Internet Business Optimization Tips and Ideas | Repossessed Auto Auctions - Things You Must Know

Repossessed Auto Auctions - Things You Must Know

Filed Under Auctions


Not What You're Looking For? Search Again.

Custom Search


by Davion Wong

If you are saving money for your dream car, you can stop doing so, because the budget you have is most probably sufficient to purchase it right now on one of the many repossessed auto auctions, taking place across the country. In case you are not sure what a repossessed auto auction is and how it works, here are a few quick facts.

Repossessed Vehicles - How They Came About

Repossessed property, including all kinds of vehicles, is seized, surplus and unclaimed property, which the government tries to get rid of and recover losses fully or partially. The auctioned cars come from various government offices, banks and lending institutions, police and law enforcement, etc.

What Kind of Vehicles Are Sold

You can practically find all kinds of vehicles put up for sale at the repossessed auto auctions. From SUVs, to sedans and sports convertibles, you get a whole range of vehicles. The condition of these vehicles may vary from slightly scratched to being badly damaged. But the good thing is the majority are in excellent working condition. Sometimes, you may even find cars which are a few months old priced at less than 60% of its normal retail price.

Prices of Vehicles

The open bidding system awards the sale to the highest bidder. So the prices depends on the how popular the car model and make is. The entire system is transparent and not easily subjected to frauds. One advice is never to bid beyond the perceived value. There are always good cars around for you to drive home at more than 80% off its original retail price. These are way cheaper than what are offered by used car dealers.

What You Will Need


In order to be able to take part in a repossessed auto auction, you must be over 18 and have a driver’s license. In most cases, you will have to pay a registration fee. You may also want to have the Kelly Blue Book in order to estimate the value of the cars and a professional mechanic for vehicle condition assessment in case you are not auto savvy. As the pace of car auctions is rather fast, previous experience won’t hurt as well.

Where to Find Repossessed Auto Auctions

Such auctions happen all the time and at all places throughout the year so you should be able to find one near home. For a start, call up the local government agencies branches and banks or even auction houses for a schedule. Check out the local newspapers for advertisements for auctions also.

There is a lazy man’s method nowadays that is gaining enormous popularity among car buyers. Online auction directories offer instant information to details of the auctions taking place at any point of time. So, once you pay the one-off affordable fee, you get unlimited access to the database. From there, you would know where the repossessed auto auctions are taking place, what time are they happening as well as the type of vehicles they are selling.

Begin your car search today through my car blog and drive home your dream car at huge discounts.

About the Author:
Learn more about seized car auctions such as where to find cheap seized car auctions near your home. Also, read another article on seized car auctions.