"At a government auction it's, say, a county that has 30 or 40 police cruisers it needs to get rid of. And they want to sell all of it," Lang says. "All the vehicles have known histories—how they were maintained, used and fixed, and their mileage is virtually always honest. You'll know what you're getting." Still, you don't get to drive a car before you bid on it. So you'd better have a sharp eye. Make that a sharp, trained, cynical, wary, pessimistic and rabidly suspicious eye.
Another problem that you might face with local police auctions is finding information related to their occurrence. You can find the information on websites that deals particularly in government auctions. After acquiring the information of its timings, you need to call the local police department, and register your bidder number. Bids only from registered bidders are considered in these seized car auctions. It is advisable to obtain Vehicle Identification Number (VIN) prior to bidding for the car and run it through the Carfax website. It helps in checking the past history and allows you to buy a clean car.
GoodWill is a nonprofit organization that operates retail stores to raise money for people with disabilities or who otherwise need a helping hand. Its online auction site, ShopGoodwill, is a collaborative effort from GoodWill stores all across the United States and provides an impressive variety of all sorts of products, from cameras to tools to sports equipment.
This is about auctions where the cars are the most ordinary of ordinary vehicles: Ford Crown Victorias coming off six years of patrol duty with the county sheriff's department. Toyota Tercels with so much mileage that their odometers have worn off the printed numerals. Plain sedans, base model pickups and early '90s Pontiac Firebirds confiscated in drug stings. Cars you can get cheap—maybe.
Any dispute arising as to any bidding shall be settled by Auctioneer at his sole discretion, and Auctioneer may put the lot in dispute up for sale again. Auctioneer reserves the right to refuse any bid, which it considers to be an insignificant advance over the preceding bid. No person shall bid on any lot of which he is the Consignor, agent, associate, or on behalf of the Consignor.
As an auctioneer I can tell you from a lot of experience that everybody on this site should be looking for and attending local auctions. The people who make a living buy at our auctions and resaleing on ebay or other means is truely amazing. One retired person built a 20 by 30 shed and did a garage sale ones a month and never did less then a $1000 and many time he told me he made 2 to 3 thousand on one day a month. He would purchase the piles of stuff we could not sale and sort through it and clean it up. We have purchase almost all of our furniture at auctions and most of it people who come over think it is brand new. Furniture is not selling very well because young people go to walmart or other stores and pay full price.
Cars at government and public auctions sell on visual inspection alone. So look at everything and look for telltale signs of repairs such as paint overspray, less than smooth sheet metal, puddles under the vehicle, scored brake discs, an uneven stance and a million other details. Use your nose, hands and legs, too. If a car smells musty or the carpeting is wet, run away.
I used to work with a guy whose hobby was buying cars at the Repo Depot. He and a friend would split the cost and the friend, who was a mechanic, would fix what needed fixing. My co-worker, who was a very meticulous guy, liked detailing vehicles — it would be sparkling inside when he finished. Then they’d sell the car through a want ad and make a decent sum.
In economics we tend to think of auctions as a good way to get at the true price of an object. Of course, it isn’t quite perfect as there’s still problems with information asymmetries, and people can get a winner’s curse because the people who err in thinking the car is worth more than it actually is are the ones who are likely to win. On the other hand, the price can go lower if there just aren’t enough people at the auction for that to happen– you need at least two people over-valuing the object and willing to pay for it for one of them to over-pay.
Removal of all items shall be the sole responsibility of the purchaser. Loading assistance is provided as a courtesy; however, purchaser assumes all risk and responsibility for loading and removal of purchases. Auctioneer reserves the right to require proof of adequate insurance coverage from any purchaser items requiring dismantling, rigging or hot cutting. Purchaser agrees to indemnify and save harmless both, consignor and Auctioneer, its officers, directors, employees, agents, and attorneys against any damage caused by the acts of purchaser. All items must be removed from the auction facility within 2 days after the auction date. If for any reason purchaser fails to remove any purchase within the time specified, the purchase shall be deemed abandoned, and Auctioneer at its sole discretion may resell the items. Purchaser shall be liable for any rent incurred or damages suffered by Auctioneer because of purchaser’s failure to remove any item. Failure to remove items will result in a rental / storage fee of not less than $25 per item per day.
The U.S. government auctions off thousands of surplus items and forfeited property every day to the public through online and live auctions. Anyone can bid on items like computers, equipment, vehicles, real estate, furniture, jewelry, designer clothing and more. State and local governments also hold auctions throughout the year. You can access government auction listings directly online or by signing up to receive notices of upcoming auctions by email or mail. You can gain access to auction listings free of charge.
If you're looking for a good deal, you'll find it at online auction websites. Cars, jewelry, clothing, books, homes, and land are all available at bargain prices at these bidding sites with their amazing variety and choice. Collectors — from Star Wars to Disney — will also appreciate these websites, because frequenting them is a great way to increase your collection without breaking the bank.