In today’s economy it pays to know how to find great car deals at impound auctions. It’s amazingly easy to buy a late model good condition car at 90-95% off the retail price at these events. All you need is a driver license and to be at least 18 years of age to participate. To find out where these regularly held auctions are in your area you need to be on the lookout in the classified, newspapers, etc. There are also online listings that regularly keep this information updated. The problem is that the government is not the best at advertising these auction events so you have to be
Most of the vehicles found at these auctions have been impounded or seized because of tax reasons or because of non-payment of the auto loans. The banks and the government can’t afford to hold onto these vehicles for very long so they are willing to get rid of them at great discount.
Most of the cars will be late models and in good condition. There could be a few scratches and dents but they are easily repairable and the vehicles are in good driving condition anyway. Some of the cars may have been involved in a crime, but the vehicles are all checked out for their registrations, etc, so the cars are entirely legitimate.
It is not only just cars that you can find at impound auctions; you also can find great deals on motorcycles, boats, RV’s, jet skis, etc. If you have a son or daughter, a government auction may enable you to get them off to a good start with an automobile.
Vehicles are sold “as is”, so it is in your best interest to do an inspection prior to the auction and usually there is a two day inspection period before the event. Some vehicles however will still be under warranty by the manufacturer. You just need to have your money in hand to pay in full, whether by cash or credit card on the day of the sale so you need to have your financial arrangements ready beforehand. All in all, it is a very easy and profitable venture to access governm