Bank Seized Cars For Pennies on the Dollar – Find Out the Secrets the Dealers Don’t Want You to Know

Ever wonder how dealers get their cars so cheap before they mark them up and sell them to you at a profit? Sometimes they do it by purchasing government and bank seized cars at auctions.  Auctions on government and bank seized cars are held throughout the United States.  How much you end up saving depends, of course, on a number of factors. The most important factors are the type of vehicle (make and model) and how much competition there is for the vehicle you want. Many times, there is little competition at auctions. It is oftentimes possible to buy seized cars for as much as 90% off blue book value.

There are also online auctions almost daily where you can purchase the exact car you’re looking for. These auction sites will require a small fee for their services, but they allow you to search by exact make and model. You may be able to purchase the exact vehicle you’re looking for online, even though it may be located across the country. Because you will not be physically inspecting it, you may want to make sure you get a vehicle history report before purchasing this way.

Typically an auction center will provide a free 3-month limited warranty on any seized car you buy. An extended warranty may also be available for an extra cost. One thing to keep in mind, however, is that some of the vehicles are newer and may still have the balance of the manufacturer’s warranty.  If you don’t check into warranty information you may end up buying a vehicle “as is”.  If you do so and you bought a lemon, you cannot return it and you are stuck having wasted your time and money.

If you want to get started buying seized cars, trucks and SUVs, the first step is finding a reputable auction site. They will give you all of the information you need to buy seized vehicles.  They should also provide tutorials and guides that help you show up prepared.  And preparation is the key.  If you don’t prepare properly, you may find that you’ve successfully bid on a vehicle but that you don’t have enough to pay for it or the right payment method. 

There is also plenty of other information out there about how you can buy bank seized cars.

How To Find Seized Cars – Buying From The Government

You know the story. There are thousands of cars seized every month by the police, IRS, DEA etc. These cars are very expensive to store. They must be sold. And this is the scope of this article. How to find where these cars are sold and what to know in order to buy one.

There are government websites filled with seized car auctions. Just visit a major search engine and search for “find seized cars”. The #1 result will be the one from the government website where you can find seized and surplus cars and vehicles for sale. You will have the option to either buy online or offline. There will be links to other websites where the auctions are held.

Whether starting a new business or expanding an existing one or you are just an individual looking for a cheap cars you will find all of these auction-websites very user-friendly and filled with information regarding the cars on sale. The best part of course is the price. If you search well you will find deals as low as 90% off the actual price of the car! If you get lucky you could find the car of your dreams in those seize cars listings.

Then there other private websites which search for seized cars listings all over the US and maintain a database of listings which they offer to visitors for a small fee. The difference between these private websites and the government ones is that it’s easier to find what you want and demand support from the company if you use a private website. I know free is better but when you are looking for the car of your dreams you should be willing to spend a dime asking for help on how to search.

No matter which type of website you choose you will need some luck to find the car of your dreams in an seized car auction. Some listings are very informative, others look mysterious especially those listings regarding military vehicles. If you live in the US you can take advantage of this offer to buy a seized car from the government.