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Government seized cars, bank repo cars?



Government seized cars, bank repo cars?


Best way to find deals for government seized cars for sale?
Repo cars and government seized cars are supposed to be cheap, but how can one find the deals?

Any experiences with government seized cars or bank repo cars for sale?

Thanks.


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7 Posted Answers
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Looking for government seized cars or bank repo cars for sale can be risky, but if you are organized there are many bargains on hand.

 

I would suggest you 1st get a comprehensive list of vehicles up for auction (I'll give you a link further on), and do your own independent valuation of all the cars which you could be interested in. Set a ceiling bid / value for every vehicle and don't go more than that price.

 

Note : The repo , impounded or government seized cars which you would like to bid on should have titles (or at the very least  - be able to be titled) or else you can't obtain insurance.

 
If you have not experienced a car auction already then I recommend that you attend a few auctions beforehand so as to have a better comprehension of the process - it's critical to build up a bit of confidence seeing that car auctions can be quite nerve-racking the first occasion.

Once you have attended a few auctions you may begin to recognize the regulars - the people in shirt and tie are in all likelihood used car salesmen.

Take note of which vehicles they bid on , they're assured to know the market (what price they can market the car for) and in addition the general condition of the cars - they will most likely be on friendly terms with the auction employees and would get extra info - most certainly more than us general public.

 

Consider that the repossessed car dealers will be looking to get a fat profit on the vehicle so they can't bid as much as yourself - this whopping profit that the salesmen would add on could potentially be your huge savings ....
(This is the most secure method that I have found out for obtaining cheap impounded cars for sale - you could go it solo if you have reliable advice and feel certain.)

 

The top way to get info about future repossessed car auctions are with  Government seized cars auctions , they are authorities and maintain one of the biggest, up to date and most trustworthy information archives of Government & Police auctions of used, repo, impounded and seized vehicles, trucks and SUV's.

 

Otherwise you can try and check through hundreds of internet sites, magazines and newspapers, plus / or contact various vehicle repo institutes and credit unions. This would take heaps of time and effort , and honestly, you would not come near to the quantity and standard of up to date data which a business who focusses on this could. If you would like access to the top bargains on offer then getting the most complete and up to date info is key.



Hopefully I helped you a little with your search for repossessed, impounded and government seized cars for sale.


All the best, and if you're patient and do the groundwork I'm sure you will be able to get an excellent deal!

Posted 2009-08-27T07:45:13Z
 
96 helpful answers

Mat. 6:33 "Seek Ye First the Kingdom of God and All these things Shall Be Added to You!!!

Every so often Govt. ententies have "Auctions/Sales" & they "Must Announce Them" somewhere, News Paper. I-Net etc.. Contact these "Agencies" & "Sign Up" to receive their "Announcements". Then, buy a "Blue Book of Whosale Car Values" so U have an iidea as to the values U will be dealing with. Figure out what cars U will be "Shopping" for & learn as much about them as possible. Have a good Mechanic U deal with come along on the "Inspection Day" to advise U unless U know how to evaluate a car. Take "Notes" on each car & set a "Max Bid" factoring in the "Costs" for Towing, Repairs, Tax, New Registration & License as they specifically keep them until they Expire for Their Gain!!! A 6 pack of Adult Beverages can help here. U usually need to "Post a Surety Bond" with the "Agency" in the form of Certified or Cashiers check as well. Good Luck!   John

Posted 2009-08-30T17:11:19Z
 

Thanks James and Moosemose,

excellent info,

I feel a little more confident on finding government seized cars ... ta

Posted 2009-08-31T18:58:18Z
 
1 helpful answer

there is no "real" list for government seized cars - banks do not sell reposesed cars or homes , they are all turned over to either a car wholesaler or a realtor company If you have a certain car or house in mind then contact the bank -they may or may not tell you

Now and then-if you catch the bank at just the right time -and ask -they may offer you the car or home at what is owed on it

Posted 2009-10-07T08:23:47Z
 

Check your local paper for repo car auctions in the area. Usually in the sports section on Wednesday or in the classifieds. The car rental companies also update their fleets when the new models come out in October.

Posted 2009-10-13T10:23:33Z
 
2 helpful answers

for the most part , government repo and seized cars are reliable, but you can also buy a brand new car off the lot & have problems, low chance of it happening, but nothing is guaranteed.

Posted 2009-10-23T10:03:11Z
 
2 helpful answers

Website for government seized car auctions and impounded cars in las vegas?

looking for a cheap but nice car, is there a website for impounded or seized vehicles by the police in las vegas?

Posted 2009-11-01T11:21:00Z

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