehicle it typically means that the person on the other end of the deal was irresponsible in some way do you think that it is likely or unlikely that the irresponsible party properly maintained the vehicle prior to it being seized by the Police? It is likely that the vehicle in question was not properly maintained the Police may have had it dressed up prior to auction but how was it treated prior and for how long was the vehicle service neglected? 2) Service Records: Time stamped service records are extremely unlikely to be available for these Police seized vehicles so you have to hope that they were somewhat maintained according to suggested manufacturer regular service intervals while privately owned. The pre-auction inspection may turn up no smoking gun however the problems that failure to maintain a vehicle can produce can happen down the road so be careful here my recommendation is that youdon’t bid on vehicles if you can’t confirm that they were properlymaintained. 3) Title History: In this case you must secure reliable car history
from a trusted source before you even think about bidding on a vehicle at a Police auction.Unlike at Government car auctions Police auctions don’t normally offer up a free Carfax report so you will have to pay for this on your own. It is much more likely that Police seized vehicles have re-built titles which will automatically drop the price of the vehicle by 30-50% if you are not aware of this prior to bidding it could be very bad for you if you plan on turning the vehicle you’ve just purchased at Police auction around for a profit…Fact: Online car auctions are here to stay. When online car auctions first appeared in early 2000 most people made it out to be just a phase and the latest ‘fad’ that will soon pcar. When eBay launched their online car auction sites everybody started looking towards online car auctions with a much greater interest.