Treasury Department Auctions: The other agency very active in holding auctions is the Treasury Department, with roughly 300 sales per year. Treasury often offers in-person previews in California, Florida, New Jersey and Texas. Treasury auctions off "property forfeited as a result of violations of federal law enforced by the Department of Treasury or nonpayment of Internal Revenue Service taxes," according to its website. There are many categories of goods, including concrete items like antiques and coins but also less tangible property like stocks and patents.
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.
"There are two types of public auctions," explains Steven Lang, who runs a used car dealership in the Atlanta area and once owned a dealer auction (not open to the public). "There are government auctions and there are public auctions." Both are full of potential pitfalls. Here's a quick rundown on both and 10 tips for getting the most out of either. That is, if you dare to venture into the auction pit.
All diesel vehicles and equipment operated in California may be subject to the California Air Resources Board (ARB) regulation to reduce emissions of air pollutants. Therefore, these items could be subject to exhaust retrofit or accelerated turnover requirements to reduce emissions of air pollutants. For more information, buyers may visit the ARB website at http://.arb.ca.gov/dieseltruck. Compliance with these regulations and all cost associated with meeting ARB requirements shall be the sole responsibility of the buyer.
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.
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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.