Government Auctions of Confiscated Autos

by TERRY BOLTON

For many decades now, government auctions of confiscated cars have been a hot topic because of the great deals people get on these cars. With the power of the Web added into that, knowledge is quickly increasing about these government auctions of confiscated cars. Both local, state, and federal government law enforcement agencies confiscate these cars when they are used in connection with the commission of a crime. This happens on a very regular basis. These cars range from barely used cars that are souped up for hotroddng to old clunkers.

Regardless of the car's condition, the government auctions of confiscated cars have a singular purpose of liquidating cars quickly for cash. This means that the cars will be sold "as is", so as to avoid the government having to inventory cars any longer. It is important to preview the cars if allowed. Also, be sure to get blue book values on the cars. Those confiscated cars that look like something you really want to bid on should warrant consideration of doing a vehicle identification number history check. This will tell you if the car has an accident history, which might indicate hidden structural damage.

You can find out about the government auctions of confiscated cars through law enforcement agencies and the Web. It is not uncommon for these cars to go for as little as 1/10 of their market value, simply because of uncertainty about the condition of the car. Most of the people you will be bidding against will be used car dealers who mainly want to bid on cars they are sure they can sell quickly. They lose money if they buy cars that stay on their lots for a long time, so you can take advantage of this to make educated gambles on cars with apparently good physical conditions and a lot of uncertainty attached to them when you go to government auctions of confiscated cars. If they turn out to be duds, you can put them up for sale and get most of your money back eventually. If they turn out to be great cars, you can quickly turn a profit reselling them or just have great cars to drive.

This is why many people have built entire used car businesses around government auctions of confiscated cars. Getting started just takes a consultation with a business attorney to get the right licensing and insurance for used car sales in your area. Then you research the auctions and attend. It works best if you are a mechanic or have one working for you to check out the cars at the auctions.

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