"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.
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.
If you cannot attend the auction, you may submit a written bid by sending a completed written bid form and the required cashier’s check deposit made payable to CWS Marketing Group, Inc. Mail the Written Bid Form and the cashier’s check to: CWS, U.S. Department of the Treasury Seized Real Property Support, 10611 Balls Ford Road, Suite 140, Manassas, VA 20109, Attn: Real Property Sales. Bids must be received no later than 5:00 p.m. one day prior to the sale date, unless otherwise stated in the Terms of Sale. Unsuccessful bids will be returned within five (5) business days by certified mail. Written bids will not be disclosed prior to the auction.
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.
Several years later, liquidators and wholesale merchants reached out to us interested in utilizing our online auction services and platform as a way to liquidate their goods. As one of our goals is to provide great deals to our shoppers we started allowing a few, hand-selected and Trusted ShopKeepers to sell on our site. Now we have even more quality goods from store close-outs or overstock products up for auction.
Most of these tow auctions in Georgia do not charge a fee to attend the auction. However, expect to pay a fee in addition to the price of the car if you do buy one. Most of these auctions allow you to arrive early to inspect the vehicles – be sure to take advantage of that opportunity. Be sure to contact the auction ahead of time to make sure they accept the form of payment you wish to use. You will need to bring an I.D., preferably a current Georgia drivers license.
Sign up to receive automatic notification of new auction listings. You can call the regional office of a government agency to get on mailing lists for upcoming government asset sales. Each government or contractor website will also have a registration form to receive notices of new auction listings. It is also possible at these websites to create custom email alerts for particular items coming up for auction or categories of listings.
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.
After Lansing is ESS @ 3:30 PM at 24651 N. River Rd. Mt. Clemens & then ESS @ 5:00 PM at 49215 Van Dyke Ave. Shelby MI .GO TO our Web Page www.tateauctioneers.com click HOME Page for all Auctions Listings, the click MONTHLY Auction Tab for this month's up-coming Auction Sales.The goods to be Sold are generally described as household goods and/ or business related items unless otherwise noted.This Auction is being conducted under the...