Friday, December 11, 2009

Government Car Auctions - Best Cheap Car Buy

If you are short of cash and cannot afford to buy a car, do not become depressed. Government car auctions from trusted government departments and the Police department come to the fore to assist you with pre-owned and seized cars sold at upto 95% off their original cost due to certain laws. Apart from cars, the auction also includes pre-owned and seized trucks and SUVs.

Many auctions begin with a $100 bid. The government cars auctioned are owned by the Drug Enforcement Agency (DEA), Internal Revenue Service (IRS) and the Federal Bureau of Investigation (FBI). The Police Department cars also go under the hammer.

These government vehicles are either pre-owned or surplus cars. They are in good condition and are not more than 3 years old. There are in excess of 4000 online car auctions held all over USA with cars sold off in each state.

Information For Getting The Most Out Of Government Car Auctions:
  • Most auctions may require a bank draft so make sure you have cash reserves in your bank account.
  • Select the cars that you like well ahead of the auction date and carry out a Vehicle Identification Number (VIN) check on them to check that their titles are in the clear. You can also find out if the vehicles were stolen or involved in an accident
  • Get a Kelley Blue Book pricing for the vehicles you are interested in to get a fair idea of their market value
  • As far as possible, bid on vehicles that have clear valid title on them
  • You may have to pay a purchase premium of 5% to 10% on top of the victorious bid. Say for example you bought a car for $1000, you will have to pay a buyer's premium between $50 and $100 extra and making it $1050 to $1100 as the total price of your car

    Now that you have found an economical means of purchasing an affordable car at government car auctions, zip around your favourite city to your unbounded delight catching up with mates and work commitments. Get your vehicle of choice and save tons of $ simultaneously.

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