Thursday, February 9, 2012

In government auction, is there a string attached to it? such as obtaining a car at a very cheap price?

cars owned by government such as police car pound, those cars can be bought at a very low price through government auction but is there a "string" attached to it such as tax, monthly payment or anything to make it fair for selling at a cheap price?In government auction, is there a string attached to it? such as obtaining a car at a very cheap price?
Police impound cars can sometimes be had cheap -- But be aware they are sold as is. In many cases they dont even have a key for the car so you have no clue if it starts.... In some states when the cops sell cars at the impound lot they DO NOT GIVE you a title. In New York State they just give you a salvage or junk certificate (MV907)..... You cant register a car with one of those. You have to make the car road worthy then apply for a special state inspection so they can determine if the car is safe and no stolen parts were put on it when you fixed it (save receipts)........ This is a hassle for most people and may be for you..... Every states different so ask questions before the auctions start!.. You most likely will pay the state sales tax and at some auctions the auctioneer gets a 10% - 15% fee on top of that... Thats his cut for running the ads in the paper and handling the paperwork for an auction...... I remember years ago you could get good deals at these auction but not anymore in my area..... You have to bid against the junkman, dealers, used car part dealers and all of the armchair wannabe car hustlers - its not pretty........... REGULAR GOVT CAR AUCTIONS arent to bad.... I have got some good deals there but remember everybodys on to these auctions these days so sometimes there arent any deals to be had.... You show up, bid the price and if your lucky you will win. There are no warrantys and be prepared to pay an auction fee and the local state/county sales tax..... Some state auctions will have a note on the car as to what defects it may have like transmission, engines, rear end etc....But They do not tell you every little nickel and dime thing that may be wrong with it. Some auctions tell you nothing, they start it up and thats it -- REMEMBER these are govt agencys like police depts, water depts, taxation and social service depts -- THEY ARE NOT car dealers so they dont have to warranty them, fix them or tell you squat about them.... They are at auction because they are old, used up or dont fit there needs anymore........
Don't Be Foolish! Learn The Facts About "Gov Auctions" ...

http://cb-review.blogspot.com/2009/03/gov-auctions-review-us-government-car.html

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In government auction, is there a string attached to it? such as obtaining a car at a very cheap price?
the only thing is you take things As Is, other than that no catch. Enjoy and have fun Good Like.
most likely it'll be from theft recovery or major overall repairs, I bought 3 from police impound auctions and I did a lot of work, theft titles lower your car value very much, heck never know if anyone died in it *wink ;)In government auction, is there a string attached to it? such as obtaining a car at a very cheap price?
The biggest catch is that you are getting as is and that is it....no warranty, no help, whatever is wrong you fix it yourself. That is it. It may not roll of the lot even......LOL. But, you don't get any of that information with some auctions until after the purchase. It is a risky way to go...but, if you have the cash and know what you want....good luck!
There really is "no string attached." You have to be very careful though because you buy the vehicle "as is" which means you can't go back to the government if something goes wrong with the car. The only way you can get your money back is if you can prove they violated the "Lemon Law."
Depending on the auction you attend, there may be a percentage or flat fee to the auctioneer. Say you buy a $400 car, there may be a 10% fee ($40) or a flat fee ($25) added to that price. You will have other costs such as title fees, registration (which may have back registration due), sales tax (you pay that on any car no matter where you get it), and towing. Yes, some cities won't let you drive a car away from an impound auction. Don't worry, tow trucks hang around auctions like pigs around a mud pit. And you may not get keys with your car, so you may have to use a locksmith to cut keys. Again, locksmiths will be hanging out to help you, or you can call one out to your home. I have bought many abandoned/impound cars and have been lucky to always get keys. Usually the auctioneer will announce if keys are available.
The only string at Government Auctions is they require cash. Considering use and abuse, cheap price may not be a bargain. And, tax is added.

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