Police Car Auctions
The name sounds very suspicious: police car auctions. {Some think they are selling cars that belonged to the police, cars that have POLICE written all over. People tend to think these auctions are selling only used police cars, because of the name. When people hear this term, they immediately imagine a big parking place with lots of police cars that are for sale.} Unwary people think that these cars in repo car auctions were part of who knows what illegal auction, and are convinced that they belonged to murderers. While any of the horrible, yet plausible statement above can be true in about 3% of cases, cars that belong to the remaining 97% have a totally different story behind them.
Those who believe that police cars are also sold in these auctions are perfectly right, because the good ones are. But these cars won’t be given away with police colors, stickers and inscription. They will be re-painted and de-equiped before any sell is made. These cars usually belonged to retired officers or are currently replaced by other newer models, so there’s no point in stocking them forever. Since they are not trying to regain an investment or recover some unpaid credits, the cars will sell for anything they get offered. This explains the very low prices everyone is talking about. Even present buyer know this, and try to do as much as they can to keep prices low. To a new buyer, the best and first advice given about these auctions is not to bid more that 50% of real value. Not going over that limit permits the general car prices in these auctions to continue to stay low.
The police also auctions cars that belonged to convicted people that have no possibility of paying for affiliated car payments, or cars that have been impounded for various reasons. {Sometimes, even cars that were not entirely paid for are sold by the police. Cars that are new but not entirely paid for can be also sold. New cars that weren’t successfully paid can also be sold in these auctions.} {These cars are usually as good as new, and their prices will be a little bit higher that those of the firstly mentioned cars. These new cars will have prices that are a bit higher. Because they are practically as good as new, they will register bigger selling prices.} Regardless, they won’t reach the blue borad value if each car.
In conclusion, going to a damaged car auctions will not only benefit your business, but also your personal garage, because you could be walking away with an extravagant car brought at 50% below market value. These car you could sell to others for a considerable profit, then return with the money gained and buy other cars, therefore staring a business just by doing this.
