I’m searching for a new car right now and have been researching the area of seized cars for sale. From what I’ve found, every year the government seizes thousands of cars from all types of people. A mind blowing 62% of people that finance a car can’t afford it. But with banks more than willing to give loans to everyone who has a heartbeat, you can end up with a car you can’t afford. And then when reality sets in, and you can’t afford your dream car anymore
the government seizes these cars from people.
So what do they do with them? They auction off the cars. So is this great for us the consumer? First, you have to pay to get into the auctions, there aren’t too many free government car auctions, second you don’t know the condition of the car you are buying, and third there isn’t a test drive like you would have at a dealership.
Government Car Auctions Might Be for You
These Government Auctions have all types of cars, trucks, motorcycles, and dirt bikes that you can choose from. And you can search for any car that you want and it will tell you what auctions they will be at.
But I suppose the best part about the Government Car Auctions is the price of the cars you could buy. Some of these cars do go for about 70% less than what their value is right off the car lot. A 15,000 dollars would be about five thousand or so dollars. That could be your dream car. However it’s only going to be that cheap if you are the only one interested.
If you are looking to make money off of the government car auctions, you also have the opportunity to do that. And that is what alot of dealers do. You can find a great deal for a car because you are only paying 30% of the cars value. No one has to know where you got the car so you are able you to turn around and sell the car for blue book value as long as the car is not damaged. But you are also taking a chance doing that. I would try buying a car for yourself first and buying one to sell later.
