Why are the Government Seized Cars so cheap? How can this be true?
Every day thousands of Americans neglect to pay their auto loans or lease payments...
as a result, their new or almost new cars get repossessed or seized by the financial
institutions and auctioned off in a hurry, because the cost of storing the cars outweighs the banks' ability to try to make the lost money back (same with police auctions, etc.).
Consequently,lucky people who have access to direct sources where the repo cars are
being sold would find themselves overwhelmed by dirt-cheap offers that look unbelievable to the average car buyer. This is real and is being taken advantage of by many car dealers.
The US gov't also needs to sell the own vehicles after a certain stipulated time due to policies and overall financial concerns. At such stage these vehicles have been written off in the books and offered to the public.
So why wouldn't everyone buy a car this way, instead of the usual going to the dealer or classified ads routine?
Because this is a very protected source of revenue for the majority of
car dealerships and is not advertised to the general public.
Click Here To Find Auto Auctions Online ...
Where do these cars come from?
Government Vehicles come from a wide variety of places, but the general rule is as follows:
If a vehicle was purchased under a federal or state government contract, then it is eligible to be sold at a government auction.
When you think of all the different departments and levels of
government across United States, you can see the picture of just how
many vehicles are up for auction. Some examples of where your new
vehicle might have served include:
Federal Government
State Government
Local Councils organisations
Police Services/departments incl.
Sheriffs/Marshalls Dep.
Fire & Emergency Services
Religious Groups & other Non-profit Organisations
Universities & other Education Organisations
Hospitals & Ambulance Services
Also, there are 1000s of repossessed and seized vehicles that are auctioned off at these auctions.
Click Here To Find Car Online Auctions...
