You may not be aware of it, but if you’re looking for a new car or other vehicle the best values are found at government and police auctions. Most vehicles sell for only a fraction of their worth. Even luxury vehicles can be bought for pennies on the dollar. So if you’re looking for the best deal on a near new or used vehicle then carry on.
The reason that the best deals are found at government and other agency auctions is because they don’t like wasting money and resources on caring for and stocking vehicles. Because of this, they are willing to sell their obtained vehicles regardless of how low the auction bid in order to liquidate. When the government sells their repossessed and government surplus cars they are not interested in profit margins as a dealership would be, plus they don’t have the same costs associated with obtaining a vehicle with www.carstream.us. The main concern the government has is to recover whatever money they can as quick as they possible.
So where do they cars come from? Well there are a number of sources including government surpluses, unpaid taxes or defauled debt, and in some cases it’s because the owner was involved in illegal activities.
We all know the government can waste a lot of taxpayers money and often they will purchase vehicles or equipment for a particular project, only to have priorities change resulting in the project never getting started. Or maybe the project is concluded and the equipment is no longer needed. For this reason government surplus equipment and vehicles items are often new or near new, yet will be offered at below used prices at the auctions.
For these reasons, the government has a large number of repossessed cars that they need to sell off. To them these vehicles only occupy space, which as I stated provides opportunity to the general public. Here are some current (September 30) examples of vehicles I found listed at my number 1 rated government and vehicle site (to see thousands more click link below then select #1 selection in the ‘Vehicles’ area):
- 2003 Mercedes-Benz CLK 430 2D Coupe with 41K miles for $4,480
- 2005 Pontiac Grand Am with 14K miles for $3,060
- 2005 Jeep Wrangler 4×4 with 15K miles for $3,190
- 2005 Jeep Liberty Limited 4×4 with $12.5K miles for $3,880
Once you have done your research and found a vehicle listing from an auction in your area that is of interest, then bring a car enthusiast along with you to the auction. That way they can look over the vehicle before the bidding and give you an assessment of it’s condition and value. If you have some vehicle information beforehand from a government auction site that will give you an advantage going into the auction.
Currently, the the majority of the public does not know that these Government auctions exist and the values available, which will give those more informed (like yourself) less competition. So do your research, bypass the middle man (car dealership) and check out the listings so that you can find the car you always wanted at a price much less then you ever expected.