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.} Others think that in these auctions they sell cars that belonged to bandits, cars with bullet holes, cars that were murder scenes and god knows what other horrible things people suspect. 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.
The police cars that are out of legal function, but are running perfectly still can get aucntioned. Only that the cars will not be auctioned as you would expect, with the POLICE sign all over them. These cars will get a new paint and will be stripped of all stickers and other police inscriptions. Auctioned cars either belonged to officers that are retired now or are older cars that got replaced with newer models. Since they are not trying to regain an investment or recover some unpaid credits, the cars will sell for anything they get offered. This is why people say that police cars can be bought 90% off real price. Buyers that are usual customers of these auctions are aware of these aspects, and will bid accordingly, carefully and trying not to rise prices. To a new buyer, the best and first advice given about these auctions is not to bid more that 50% of real value. Keeping the price line steady low will be used as a general guideline.
It’s true that even car that used to belong to criminals that had no family to take over the taxes are auctioned sometimes. Sometimes, you will find an occasional car that was impounded or seized for any reasons that will also get auctioned. {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.} Still, the estimated value of one new car will not be reached. Here you can also buy repossessed scooters or motorcycles, but you likely won’t find a almost new Razor pro scooter.
In conclusion, going to a police held car auction 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. Police car auction can constitute a good business starting point for anyone who has the earning to invest a little in the beginning.
