Government Seized Car Auctions – 5 Key Tips to Getting your Choice Wheels

You really need to consider government seized car auctions if you want to buy a quality car on a tight budget. Quite frankly, even second hand car dealerships cannot offer you a better deal than the auctions. There is always a middle man fee that used car dealers would have to charge for profits and their service. On the other hand, the government is only concerned about selling away the repossessed or seized cars without making a profit. This opens a door of opportunity for anyone to drive home a quality car at very low prices.

Buying Cars at Government Seized Car Auctions Carry Some Risk

I would be bluffing you if I told you it is a bed of roses to buy cars at such auctions. Naturally, there are risks involved in bidding at auctions. But with some key tips which I am going to mention, you would be in a much better position to get a quality car for a price much lower than what it is worth.

1. Check the title of the automobile. If it is a rebuilt, take at least 30% off its value.

2. Do a vehicle history report. Compare the odometer reading against your report mileage reading. There is a physical method to do so. You can always check the brake pedals to see if the wear and tear is excessive. If the condition is very worn out and does not seem to tally with what the odometer is showing, then there is a high chance that the car’s odometer has been tampered with to show a low mileage.

3. Deduct the value if the car has exceeded the average mileage. There is a standard for the annual mileage of vehicles. According to the US Department of Transportation, on annual average, a car is driven for 13,500 miles. If the car you are interested in bidding has crossed the average, say by 1000 miles, take this figure and multiply it by 15 cents per mile exceeded. This is the value you should deduct. In this case, it is $150.

4. Gain some experience and get yourself familiar with the entire bidding process at the government seized car auctions. You may want to attend a few to understand how the process works before you actually bid for a car at the auction. It can be overwhelming for a first-time owner.

5. Trust your instinct and think logically. If a car looks really good and there is no way it could be priced so low, then there is a high probability that something is wrong with it. Avoid bidding for it even if you love it. Believe your logical mind.

Simply following these 5 key tips can save you a whole lot of headaches later and get you a better idea of how to bid for the right wheels at the auto auctions. Finally, take action and check out where is the upcoming or existing government seized car auctions in your neighborhood through my car blog.