As mentioned, the fuel costs, taxes and all the expenses on up keeping with the installment can be unaffordable to some folks. Tax evasion or other seizure laws could lead to these cars being seized by the government. The government then auctions these cars away to the public. Some of these cars are only a few months old and definitely feels and look new. So if you do not mind a second hand car, then government seized car auctions are great hunting grounds to buy a new car.
The selection of vehicles available at government seized car auctions can be wide. And those who know what these auctions can offer are the first to rush down. The bids start very low and often, you can see price tags at up to 90% off the retail showroom price. In other words, you may get an almost new car at $2000 if the original retail price $20,000. Used car dealers would hang around at these auctions and often buy a few cars to be resale for high profit margins.
There are not many people who really know much about government seized car auctions. They either do not know where or when it is taking place. Yet, the fact is they are ongoing in different states throughout the year. So, if you are one of those who managed to find out more, you are in a better position to bid for your dream car. Whether you are buying a car for personal use, or buying to resell later, these auctions can offer some of the best deals. Do not waste your precious time dealing with dishonest or sweet talking used car dealers.
At the government seized car auctions, you are allowed to view those vehicles on auction and perform some physical checks. So be sure not to miss out checking on the hood, inside the car, the VIN# before bidding starts. If you like what you see and have done the necessary checks, go ahead and bid for it. But be sure to know what your limit is. Never engage in a bidding competition with another person if you are unsure of how much the car is worth.
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