Government and Police Car Auctions - Cars For Under $200?

Many people know that governmentcar and vehicle auctions (includes police auctions) area great placeto find highly discounteddeals on cars and other vehicles. Want many don't realise is thewide variety of vehicle types and models available in great condition that are auctioned off at afragment of what they areworth.But canyou actually by a vehicle in good shape forless then $200?

First let me explain the reason as to why thesecars are sold at such low prices.It'sbecausethe government works under a different set of rules thenbusinesses trying to buy and sell in order to profit. The government generally has little to no directcosts involvedin obtaining these cars. In the oddcase that it does have costs (i.e. paying back lenders, repossession costs, etc.) the government is not concernedon makinga marginsuch as a car dealershipwould be. They are simply trying to liquidate their inventory ofvehicles, to retrievequickmoney and reducevehicle storage costs.

So where do all these cars andvehicles come from?You're probably imagining a 'repo man' who is stealing back a car that the owner defaulted payments on ora drug bust in whichvehicles were confiscated.CongratulationsTV has educated you, but they also come fromother sources such as government surpluses. This is wheregovernment or government agency purchasesa newvehicleto perform a project of public service and then that vehicle is no longer required. So when you consider the wide rangeof sources these vehicles are obtained from it's notsurprising thatthere is such a widevariety available at these auctions.

Government car auctions are held often in many locations all across the country.They are sometimesheld online but I would recommend attending an actual livegovernment or police auction so that you can inspect thevehicle before you decideif it'swhat you want and that it's in the kind of shapeyou expect. What I was surprised to discoverwas the number of newer cars in great shape. That is becausemost of the payment defaults happen in the early stages of a loan. For example, if the car is newer and someoneowes morethen the car is worth, they are less motivated to make the payments. If the owner isfurther into paying off the car (car is older) thenthey have moreequity in the vehicle and are more likely to continue payments.

You can find useful information concerning upcoming government and police auctions in your areaby browsing throughlegitimate government auctionsites. Theyprovide you with the details you'll need including where the auctions are, dates, phones numbers, etc. and in some cases providelistingsof the upcoming auctions. So how do you know if a government auction site is legitimate?

Because there are so many auction sites on the net Irecommend thatyou check with a government auction review site that specializes in providing free evaluations of these sites.They will differentiate between the sites that have updated and accurate information onauctionslistingsversus the sites that are misleading and uninformative.UnfortunatelyI estimate for every 1 good site there are probably5 that arescams.

In summary, if you're looking to purchase a newcar or vehicle for either personal use or to resellthem attending agovernment auction is a given. Why buy from a used dealership that may have bought the car from a government auction in the first place. Surprisingly the majority of people are still notaware of these auctions becausethey aretypically not advertised.

In answer to the $200dollar question, I have seen many winter beaterssell for as lowas$200 butI personally feel the best valuesare from the2-5 year oldcars and vehicles in great condition that sell for$2,000-$6,500, depending on make and model.

To locate heavily discounted cars and vehicles at the best auction sites check out government auction reviews or to see examples for some of these auction prices visit police auctions.