Seized Car Auctions: A Good Option For Getting A Car?
Seized car auctions: a good option for those in search of a great deal on a car. Cars at 90% off! Cheap Surplus Vehicles! These are the kinds of statements that you will usually find at the beginning of and advertisement for a seized car auction, So what is a seized car auction? How do these types of auctions work and can you really get a great deal on a car at one? Is there any catches to purchasing a car at one of these auctions?
Seized car auctions happen in a few ways. A bank will normally repossess the cars of people who are not paying their car loans and will then auction off the car. Additionally there are numerous state and local government agencies that will seized the vehicles of people that have broken the law and hold an auction to sell them. Some state agencies will purchase new service cars and then auction off the old ones.
With most of these types of auctions, buyers will get the opportunity to inspect the vehicles. You are however not allowed to drive the cars. There are no warranties given or guarantees that the cars are in perfect shape which is really no different from purchased a...