A federal auto auction is a great source of used government cars and lawfully seized vehicles. You can make huge savings - up to 95% off the market price at these auctions. The used cars tend to be just two or three years old. Impounded cars are more diverse and can range from the lower end to the luxurious end of the market. You may find at many government auctions that additional goods ranging from real estate and yachts to jewelry and unclaimed cash are also auctioned. If you are shopping for a great car on a budget, you will be able to get just what you want, if you take the right approach.
To start off with, you do need to find out where these auctions are taking place. Members of the public are free to attend these auctions. Unfortunately, they are not well advertised and they can be difficult to find. There are online services that supply you with comprehensive auction listings in your area.
It is best to do some groundwork before going to an auction. The goal of the majority of professional buyers it to make sure they get the car they want at the very best price. Without some preparation, you will find yourself wandering around the auction not knowing what to do and you will miss opportunities. Before auction day, try to get a list of the cars that will be sold on the day. Narrow the list down to the vehicles that you are interested in buying. Find out the market prices of the cars you are interested in. You might also run a vehicle check, if you have any issues about the history of the vehicle.
If you are interested in a seized vehicle and like me, you are not really familiar with the inner workings of a car, it is normally worthwhile asking a friend or somebody knowledgeable about cars to attend the auction with you. They can make certain everything is in order with the vehicle. A government used car will typically be sold with stamped log books and a full service history.
If you go to a federal auto auction, you are certain to find a really low cost car. With a $100 dollar opening bid at a lot of of these auctions, you can't go wrong. To get the best deal at these auctions you really need some insider knowledge. The best source of this type of information, is online service providers. This type of service will provide you with all the resources that you need to get the best savings possible.