Detroit, MI (PRWEB) July 31, 2006
With consumer debt and credit card payments at record levels, more Americans every day cannot afford their car payments.
The US Government does not have the facilities to store these vehicles, as well as other property seized from criminals and felons, so by law it must dispose of the vehicles and property at public auction.
Until recently the ability to buy these cars at rock bottom prices was reserved for car dealers and auction goers in the know. Sources often remained secret so auto dealers could resell these cars at substantial profits. Not anymore.
Now anyone can buy at the same low price as the dealers and sometimes even lower - often as low as $100 to $500. Even better, many of these auctions have moved online, meaning you can bid from the comfort of your own home. When you are the winning bidder, all you have to do is pick up the car.
How can you tell if an auctioneer or car seller is legit? It's easier than you'd think.
Nearly all of the seized cars have a complete identification report and the VIN numbers are always present. The parties who sell these cars are almost always completely legitimate, and the majority are even government related.
Auctions filled with repossessed and seized cars are happening every single day in America. The only real secret is knowing where to look.
Recently seized car auction sites have sprung up all over the Internet offering seemingly unbelievable discounts on new and nearly new cars. But is it really achievable?
Deep car discounts can be obtained by the general public, but you have to be careful and select a car auction site that is reputable. Sadly many online auction sites fall short on their promises, offering inaccurate data, outdated information, and sometimes no information at all!
Although it's unfortunate some of these sites fall short on their promises, many other reputable seized car auction web sites deliver the real deal.
Government seized-property and surplus auctions are held around the United States at various times and locations. Most often seized car auctions are held at a specific location at regular intervals, usually every month or sometimes quarterly.
If you are interested in a high-end vehicle at rock bottom prices, 3 reputable seized car auction web sites are:
If you decide to participate in a seized car auction, remember that it is not uncommon to be the only bidder. Thus you should always begin your bidding as low as possible.
Buying a car at a seized car auction can be an exhilarating experience. Follow the rules and stick with reputable sites, and you may well be the next person to walk away with a terrific car at a terrific price.