Seized Automobiles Might Not Be What You Feel ? Bnr.Co

There?s a lot of information on the web on seized vehicles that are subsequently sold at government car auctions. But it appears to me that a vast majority of this info is either incomplete, misleading or just plain marketing and advertising ?hype?.

You?ve almost certainly observed it often and it goes something like, ?Seized Cars? $one hundred? 90% Off Retail!?, or one thing along these lines. Assuming you happen to be in the marketplace for a great utilized vehicle, do you truly feel you can buy one at rates like this? You know what they say, ?when it sounds as well excellent to be true??

I locate the advertising hype unfortunate since I believe most individuals, like me, are turned off by it. And because of this, several are in fact missing out on some great vehicles at outstanding prices (a lot more on pricing later).

Another aspect that I think also keeps car buyers away from government auctions is one of perception. I believe that there?s a somewhat general sense among the public that all these autos are beat up clunkers previously owned by drug addicts and criminals. But although I?m sure such vehicles exist, seized autos come from other sources as effectively. And not all autos at government auctions were seized in the first place.

Yes, there are seized clunkers at government automobile auctions. But there are very great vehicles as effectively that many car buyers would likely be interested in.

Good vehicles at these auctions can come from sources we do not actually believe about. For example, not too long ago I was checking out the preview lists of several open-to-the-public automobile auctions here in Florida. Proper off the bat I positioned 4 2002 Pontiac Trans Ams that had been listed as ?government? automobiles. It turns out they were seized by the state from a vehicle Dealership for back sales taxes.

These were nice, completely reconditioned vehicles that had been taken proper off a Dealer lot and would be sold way beneath their book values. There had been other people as well but these especially caught my attention simply because of the powerful demand for these discontinued ?muscle? vehicles.

I also noted an IRS auction coming up in Miami that included an incredible list of automobiles, which includes a Rolls Royce. This tends to make sense. The IRS goes following individuals who owe them lots of cash and these people tend to have really great vehicles.

A local government agency was also selling five Chevy Cavaliers. What stood out about these was that four of them had only 34,000 to 37,000 miles on them and the fourth one had 40,000. And government vehicles used by workers have a reputation for getting very nicely maintained.

Although I?m not a large Cavalier fan, I would target a buy price tag of 60% to 75% of their trade-in values and be in a position to resell them at less than their trade-in values and nonetheless make a nice profit (and make some clients extremely pleased at the same time ? a win/win for both sides).

And that is fundamentally what you are searching for in terms of pricing at these auctions ? exceptional discounts to retail costs in the 50% range. Certain there are old, higher-mileage automobiles with mechanical and/or accident issues for $100, but they?re not worth a complete lot a lot more. Or, they need lots or perform and investment.

I hope this helps clarify some of the misconceptions about seized cars. Like most items in life, there are the excellent, the negative and the ugly. And there are indeed excellent bargains on good automobiles for those interested and willing to do some shopping.

Source: http://www.bnr.co/autos/seized-automobiles-might-not-be-what-you-feel/

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