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Government Auction Cars: How To Buy A Used Car For 5% Of Its Price At Government Auto Auctions
Government auction cars have become the latest rage among middle-class Americans. An increasing number of people is saving up to 95% on the price of used cars of all sorts by attending and bidding at government auto auctions.
Find more information on government auction cars and complete lists of government auto auctions in the US at http://Repossessed-
Any vehicle that's been purchased under a Federal or State government contract is entitled to be sold at a government auto auction. As you surely must see by now, these government auction cars add up to hundreds every year, representing a huge but untapped resource for most people. But, why is it possible to purchase these vehicles at government auctions for such a low price? Well, even though these auction cars are most of the times in great conditions, they certainly represent a liability unless they are turned into cash as soon as possible. Particularly in the middle of an economic crisis, government auction vehicles, bank repossessed cars and police seized cars are nothing but a last resource for their owners in their search for a capital influx.
Even so, this may not be enough to explain America's infatuation with government auction cars. Perhaps, but there are other reasons, too. To start with, government car auctions are perceived by the general public as safe, highly regulated environments where fraud is much less likely to occur than say, when buying a used car for sale from a private owner. All information about government auctions automobiles, such as VINs and vehicle history reports, are often provided for free, and cars can be fully inspected before the bidding starts. Buyers are even granted warranties on their purchased cars, which they can even extend for a few extra dollars.
In any case, it's not the price of these government auction cars that's preventing them from becoming even more popular among the masses of american car buyers. It's the difficulty in finding a good number of them, as well as the lack of information on government auto auctions' regulations and best practices. In response to this lack of resources, a new sort of websites has emerged, which provide guides and updated information on auto auctions in the United States. Once again, the internet plays a big role in the popularization of government auto auctions.
More information on government auction cars and updated lists of government auto auctions in the US at http://Repossessed-
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Page Updated Last on: Aug 03, 2010