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Posts Tagged ‘police auctions’

So you are at a point where no one really needs to sell you on the fact that police vehicle auctions are a good place to shop for bargains. Perhaps you just need a good strategy to follow in order to translate your efforts to some serious dollar savings. If you’re strategy includes the following 4 steps, you will be well placed to achieving your goals set for these auctions.

The Car Inspection

This is an absolute golden opportunity given by the police department – the opportunity to, in-depth, inspect all parts of the car. Make sure that you use it!! Most auctioneers won’t actually allow you to drive the car for a ‘test run’, but you will at least be in a position to inspect the engine and look for any troubling mechanical signs.

The Vehicle’s Registration Number (VIN)

Where most people get into trouble is when they overlook the fundementals. If you need an overview report on the auto’s history (on issues such as if it’s been stolen, damaged, etc), you can obtain this with the vehicles registration number at no cost. This report will give you exactly the sort of information you need to determine if you want to even buy the car at police auction

The Title

Granted the police department does do a little bit of work to confirm if there are any outstanding liens on the car. They generally don’t however do a very good job of it. Rather check this for yourself as it’s a gutting experience to have the auto that you just bought repossessed by a creditor.

The Valuation

If you enter the auction without knowing what a reasonable market valuation of the vehicle would, you are setting yourself up for serious trouble. It’s like driving downhill without any brakes on your car. If you don’t know what the valuation of the car is you will bid till you get it – more often than not substantially more that it’s worth. Because of this, ensure that you do know the accurate valuation and DO NOT bid a single cent more on it.

With all of this information you will usually be perfectly prepped for a standard police vehicle auction. Many people also get caught up with the events on the day – especially true for live public events. To be successful you need to remain relaxed and keep to your pre-planned strategy. The most successful bidders the ones that remain relaxed and collected. With their fixed strategy they usually walk away as the winners.

Even the mane sounds a bit strange : police car auctions. Just by saying police car auctions we get a couple of chills. {Some think they are selling cars that belonged to the police, cars that have POLICE written all over. People tend to think these auctions are selling only used police cars, because of the name. When people hear this term, they immediately imagine a big parking place with lots of police cars that are for sale.} Unwary people think that these cars were part of who knows what illegal auction, and are convinced that they belonged to murderers. While any of the horrible, yet plausible statement above can be true in about 3% of cases, cars that belong to the remaining 97% have a totally different story behind them.

It’s true that police cars that are still working and look good, but for some reason have been parked around for a while and never used are sometimes auctioned. But these cars won’t be given away with police colors, stickers and inscription. The cars get repainted and all stickers and other police property will be removed. The auctioned police cars come from extra sticks, or because of stock re-newing. Since they are not trying to regain an investment or recover some unpaid credits, the cars will sell for anything they get offered. This is how the low prices are explained. Buyers that go to these auctions know this, and never overbid on a vehicle, trying to keep prices as low as possible. If you want to go and try your chances, you will have to pay cash, no bank transfer accepted, and calculate any offered car’s price at about 50% off its normal price. Not going over that limit permits the general car prices in these auctions to continue to stay low.

The police also auctions cars that belonged to convicted people that have no possibility of paying for affiliated car payments, or cars that have been impounded for various reasons. {Sometimes, even cars that were not entirely paid for are sold by the police. Cars that are new but not entirely paid for can be also sold. New cars that weren’t successfully paid can also be sold in these auctions.} {These cars are usually as good as new, and their prices will be a little bit higher that those of the firstly mentioned cars. These new cars will have prices that are a bit higher. Because they are practically as good as new, they will register bigger selling prices.} Still, the estimated value of one new car will not be reached. Here you can also buy repossessed scooters or motorcycles, but you likely won’t find a almost new Razor pro scooter.

So, the main idea is that by going to a police car auction you could be walking away with good low priced cars. You can then sell it and make a huge profit, then use the money to attend to the next police car auction and start a car selling business just by doing this frequently, in your spare time.

Obviously, they do. Car auctions sell all types of cars, from luxurious vehicle to total junk cars. For some, other’s junk cars can constitute a profit opportunity. Some people buy defected cars, cars that took part in driving accidents or old cars that are beyond repair and they use them for spare parts or transform them altogether into new and exciting driving temptations. But there are also people that do not dispose of a big budget and they only want a cheap car, even if it’s damaged, a car they can repair later, when they get the money.

Due to the increase demand on the damaged cars market, auction officials started organizing events in witch only these cars get presented. A damaged car auction is not a rare event because many people would rather sell a car in witch they had an accident rather than try to repair it. They try to sell the cars in such auctions and then get a new car. In damaged cars auctions the prices are usually low and they are all based on estimated value of the car, if it can get fixed and approximate potential. If you are lucky you can find all kinds of deals, however you most certainly won’t find a Razor Powerwing scooter there.

The low prices should not be the only reason behind your buying decision. Be sure of your purpose, and decide what you will be doing with a damaged car. If you have mechanical skills, that’s a good enough reason. Being a car salesman is also a pretty good reason. But for people that want cars to drive them around, what can a damaged can give them? Only you can answer that question and if the answer if good enough and can be done, then you should go ahead and make a purchase.

Make sure you know what you’re bidding on. Do check parked vehicles before auction starts. {Check any visible defects, and also ask the owner to open the car so you can inspect the interior. Check the exterior, the lights, the engine and also enter the car if possible. You should try to enter the vehicle after checking the exterior parts.} If a heavy smell can be felt, if rust and uncomfortable chairs are present, know that these can be caused by water therefore that is a car damaged by floods. No one should buy these care because they also present lots of other defects that do not show at first glance. Cars that do not run should be checked by a specialized mechanic to try and evaluate the engine damage.If you are a fast learner, you can try to read about engine trouble before coming to the auction.

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!

A countries federal and state laws are enforced by the police department. This is their main responsibility. This activity includes impounding cars, which are confiscated for a number of different reasons. Storing and managing these cars are a headache so the police does not impound them permanently. Quite the opposite – they get sold at car auctions.

This is an opportunity for consumers and speculators to buy good vehicles at a very good price. To really be successful at police impound car auctions, it’s worthwhile to know the process that leads up to the actual auction event. So why do police departments decide to impound certain cars? These rules are different from state to state, but generally include the following:

1. The car’s registration has expired for a period in excess of six months.
2. The owner/driver of the car has been involved at criminal events.
3. The vehicle has parking issues in the form of unpaid tickets or being parked without a permit.

You should know that these are not universal, but does however provide a general idea on the reason why vehicles get to call the impound their home.

The police department will normally notify both the lien holder and owner of the vehicle once it’s been impounded. The car will remain in the impound yard for at least 30 days. Sometimes the holder of a lien may decide to repossess the car whilst it is in impound. This is depending on the state’s individual laws regulating these issues as well as the individual finance agreement of the financing house.

The police department will lodge an application at the relevant courts to sell the cars if after 30 days there have been no response by the lien- or registered owner. This whole process takes quite a few days – normally between 40 and fifty days. Upon the department receiving approval, they can proceed to sell the car at a police impound car auction.

The police departments utilise a variety of means to communicate to prospective auction attendees. These are normal newspapers, online press releases as well as other miscellaneous means. There will normally be a catalogue released to display all the available items on the day of the auction.

One thing bidders need to be weary for is the potential for outstanding liens on the car. All the procedures running up to the actual auction event doesn’t leave many room for the police department to confirm any outstanding liens or other legal charges on the vehicle. Be sure to therefore check for this.

With sufficient research, you’ll be impressed with the bargains you can find at police auctions at car impounds.

There’s a whole new way for the average person to get a good bargain on a second hand vehicle. Try looking for your next car at a police auto auction.

Local police departments in every region of the country hold an annual car auction. The reason behind these events is to clear out their accumulated stores of confiscated merchandise. Every year, police departments find themselves with an excess amount of seized or unclaimed goods. This usually includes cars, vans, trucks and even boats. Most of these vehicles are sold to the highest bidder at auction.

Automobiles aren’t the only items available at bargain prices at police auctions. You’ll also discover merchandise such as office equipment, furniture, artwork and jewelry. When criminal activity takes place, police departments have the right to seize property. This means any goods that were used to commit a crime or that were obtained illegally.

Most of the time, police officials do exactly that. In fact, there is often quite a surplus of items, so they will sell a lot of confiscated material at public auction. By getting rid of the merchandise they make extra money to run their department as well.

Nevertheless, vehicles are the hottest seller at most police auctions. You only need to head down to your local automobile dealer to understand why. It can be prohibitive for some people to purchase a new or used vehicle from a dealership. That’s why so many people are looking for alternative ways to get a decent car at a good price. One place they are turning for their next car is a police auction.

These days, it can be even easier to purchase a car at a police auto auction. At some police car auctions, you are permitted to place your bid online. This can happen either before the auction begins or with real-time bidding from hundreds of miles away in your own living room. That means you can be the winner and not even be on site.

It can be a lot of work to track down just where and when some of these events are scheduled for. If you don’t know where to look, or don’t have the time, there are online services that can find a police and public auto auction for you. They will usually charge you a small annual fee. By registering with this type of service, you’re much more likely to find a good deal at a police auction. Your time will be freed up a bit and you still get the insider knowledge to getting a great deal on your next vehicle.