If your idea of a great deal on a car is paying thousands less then its current value then you might want to consider trying one of the free government auctions that occur around the country every week. Cheap repo and seized cars for sale are the most prevalent items to be found at these auctions so you stand a good chance of scoring a great deal. And the best part is it doesn’t cost anything to attend a government auction, you just need to be at least eighteen years of age with a valid driver’s license.
You will find all makes and models from every model year at a repossessed car auction. All of which will be offered at well below Blue Book price for the simple fact that the government simply wants to get rid of them. As long as the administrative costs of processing and auctioning off these vehicles are met the government agencies responsible for these auctions are happy.
So just where do all of these vehicles come from? There are a variety of places and reasons that all these vehicles get repossessed or seized on a daily basis. People default on their car loans only to see the repo man towing their new car away. Drug dealers get busted and all their possessions, including that 50 some thousand dollar SUV, are seized and later sold at auction. The sheer number of vehicles entering the system everyday makes getting them sold off quickly and cheaply important in order to keep storage costs low.
These free government auctions used to be the closely held secret of car dealerships. Buying cars well below market value practically guarantees a profit when selling those same cars off the lot at or above Blue Book value. With the coming of the internet auction site it is now easy for the general public to circumvent the car dealer middle man and buy cars at seriously discounted prices.
If you are concerned about the value to be had with repossessed cars you will be happy to know that most of the vehicles auctioned doff are in very good shape, both mechanically and body wise. Just because they were seized does not mean their previous owners did not take care of them.
You will also not have to worry about the de-valuation hit that new cars take the moment you drive them off the lot. By purchasing at discounted auction prices your new car will normally be worth more then what you paid for it and since you will own it outright you don’t have to worry about it as a depreciating asset.
So if cheap repo and seized cars for sale sound like to good of a deal to pass up consider finding one of the many free government auctions that happen weekly all across the country. Using an internet auction site will give you times, locations, and complete vehicle databases so you can find the car, truck, or SUV you would like to buy without ever having to leave your house.