Local car auctions are a bargain hunter’s dream come true. In today’s economy it is so difficult for people to buy new vehicles at retail price or even paying black book price. However, the frugal and intelligent vehicle buyer also considers the power of local car auctions. Bidding on vehicles seized by the government- whether it be the IRS, DEA, U.S. Customs, or police- gives citizens the opportunity to purchases excellent vehicles for below retail and black book price at local car auctions. Indeed, you may have heard about one of your family members, friends, or co-workers getting an excellent deal at one of these local car auctions.
One concern about bidding in local car auctions is about the condition of the vehicle- are the SUVs or trucks flooded or broken down? Do they even have engines anymore? The best part of local car auctions is that you can go there an inspect the vehicle yourself and run the VIN numbers to check out its history. This is especially important when dealing with vehicle seizure bidding places- you want to make sure you did not bid on a stolen vehicle obviously. The good news is that all of that information is available for you if you choose the service.
One question that I hear from most people about local car auctions- I guess it is out of curiosity, but most people want to know how the vehicles were acquired in the first place. The way the system works is that if a vehicle is seized during a drug arrest, other crime, or IRS liquidation, it will stay in a government lot for a while and then will be made available at local car auctions for Joe Taxpayer. If you are the winning bid at local car auctions you will not be required to pay a luxury tax or any dealer-added fees like you would at a dealership.
Another misconception some people have about local car auctions is that the vehicles are salvaged and need to be totally fixed or rebuilt. Salvaged vehicles bidding is a totally different process. The good news is that many local car auctions offer a free CarFax VIN report before you start bidding. And if you are bidding online or at one of the various local car auctions and your laptop has wireless access, you can check the VIN through CARFAX and pull the vehicle history report yourself.
Due to the recession, Americans are beginning a readjustment period when it comes to balancing their budgets and tracking where their money goes. Going to local car auctions for vehicle purchases is becoming more widespread now. It should also be noted that local car auctions go hand and hand with bidding for foreclosed homes, seized boats, unclaimed farm land, and other real estate up for public bid. Serious consumers should always consider local car auctions before buying new vehicles from dealerships. In this new economy we need all of the help we can get to find the best deals.
