Policeauctions.com is run by a private company and is not affiliated with the government. It provides information and links to government-run auctions, but the site itself is part of the wholesale liquidation auction market. Items are sold as is and sometimes there are fees. You have to register to bid and get information, but it doesn’t cost anything to join the site.
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If a bidder is logged into the bidding page, a message will display on screen OUTBID. If you are logged out of the system, you will receive an email with the subject “You were outbid”. Within the email is a link to place another bid. If you have downloaded the CWS Auctions App on your phone, you will also receive a text alert when you’ve been outbid.
After registering for the auction of your choice, begin to figure out a budget. Setting a budget helps relieve anxiety and stress that can come along with auto auction participation. Know your budget and stick to it no matter what the circumstance. When the budget is set, you can start to look into your finances. If you are going to need a loan, determine who or what will be your financial lender. Some auto auction firms provide pre-approved loans; if that is a route, you are comfortable taking. Banks and credit unions are other options for obtaining a car loan.
There are a few simple, but necessary, steps to take for anyone interested in purchasing a vehicle through a local public car auction. It is important to know that most auto auctions required registration and corresponding fees. It is usually not free to attend a public car sale. This is to thwart people with non-serious inquiries. Once you have determined where to register, be sure to read the guidelines if it comes with any. Some auctions have their own unique set of instructions to follow.
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As the action at public auctions has grown hotter, the cars have grown shadier. "I've personally seen cars with over 300,000 miles on their clocks rolled back to 120,000 and sold as 'Miles Exempt' meaning no guarantee of mileage," he says. "Most of the cars at a public auction are the worst trade-ins or very rough repos." And as in a government auction, you can't drive a public auction vehicle before you bid on it.
Bidder acknowledges that an auction site is a potentially dangerous place. Flammable, noxious, corrosive and pressurized substances are present, heavy equipment is being operated and electric circuits may be live. Every person at the auction site, at any time, shall be there at his own risk without notice of the condition of the premises and the activities thereon and bidder shall so advise his agents and employees. No person shall have any claim against Auctioneer, its officers, directors, agents, employees, principals, or attorneys for any injuries sustained, nor for damages to or loss of property, which may occur from any cause whatsoever.
Boulder, Colo., police started using PropertyRoom.com in 2007, mainly to unload property that couldn't be traced back to the owners. Before items are put up for auction, they are posted on the police department’s Web site for four weeks. Previously, the department had been stuck holding onto items for up to three years, said spokeswoman Sarah Huntley.
If you are in the market for a replacement vehicle, consider a local public car auction. Auto auctions are especially great for people on a budget because vehicles can run up to ninety percent less than where their market values are listed. Public car auctions are great resources for car buyers on a budget, but first timers should educate themselves. Catch up on how to take advantage of public car auctions if you are unfamiliar with the industry and its process.
Immediately after the bidding, the high bidder will be required to provide their deposit check as the initial earnest money deposit on the property. In most cases, the second high bidder (back-up bidder) will also be required to make a deposit. If you are not the high bidder or second high bidder, we do not collect your deposit. The Terms of Sale will explain deposit requirements for each property. This deposit is non-refundable. Personal or business checks, money orders, cash, credit cards, bank letters, or letters of credit will not be accepted.
Locating your nearest public car auction locations might be a question of doing some real detective work. They are usually hidden away in web searches because they are unaware of search engine optimization keywords which can get them onto the front page. You can try a search at specific sites which you know to be for repo, government car sales or police auctions. You will have to register your interest prior to the sale and you will be given a bidder number. All auctions work on similar principles, but each have their own way of doing things. You may also be asked for other personal details and will have to show proof of ID when you attend. Do some investigating before you attend. They may be able to send you an information pack and will usually have some tips for first time attendees.
GovDeals is the official portal to government auctions, which range from land to computers to cars. The site's categories include surplus and confiscated items from various government agencies. The rules and regulations vary depending on the participating agency, and you deal directly with the agency after you are awarded your bid. The deals are great, but be sure to inquire about packaging and shipping of an item before you place your bid because most sellers do not ship, pack or palletize. You may be responsible for picking it up or paying someone to transport it.
With the budget and loan in place, you should start thinking about the auction’s inventory of cars and vehicles. Moms may need more seats for kids, or business owners may need trucks for hauling and transportation. Be sure to inspect the inventory closely. Do not be afraid to start the ignition, test the heating and cooling, check the seat controls, and more.
Public auctions are not usually advertised to bring in the best revenue. Sometimes there might be a small ad in the local paper, but unless you go looking for it, you might miss it altogether. On the whole, public car auctions are actually really difficult to find. Knowing how to locate your nearest auction room will help you for any future purchases too. The place you should talk to is your department of transport. They will let you know if they conduct their own auctions or put you in touch with a financial institution that does.
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