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Seized property offered at government auctions and police auctions are veritable treasure chests for bargain hunters. There is an astounding array of new and used merchandise, sold at rock-bottom prices, sometimes less than 10% of market value!
What is exactly seized property? This is property taken under state or federal “seizure laws”. These laws allow law enforcement agencies to seize property that was used or acquired from illegal activities, was improperly imported into the country, or didn’t have required taxes or duties paid.
If a criminal uses the money he acquires from his crime to buy a car, truck, boat, even a house, they fall under the “seizure law” and will be confiscated. Jewelry, computers, cameras, art all can be seized.
Can you really buy cheap used cars and trucks at Government Auctions? The short answer is: Yes. In fact, it is not that unusual to find decent used vehicles for just a few hundred dollars. In fact, thousands are sold every day.
If you’re looking to buy cars at a government auction and get the best deal, then there are some things you need to know about. In this article we will discuss both the positives and negatives of government auctions. I will offer to use some long-term strategy which should pay off time and time again because it will teach you how to purchase cars and find the truly best deals from Government auctions.
In government car auctions, patience is a virtue. It’s important to wait for the right kind car or truck. It’s also important to wait for the “right” bidding atmosphere. If you become fixated on a particular “must have” vehicle, and you’re caught up in bidding wars, you can pay far more than you should. You must be patient and research the truck or car you want to purchase. You must also learn how to “eyeball” each car to try and determine if it runs well or if it’s in bad condition.