Government auctions are a great way to snag a retiring cop cruiser on the cheap, and being owned and run by the feds, you better believe it’s going to have records of every oil change, spark plug, and water pump that went into the damn thing. Nevertheless, it’s always best to remain objective, because even though it’s being sold by the United States government, that doesn’t mean it hasn’t been thrashed. The competition at these things can also be pretty fierce at times (cab companies love old Crown Vics), so if cop cruisers and confiscated drug trafficking cars aren’t your thing, there are probably other options out there for you, like public auctions.
In early 2015, we made the decision to help our clients auction this piece of property & evidence through innovative solutions that not only fulfills this requirement for many agencies, but also supports public safety as in many jurisdictions the proceeds from these auctions can be used to purchase products like wearable body cameras, tactical gear and more.
8 Cassettes on the following 8 topics: 1. Introduction to Government Auctions 2. Government Surplus Auctions 3. Government Seizures and Confiscations Auctions 4. Government Foreclosures and Repossession Sales 5. Government Real Estate Part 1 6. Government Real Estate Part 2 7. Unclaimed, Abandoned and Specialty Auctions 8. How to Participate in Auctions
Many police forces across the UK sell on loot which they've seized. And because this isn't widely known about – and because the police sell on items they'd otherwise have to store or dispose of – you could bag real bargains. For example, we spotted a kids' bike for 99p (collection only), a classical guitar for £14 (incl delivery) and an Armani watch for £15 (collection only).
But there is a twist - NO firearms will be auctioned on PropertyRoom.com. Instead they are offered for auction through Federal Firearms Licensed (FFL) partner BudsGunsShop.com on their auction website eGunner.com, a division of BudsGunShop.com. Partnering with an organization like BudsGunShop.com who has over 40 years’ experience in the firearms industry and has sold and shipped over 1 million firearms, ensures that firearms sold will be transferred from FFL to FFL and all legal requirements, including background checks before release, will be completed to the letter of the law.
K – Your assertions may be true for your stores, but that is not the case for the bulk of vehicles at auction. Many dealerships will send off brand trade ins to the auction (ex: Chevrolet dealer takes a Ford in on trade). Additionally dealerships will often “turn” their inventory sometime between 60-120 days. If they’ve purchased a car and it’s not moving many dealers will move it to get their cash back out of the car and put it back into another car that they might be able to retail, and make a profit on.
Depending on the agency, the government may use revenue from auctioned items to support crime-prevention programs, pay restitution to crime victims or purchase new equipment the department needs. "By providing agencies with the ability to dispose of excess assets, GSA benefits taxpayers by eliminating the need to maintain and store the unneeded property while also raising more than $300 million in revenue in just the last two years," a GSA spokesperson said.
The Department of the Treasury has designated CWS Asset Management & Sales (CWSAMS) as the prime contractor responsible for the maintenance and sale of seized and forfeited real property throughout the U.S. Our website is incorporated into the official Treasury site, http://www.treasury.gov/auctions/. CWS is not affiliated with any other auction information services, seminars, or publications, and we never charge a fee to access these auction listings.
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.
Watch the mood and trend of the crowd in the bidding before your vehicle comes up for sale. I've noticed that at auctions there are frugal crowds and there are spendy crowds. I don't know why this is. I've seen furniture, tools, and kitchen cabinets sell for 10% of retail. But I've also seen them sell at what you'd pay for full retail in a store at the same auction house on different days. There doesn't seem to be any rhyme or reason to it. Always be prepared to walk away. There'll be another auction in a week or two.
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.
Almost every day law enforcement agencies from all across the country seize a wide range of properties that are connected to criminal activities. After the property has been used as evidence for the criminal trial and has been processed, the government will no longer need to hold this property, those properties are auctioned off to raise the money for administrative works and development. Seized auction are also resulted due to custom seizures, tax seizures and criminal seizures. For instance, when a trafficker's or drug dealer's home is raided by the government authorities, their possessions are confiscated as a result of being obtained from illegal activities. When a person doesn't pay tax as well, his/her possessions such as real estate, jewelry and cars are also confiscated and they are auctioned off to meet the outstanding tax liability. Similarly people who smuggle into the country without paying any kind of import duty or the items people are failed to prove as theirs when returned from foreign countries are also seized by the government and placed in the auctions.