Government Car Auctions ExposedExposing government car auctions is simply stating what they are all about. They seem to be so secretive about the 'whens' and 'wheres' of it all. People know they exist but they just do not know how to find out so they can be there. These auctions are run using confiscated cars. They are confiscated from drug dealers or people who owe taxes or those who simply cannot pay off their loan. Impounds are good sources for cars that get auctioned off.
When they hold these government car auctions they use the money from them for prosecuting the offenders. Sometimes it may go to pay back the victims. Mostly it goes into the coffers of whatever government held the auction, be it local, state or federal. The good thing about these government car auctions is that sometimes you really can get a great deal on a great car. The real trick is getting the information about when and where the auctions are going to be held. That's why many times this information is 'for sale' and not available to just anybody.
Many people fall victim to the scams of some agencies who state they will just hand them the information on where to find Government auctions. The most difficult part is finding websites or companies that will provide this information for free. People are made to believe that these Government auctions are so secret without good reason. The Government wants to sell off the cars to make money so why not make them public and increase auction prices since the demand is so high? The Government is not withholding the information; the agencies that are selling the information are who is holding these auctions as secretive.
You can find government sites that will let you in on information about more than just government car auctions, but real estate auctions, and general merchandise auctions as well. You'll find that there are 3 federal agencies involved with these government car auctions. The U.S. Marshals Office is one, the Treasury Department is another, and the General Services Administration is another. They usually contract the auctions out to private auction companies. This is when you're likely to have buyer's fees involved.
The internet is a fantastic place to find out about government car auctions. You can find out exactly when the next auction will be held, and for many you can bid online. If you should find the need to do so, you can also contact the 'Consumer Information Center' and request some auction information by telephone. (888-878-3256). They are located in Pueblo, Colorado. Local bulletin boards and newspapers and magazines are some other auction information sources that are worth checking out.
I hope this information has been useful for exposing government car auctions and showing the reality of what they're about. Most of them will require that you register before you bid. This means showing ID and getting yourself a 'bidder number' along with a program list. Take the time if you can to look at the inventory during the preview times and see what you're interested in before attending. Of course, if you bid online this won't apply. You'll find that for most transactions that are under $5,000 they'll want the full payment at the end of day. For larger sums a deposit may be all that's required upfront. You should acquaint yourself with the rules of the particular auction you bid in because they won't all be the same.
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Find government car auctions in your area by going to accessgovernmentauctions.com/