Great Autos at Police Auctions
So it’s about that time. You need a new car for the family, but money is a little tight and not exactly growing on trees. This is nothing to be embarrassed about. With these current economic circumstances the majority of people are cutting on their expenses as much as possible
Very few people haven’t heard of the amazing deals that you can get at a police auto auction. The question however still is: Are they really as good as people say they are? I’m sure by now you’ve heard of the big bargains you can get at a police auto auction, but perhaps you’re still wondering if all of this isn’t just hype..
This question is best answered by looking at the origin of cars sold at police auto auctions. The cars come from being confiscated from criminals or involvement in illegal activities. This basically means that, unlike a banking institution, the police have no incentive to ensure maximum pricing at the auction. This is a near perfect scenario for potential bidders, as you are transacting with a seller that doesn’t need to sell his product at an acceptable market value.
So you like what you hear and the idea of autos at police auctions. How should you proceed now going forward?
The least complicated way to start is by contacting your local police department for the information. Chances are that the person you’ll be speaking to first won’t really know what the heck you are talking about. Although not entirely impossible, consider yourself lucky if you are transferred right away to a relevant department that will have the information you need. Don’t overcompliacte things. Start simply by getting the list of dates and going to the next auction.
You also hear of these events through flyers, newspapers, online advertising platforms, etc.
So once you know when the next event is held, you’ve only really done about 25% of the job. Your next move would be to get a catalogue from the auctioneering company which will list all the vehicles up for sale at the event. Using this catalogue you will be able to pinpoint the cars that you’ll be interested in.
Using this list, start to do the ‘auction groundwork’ by doing background research, in-depth inspections, comparative valuations, etc. on these vehicles. This will really enable you to identify the autos that are worth your time to bid on, and the cars that aren’t. Always remember that your actions at the auction should be dictated by the research and analysis you’ve done beforejhand and NOT by your feelings and emotions. If you follow this particular ‘blueprint’ you will purchase your next vehicle for significantly less than what you intended!
