Want to Buy Cheap Cars? – Government Car Auctions are For You!

So you are looking to buy a new car but not wanting it to cost you an arm and a leg, well here is the secret to landing yourself a bargain. Government Car Auctions are where you can save thousands of dollars on your next car purchase. There are a large variety of makes and models available ranging from sedans, wagons, 4WD and trucks to the prestige, vintage, sports and luxury cars.

What is a Government Car Auction

These auctions consist of vehicles that have been seized or repossessed by government agencies such as:

Internal Revenue Service (IRS)
Federal Bureau of Investigation (FBI)
U.S. Marshals Service (USMS)
U.S. Customs Service
Small Business Administration
Police/Sheriff’s Auctions: State and Local
U.S. Department Of Defense
U.S. Bankruptcy Court
Regional Government Public Auctions
U.S. Department Of The Treasury
Department of Defense Reutilization and Marketing Service (DRMS)
Department of Agriculture (USDA)
Department of Energy (DOE)

These seizures and repossessions is a result of criminal or illegal activity, owners who were not able to make their car repayments and they also include offenders who did not pay their income taxes and tax evasion like crimes. Other government vehicles being sold at these auctions include government vehicles that is out of use, such as where government agencies purchasing a new vehicle to carry out a project of public service that is then no longer required.

Why are these cars being auctioned off so cheap?

Government auctions operate differently to a normal retailing businesses as their purpose for selling is not driven by profit means, whereas a car dealership purpose of making a sale is to increase their revenue. The government general purpose is to clear out their inventory to avoid ongoing storage cost. This is why they want a quick sale, hence why you would find vehicles being auctioned for a fraction of their market value.

How much do these cars go for?

Like all auctions the savings you can make on a car depends on how many other people are interested in purchasing it. The more interested parties would increase and drive up the price of the car, however do not let this deter you. You can always still save more at an auction then you would at a car dealership. I can even say most car dealerships purchase their vehicles from these auctions and resell it while making a killing of a profit. With the current financial crises there is an increase in number of repossessed cars so the amount of cars available at auctions is outweighing the number of bidders on the market. You can purchase vehicles for as little as $200, but that really depends on the car you are looking at purchasing, the savings can be up to 90% off the market value. For example a 1999 Honda Civic was purchased for $2,050 where the market value was $8,795, that’s a saving of $6,745.

Where to start?

Firstly, find a government car auction near you, these are typically not advertised publicly, but there are government car auction listing services you can join, they will be able to give you the name, location, phone number and website of auctions near you. These can sometime be beneficial for you as a lot of people don’t know about the available auctions, which can mean less people bidding and more savings for you.
Secondly, you need to do some research on the car that you are interested in purchasing. Getting a rough idea of how much the car is really worth on the market so that you can set a max bid to ensure you get the most savings.
Find the car you are interested in at an auction near you
Arrange financing if required
Attend the auction and inspect the car
Place your bid
Make a purchase

Tips:

Attend the auction early so you can examine the condition of the car and see how many other interested buyers there might be at the auction.
Bring along a mechanic or someone who has some knowledge of checking the engine etc for the vehicle
Pre- owned government/surplus or company vehicles are generally in good condition and are usually maintained well and serviced regularly. They are typically not more than 2-3 years old, which makes them a great buy.
Set a max bid limit and stick to it. Keep in mind cars are being confiscated every day, so if you are not in a rush you will definitely find the car you want for a good bargain price.

Online Car Auctions – The Benefits of Online Car Auctions Over Classifieds

Online car auctions compared to classified ads is a “no brainer” when you are looking for variety and great value and let’s face it, what else is there?

Let’s compare.

Although classified ads have been in existence for a very long time, auctions, by comparison have been around all throughout recorded history.

A classified ad usually contains some personal information as well as a description and or picture of the item or product for sale and classified ads were traditionally found mostly in newspapers and various periodical publications in the past.

The print medium of publishing advertising was then replaced by television and then the internet became the most widely used medium to publish classified ads.

The online nature of modern classified advertising has contributed to its popularity world-wide.

There are many advantages to the internet besides massive distribution, it’s possible to compose your ad with all the specifics of your product and or service you are offering, as well as ads can even be optimized and targeted to your prospective customers by means of keywords and phrases which specifically relate to your product.

You can even target a specific focused area or group for your products, for instance; a store owner located in Woodstock, New York can sell and buy products by advertising them on a website offering free Woodstock classified ads service. These websites offer categories that include car or truck classified listings, motorcycle, boat, job and real estate classifieds most popular of all, appliances classified ads.

Online car auctions on the other hand, get straight to the point. They are about cars (standard, luxury and antique), trucks (big and small and even some antique), SUV’s (all kinds), Motorcycles (all kinds including old classics) and Parts (different kinds and lots of them). Notice I did not mention boats, appliances or real estate because there aren’t any! Although you can find such items on general online auctions.

The main advantage of online car auctions or any kind of auction is that they combine the basic classified ad model and add to is the energy of a contest, win or lose, do or die and that is good for sellers, unless you know how to play the game.

The Secret Sauce

There are hundreds, even thousands of online auto auctions happening all over the country every day. In fact there are so many automotive auctions available online that several online car auction services have come into existence and that, my friend, is the “secret sauce” of success.

Online auction services maintain large comprehensive data bases which are available to their members 24/7 after paying a small annual fee. These services also provide all kinds of educational material, like videos to give their members the edge they need to out fox competing bidders even those with years of auction experience.

My advice is to forget about wasting time with classified ads and check out an online auction service now.

There Are Many Advantages to Doing Business Using Online Auction Services

The combination of carrying out procurement of services and raw materials or inviting bids for contracts using online auction software and cloud computing has many advantages for both buyer and bidder.

The first is security if the organization uses an experienced and reputable provider of an online auction service. All documents that are generated by the tendering or bidding process can be stored securely in one location and accessed easily and efficiently with no risk of loss of an important document at a crucial stage in the negotiations.

Then there is the saving in time. Access to an online auction is available around the clock allowing bidders to place their bids at any time of the day or night within the time frame that has been set by the buyer.

Location, too, ceases to be an issue and a contract bid can be invited or submitted from anywhere in the world.

This may be useful for companies offering goods and services to consumers, who can bid online to buy a particular product and it enables the supplier to sell to a greater volume of customers than it could in a physical space such as a retail unit.

It also illustrates the added benefits of online auctions which are increased efficiency and a saving in cost, both staff time and if the service is provided by cloud computing also in the expense of in-house sophisticated hardware and back-up. With cloud hosting an organization only needs to buy the time it actually needs to use and tailor it to peaks or troughs of activity.

However, online auction software is most useful for procurement of services or inviting contract bids for large companies and public sector organizations. Companies supplying the online auction service to organizations like these invariably also offer a variety of auctions including the increasingly popular reverse auction that can help them to get the best price on a contract, but also additional consultancy services such as a spend analysis.

An experienced software supplier will also supply support services to help large organizations through the initial processes of internal culture change, training and set up of the system and will be able to tailor it to the specific activities of the organization It is supplying.

Switching to an online auction system needs to be managed properly during the transition but once the key people are properly familiar with the system and how to manage it organizations will notice a marked difference in the safety, security and efficiency of their procurement and contract bidding processes and a significant saving on costs.