The police department in your city or in a major city near you has impounded cars for sale. This is an opportunity to find a good car at a reasonable price. We will discuss the process of purchasing your next car among government impounded cars for sale.
Impounded Cars for Sale – Why Does It Happen?
Government agencies from the local police department to the IRS seize cars of criminals and have the legal right to sell these cars to the public.
Cars may also be impounded if owners don’t claim their cars within 30 days after being notified of an impending sale. The police impounded cars for sale may have been towed for illegal parking or unpaid parking tickets that resulted in a boot that was placed on the car.
Auctions of police impound cars for sale take place every day either in person or online. These auctions are open to everyone. Other items that you can find at the auctions are trucks, motorcycles, RVs, and boats. You may even find an occasional airplane at government auctions.
The IRS will impound vehicles seized for non-payment of taxes. Banks and loan companies will sell older model cars at auction. Car Max, one of the largest car dealerships in the country, also sells cars at auction.
Impounded Cars for Sale – Are They Any Good?
Because impound cars are used cars, many feel that you are taking a great risk in buying one of these repo cars for sale at auction. It is also risky to purchase an impounded car because there is no guarantee or warranty. You must be willing to do your due diligence before bidding. If you are interested in a live auction, you can check out the car during the time made available for personal inspection.
Get the Blue Book price on the car you’re interested in so that you’ll have a general idea of how much to bid. You will be bidding against car dealers who are there to buy low to sell high. Whatever you do, stick to the car or truck you want and stick to the price you want to pay. With patience and diligence, you will eventually find the car you’re looking for at auction.
Impounded Cars for Sale – The Process
We’ve discussed why the repo cars are up for auction. These auctions happen all over the country several times a week. The government agencies hope to sell these items for as much as they can get, but you will still find that most of these cars and other vehicles are great bargains. Auctions are held so that these agencies can first of all get rid of the hassle of storage. They are not in the business of selling cars.
You have two options for finding auctions. The first will work for you if you have a lot of time on your hands. This option involves checking with local government agencies to find out where and when their auctions are held. Banks and loan companies are good places to call. Auctions are sometimes listed in your local classifieds.
The second option is for people with less time for research, but will also cost you $30 to $50. There are online auction directories that are user friendly to help you find a nearby auction and the exact car or truck you’re looking for. Just place the words “auction directory” in your favorite search engine.
For example, one of the largest auction portals on the Web has hundreds of auto auction listings from all over the United States and Canada. They even indicate whether the auction is live or online. This directory is free of charge.
We have discussed why impounded cars for sale get to the point of being sold at auction. We have also talked about how to be thorough in your research to reduce the risk of buying an impounded car. You can find auctions by conducting your own research with government agencies or by becoming a paid member of an article directory.
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