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Wednesday, April 8, 2009

Seized Cars - Buying Seized Cars for under $500 at Government Auctions

By Eric Hopkins

If you are looking to buy cheap used seized cars at Government auctions or police auctions, then you're reading the right article. Specifically in this article I will give you some of the best tips for beginners when it comes to using Government auctions to get vehicles at a real bargain. After reading this article, you will have all the basics you need to know in order to approach government auctions intelligently.

All vehicles at Government auctions and police auctions are sold as is. It is important to give the vehicle you are considering a careful and thoughtful inspection.

It's not like going to a car lot, where you can take the car for a test drive. You cannot test drive cars at Government auctions. The closest you can get is to listen to the engine. That's why you need to learn how to appraise a car by inspecting it, or getting an expert to go along with you to inspect it for you.

Also, it's foolish to bid on seized cars that you think you know the value of. It's not wise to guess when it comes to spending your money. If you don't know the value range of the car, do not bid on it. I can't tell you how money people are shocked to find what they thought was a deal actually wasn't. You can use the Kelly Blue Book as a basis, however it pays to have an expert appraise the car before bidding on it.

Be sure to read the purchase contract carefully. if you are planning on reselling the vehicle, you want to make sure the purchase agreement doesn't have a waiting period before receiving the title.

Keep in mind that these are auctions. You must bid wisely and strategically. It is very easy to get caught up in the heat of the moment and pay more for the vehicle than it is worth.

Many car dealers attend these government auctions as well. Be careful when you bid against them, as they almost certainly know the precise value of vehicles they are bidding on.

One of the best things you can do is to look at some of the online auctions. While there are many membership sites offering access to Government and Police auctions, you should use caution as some of them will simply take your membership fee and not provide complete or timely auction information. - 23221

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