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Government Car Auctions: The Best Way To Buy A Cheap Used Car Safely
Government car auctions are not new, but it was not until recently that most Americans discovered them. Due to the crisis, the number of vehicles sold at these auctions has peaked, with bids of 10% or less of the cars' value in some cases.
By: Sean Clark
You can find updated lists of government car auctions anywhere in the United States at http://www.auctionspass.com/?
As stated above, government car auctions are nothing new. Every time a vehicle is bought and there has been some sort of government contract involved in the purchase, the car automatically qualifies to be sold eventually at a government car auction. When you consider the number of vehicles bought every year under these conditions, you begin to wonder how it was possible that most people are just starting to find out about government car auctions. Well, the reason seems to be twofold: the economic crisis and the internet, which provides access to an unprecedented amount of information with only a click.
But, why are government car auctions becoming so popular these days? To begin with, any individual can attend one of these auto auctions and end up buying a used car in great conditions for a fraction of their price (sometimes for as little as 5% of their market value). Also, many people prefer buying used cars this way rather than directly from the car's owner or at car dealership because they consider it to be much safer. At a government car auction there are regulations that allow any potential bidder to thoroughly inspect the car, check the vehicle's VIN and many times they're even provided a full history report, which contributes to create a safe buying environment. Also, most of the times there are free warranties extended on cars purchased at government car auctions, and you can even extend these guarantees for a small fee if you feel like it.
In any case, there are a couple of things that still seem to be rather hard for new buyers about government car auctions: how to actually find these car auctions and best practices for bidding at them. In order to fulfill these needs, a few specialized websites have seen the light lately, which provide guides and fully updated lists of government car auctions across the country. There are even online government and repossessed car auctions on these lists for those who prefer a more hands-off approach.
For more information and updated lists of government car auctions in your area go to http://www.auctionspass.com/?
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Page Updated Last on: Dec 03, 2012