Most felony offender's vehicles are seized and then sold at government surplus auctions. These auctions take place almost everyday all through-out the USA. The money gained by the agencies who auction off these vehicles and other property is used to buy upgraded equipment to fight more crime. There's no use in holding on to these seized cars, no to mention the high cost of storing seized vehicles can quickly add up. This the main reason why you can get a really good deal on a nice late model car at a federal auto auction.
Along with the high cost of storage, another reason why these automobiles must go is because all vehicles decrease in value fairly quickly. This is to your advantage, cause these government agencies have a "must-sell" attitude when it comes to selling off these vehicles. Since these agencies gained these cars for basically nothing, there's little concern for how much profit they can make. This is the ideal way for you to save loads of money on a really nice automobile. At a federal auto auction, there's been reports of people getting discounts as much as 90%. You won't ever get a discount like that at a dealership.
In most cases, a government auto auction is open to the general public. These are held weekly or monthly, it depends on where you live. You may be able to find them listed in your local newspaper or listed on a government auto auction database site. A government vehicle auction database site lists all the government auto auctions locally and nationally is very time saving and cost effective. There are many out there, and the best one I've found keeps their data updated. They give you list of locations, times, and inventory to be sold. This type of information allows you to do some research so that you know how much you're willing to pay for a specific vehicle. This could mean the difference between you spending $500 or $10,000 or more for a automobile.
Chances are pretty good that you won't be able to find the specific seized car for the price you want at your first auction. However, once you get a feel for the rhythm of the process you can get your dream car for a few hundred dollars and walk out with the keys that day. There's a free 5-day government auto auction guide available that will give you the knowledge you need that will save yourself $1,000s and make you a fearless buyer. You also should attend a couple of auctions and do some practice with the knowledge you've acquired before you actually start doing any "real" bidding on automobiles.
If you think that saving 30% to 90% off retail on vehicles is something you're interested in, then right now is a great time to take things a step further and get more information. There's a very good chance that you will find a really nice car for yourself, and you'll get it for a very low price. If you're business minded, you could even buy cars to resell for a big profit. No matter what your reason are, you still have to do your homework. You have to know where to find auctions in your area, how to inspect them, and how to budget your bidding so you won't pay too much. Do some research and learn the ropes by getting this free 5-day federal auto auction guide to see how auctions work before you start buying cars is probably the best advice.
