You have probably heard about car auto auctions and how you can get a good used car for thousands of dollars less than the retail value. You have probably also heard that most of these Government surplus and repo vehicles are only a few years old and have low mileage. Or maybe you have heard that every state has car auto auctions running in several different locations every day. So what’s the catch?
If something sounds too good to be true there is almost always a catch to it. However in this case, there is no catch. Everything above is completely true and yes, you can get a good used car for up to 90% off of the retail value by going to a Government auto auction.
These cars, trucks and SUV’s that are auctioned off daily in every state across the U.S. are either Government surplus vehicles or repossessed vehicles that have been seized for a default on the loan. Government vehicles have to be replaced every few years due to regulations and polices and these vehicles have been very well maintained. Repo cars have been taken back by the banks and financial institutions for non payment and they want to get rid of these automobiles as fast as possible to recoup some of their loss.
These vehicles are taken to an auto auction where they are sold to the highest bidder and some auctions will start at only $100. Every state has auction houses that sell these vehicles so you are sure to find one near you. This is how you can get a great deal and save thousands of dollars on a used car, truck or SUV. So there is no catch to car auto auctions, just great savings for you.