Posts Tagged ‘police auctions’
Police Vehicle Auctions
Maybe you are already sold on the fact that there are extraordinary bargains to be had at police vehicle auctions. Maybe all you need is just simply a good blueprint to follow which will turn all your hard work into actual auction success. Follow these following few steps and you’ll be well on your way to getting what you want.
The Car Inspection
This is a gift from the police department – the opportunity to inspect the ins and outs of the car. Make use if it!! Granted, you normally don’t have the privilege to test drive the car, but you can start the machine and listen for any suspicious sounds and creaks.
The VIN
It’s the basics that most people forgot and that ultimately get them into trouble. For no cost whatsoever you run a basic report an a cars history by using it’s registration number. This report will give you exactly the sort of information you need to determine if you want to even buy the car at police auction
The Vehicle’s Title
It’s common for the police to check if the car has a clean title before it’s being auctioned. It’s also very common that they don’t do a thorough job of it. Best to check this yourself as you do not want to sit with a financing house repossessing the car you just bought.
Determine accurate valuation
If you plan on purchasing a car at the auction without having a good estimation on the vehicles value, you should be prepared for potential serious problems. It’s almost like cycling downhill on your bike without any functional brake system. If you don’t know what the valuation of the car is you will bid till you get it – more often than not substantially more that it’s worth. Therefore make sure to know this value and don’t bid a cent more than it.
With the above information you’ll generally be well prepared on the police vehicle auction day. It’s not uncommon for people to get completely caught up with the events at the auction – very true in particular with live outcry auctions. To be successful you need to remain relaxed and keep to your pre-planned strategy. Nobody usually does better than the quiet relaxed bidder who normally walks away with the winnings.
Do They Sell Damaged Cars in Car Auctions?
Obviously, they do. Car auctions sell all types of cars, from luxurious vehicle to total junk cars. They don’t say in vain that someone’s junk is other’s treasure. Some take junks and turn then into gold, by totally re-facing they aspect and mechanical systems. Others simply buy a damaged car because that’s what they can afford and they think that in time they will fix it themselves.
Due to the increase demand on the damaged cars market, auction officials started organizing events in witch only these cars get presented. The damaged car auctions occur pretty often, because not all cars sell so quickly and many people prefer selling a damaged car rather than repairing it. Instead they sell it in such an auction and then buy a new one. It’s quite obvious that damaged cars are sold for very little, and sometimes they can be really good cars, that require some repairing but were initially expensive cars. Fixing a scooter for your kid easy, but you likely won’t find a cheap Razor Powerwing scooter in these actions.
No one should be going to these types of auction simply because they heard rumors of low prices. Make sure you know exactly why you want a damaged car. If you repaired cars before, that can be a good buying reason. If you are a businessman that sells used cars, that’s also a fair reason. But for people that want cars to drive them around, what can a damaged can give them? Only you can answer that question and if the answer if good enough and can be done, then you should go ahead and make a purchase.
Evaluate the vehicles you intend to bid on before. {Check any visible defects, and also ask the owner to open the car so you can inspect the interior. Check the exterior, the lights, the engine and also enter the car if possible. You should try to enter the vehicle after checking the exterior parts.} If a heavy smell can be felt, if rust and uncomfortable chairs are present, know that these can be caused by water therefore that is a car damaged by floods. It’s not recommended to buy such a car unless you are prepared to change almost everything about it. The cars witch have non working engines must be viewed by a specialist, so bring your mechanic along.If you are a fast learner, you can try to read about engine trouble before coming to the auction.
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.
Police Auto Auctions
So it’s about that time. You need a new car for the family, but money is a little tight and not exactly growing on trees. This is not a big problem and shouldn’t concern you. It’s definitely not strange to see people saving as much as possibly can on their purchases with the prevaling economic situation
We’ve all heard of the savings one can make at a police auto auction, but the question remains: Are they really as lucrative as many folks make them out to be.
Perhaps you can best answer this question by looking at the origin of autos sold at police auctions. These are all vehicles that have been seized from criminals. This simply imples that, compared to a financial institution, police departments don’t have any motivation to achieve high prices at the auction events. For prospective buyers this is heaven. The reason is because you are dealing with someone selling a product and doesn’t necessary want a high, market related price.
So the idea of these police auto auctions seems attractive to you. What’s the next step then?
The easiest thing you can do is to get in touch with your local police station. There’s a really good possibility that the first person you speak to doesn’t know how to assist you. If you’re a little luckier they may actually transfer your call to a relevant asset management department. Get the information from these guys and go to the very next auction – really simple.
You also hear of these events through flyers, newspapers, online advertising platforms, etc.
Now that you know the auction dates, really only about fifteen to 20% of your work is done. A wise next step is then to procure a list of the cars that will be put up for sale at the next auction event. This catalogue is made available by the auctioneer. Working from this list you will be in a position to identify the cars that you wish to further pursue for potential purchase.
After having obtained this list allocate your resources and time in doing the ‘auction homework’, i.e. vehicle inspections, market valuations and other relevant background checks. This will position you to highlight the cars you wish to bid and potentially purchase and identify the ones that you won’t wish to. Arguably the top tip and number one rule to keep in mind is not to let your emotions run away with you. Your bidding strategy should be guided by the hard prep work you’ve done beforehand. If you follow this particular ‘blueprint’ you will purchase your next vehicle for significantly less than what you intended!
Police Auctions: Do Bargain hunting with Impound Cars
Police departments have the responsibility to enforce the laws of the land. This activity includes impounding cars, which are confiscated for a number of different reasons. Storing and managing these cars are a headache so the police does not impound them permanently. Quite the opposite – they get sold at car auctions.
This is the perfect platform for consumers and even traders to purchase quality vehciles at very affordable prices. To really be successful at police impound car auctions, it’s worthwhile to know the process that leads up to the actual auction event. So why do police departments decide to impound certain cars? These rules are different from state to state, but generally include the following:
1. The car’s registration has expired for a period in excess of six months.
2. The driver has been involved in some sort of criminal activity.
3. There are outstanding unpaid parking tickets or the car has been parked without a relevant permit.
The laws are different from one place to the next, so the above reasons are not the same in all states. It is however a general guideline as to why vehicles get seized and impounded.
All relevant parties (this includes the owner and lien holder) to the vehicle are notified once the impound has taken place. The vehicle will remain at the policepolice department’s impound for thirty days. On occassion the registered holder of the lien can seize the impounded car. This depends on the state’s statutes as well as the loan agreement between the vehicle owner and lien holder.
The general rules is that the owners have 30 days to react whilst the car is in the impound. After this period the police will apply at the courts for the right to sell the vehicles. This may take a number of days in itself – usually in excess of 40 days. The court approval sets the wheels in motion for the department to sell the car at a police impound car auction.
The police departments utilise a variety of means to communicate to prospective auction attendees. These are normal newspapers, online press releases as well as other miscellaneous means. There will normally be a catalogue released to display all the available items on the day of the auction.
One crucial element that potential buyers need to be aware of is the existince of outstanding legal claims or liens on the vehicle. The process till the auction doesn’t leave a lot of room for the police department to check for outstanding legal claims on the car. Therefore ensure to check this.
If you attend a sufficient number of these, you will be amazed at the type of deals you can get at on impounded cars at police auctions.
Motorcycle Auctions: Bargains at Police Departments
As long as there is money to be made from criminal activity, there will always be criminals breaking the law. Fortunately the police does a stellar job to stamp out these guys and their activities. You’ll note a range of goods and property confiscated across the country because of this enforcement as the criminals get caught. The seized assets consist of everything as well as motorcycles.
This creates the need for the police to conduct police motorcycle auctions – a perfect place to look for bargains. What variety of products are on offer?
Normally you group them in two types. They are motorcycles confiscated from criminals as well as motorcycles which the police themselves have used.
‘Quality’ is a word synonymous with police department motorcycles. The reason is simple. Every police department usually has dedicated mechanical and service support for their fleet of vehicles. Regulalry serviced and maintained, these motorcycles are normally a great buy at the auction event. Don’t expect any police stickers, badges or sirens on the motorcycles. They will remove any such items.
Instead you can opt to buying confiscated motorcycles at police auctions. These are vehicles seized on the back of criminal investigations and sold by the police. You’ll find anything from pure garbage to superior vehicles. Sometimes you may experience some difficulty with the title of the motorcycle, but mostly it’s a simple procedure and you can find some serious bargains here.
People have different goals – you may be a mechanical whizz buying motors and fixing them up. Maybe you’re a retail user that wants to buy a new motorcycle for own use. Here’s a tip – determine on the auction catalogue what you ideally want and put all your research effort into this.
The majority of police departments will let potential bidders inspect the motorcycles before they are disposed of. If you are serious about buying at the auction, you have to do your homework before the big day. Your checklist should include everything from checking the brakes, handlebars, state of the seat, lights and any sort of mechanical issues. Any problem with any of these and it may indicate some problems.
If you’re not experienced in buying motorcycles at police auctions, don’t shy away from them. You may well be amazed at the bargains you will find here.
It Is Possible For You To Discover Many Bargain Vehicles at Seized Car Auctions
With the problems in the economy lately, it seems that there have been more incidences of automobiles being seized by government agencies and by lending institutions, as well as more advertisements that promote seized car auctions. This means that there are also more people than ever who are considering taking advantage of one of these used car auctions to try to get a good deal on their next vehicle.
When people get behind on their car payments, it is common for the lending institution to take back the vehicle, especially if there is no way for the person to get caught up on missed loan payments. The result is that the larger banks, credit unions and finance companies are often overflowing with repossessed cars and seized cars that they need to sell through a seized car auction.
There are also several departments of the government, from the local Sheriff’s office all the way to the FBI, that have the power to seize all kinds of property, including vehicles, and then sell them through seized car auctions. There are many reasons why these seizures happen, either because of tax debts, or because of the use of the vehicle in some kind of illegal activity.
When lending institutions, banks, police departments, and various federal agencies end up with a growing number of cars that have been seized or repossessed, they ultimately spend a lot of money to store these vehicles. In most cases, the people from whom the cars were seized have either no recourse at all for getting the vehicle back or a short window of opportunity to get the vehicle back before the agency has the right to sell it off. If there is no longer any chance of the person being able to reclaim the vehicle, then it can be sold through a seized car auction, which the agencies prefer to do as soon as possible to minimize their storage expenses.
In many cases, a seized car auction can be a bargain hunters dream, enabling them to save hundreds, or even thousands of dollars, on a wide variety of cars, truck, vans, recreational vehicles, and even boats and other recreational sports vehicles. These seized, motor car auctions provide people with terrific opportunities to get a better quality vehicle than they might otherwise have been able to afford. For those who are really lucky, they could be driving away with their dream car after only paying one quarter to one half of the amount that they might have paid, had they gone to a regular dealership.
Before you attend seized car auctions it is best if you take some time and do a bit of homework upfront. If there is a certain kind of car you are interested in, then look up the current market value or the Blue Book value on it. Many people recommend that you should not do any bidding the first time you attend a used car auction; rather, simply observe the entire process from start to finish, thereby becoming familiar with the general auction environment and how a car auto auction works.
Buying a car is always a big responsibility. But making that choice on where to buy your car is a huge decision that needs to be thought through carefully. There are many choices on where you can buy your next automobile. You may buy it from a car lot or even off of EBay but have you considered local auto auctions as a place to get your next used car? Auto auctions are becoming quite popular. However there are some factors that you should certainly take into consideration prior to completing such a significant purchase from an auction. Are you getting the best deal for your money? What happens if something goes wrong? These are questions that you have to think about when it comes to your new purchase. In the rest of this article we will cover what auto auctions are and how they can either help or hinder your pursuit of a new automobile.
What are auto auctions?
Auto auctions are places where cars are sold. It could be from a public auction that has several vehicles to sell or it could be from an online auction at such places as EBay. There are also government seized auctions that occur regularly. The best place to look for these auctions is in your local newspaper. Many companies regularly have auctions at a set place and can offer up more choices in cars, trucks, vans and sport-utility vehicles.
What is a salvaged title?
A salvaged title is a title that is given to a car after it has been wrecked. This is does not mean that the car has had a little fender bender. It means when there has been significant damage to the point where the insurance company has decided it is irreparable. Many mechanics will apply for a salvaged title after they have restored the car to its running condition. It will have a new Vehicle Identification Number posted on the car as not to confuse it with its previous title. Most salvaged cars when restored are quite good vehicles. But there are some that are not. You are taking a huge chance when you buy a vehicle that has a salvaged title.
Where do car auctions actually get their automobiles??
Auto auctions obtain their automobiles from various different sources. The automobiles might be from repossessions that are foreclosed by the lender or even the bank. Some cars come from private owners who want to sell their car in an auction environment rather than through the newspaper. Ebay is an online auction site that has become very popular with quite a number of dealership who sell their inventory through that website.
Is the seller obliged to state any defects on the car?
There is a huge difference between what a seller should do and what they actually do. This is where ethics comes into play. If the seller knows that the engine is knocking or that the car has been wrecked they should disclose this knowledge to the public before bidding commences. Many states require that if a seller knows about a particular problem and does not disclose it, they can be held liable if the car breaks down after purchase. Basically it is the seller committing fraud against the buyer and fraud in all states is illegal.
For more quality information go to Car Auctions also Government Auctions and at Land Auctions
Save Money on a Used Vehicle at a Police Auto Auction
There’s a whole new way for the average person to get a good bargain on a second hand vehicle. You should consider getting your next vehicle at a police auto auction.
Local police departments in every region of the country hold an annual car auction. The reason behind these events is to clear out their accumulated stores of confiscated merchandise. Every year, police departments find themselves with an excess amount of seized or unclaimed goods. Typically, this includes motorcycles, trucks, vans, cars and boats. Most of these vehicles are sold to the highest bidder at auction.
Automobiles aren’t the only items available at bargain prices at police auctions. You can also find smaller items such as jewelry, artwork, furniture, and office equipment. When criminal activity takes place, police departments have the right to seize property. This includes anything that has been used in the process of illegal activity or has been gained through the use of ill-gotten funds.
Most of the time, police officials do exactly that. Indeed, there’s generally way too much stuff, so they sell much of it at a public auction. By selling off these goods they also help to fund their department at the same time.
However, cars are the most popular items for sale at police auctions. You only need to head down to your local automobile dealer to understand why. It can be prohibitive for some people to purchase a new or used vehicle from a dealership. That’s why so many people are looking for alternative ways to get a decent car at a good price. More and more they are looking to a police auction to buy their next vehicle.
These days, it can be even easier to purchase a car at a police auto auction. Some police auctions will allow online bids. You can place your bid prior to the start of the auction, or you can bid live from anywhere in the country in the comfort of your home. So you don’t even have to be present to win the auction.
Sometimes it can be difficult to know exactly when and where these auctions will take place. If you don’t know where to look, or don’t have the time, there are online services that can find a police and public auto auction for you. There’s typically a minimal fee involved that you pay annually. By registering with this type of service, you’re much more likely to find a good deal at a police auction. Your time will be freed up a bit and you still get the insider knowledge to getting a great deal on your next vehicle.