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.


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.
PropertyRoom.com works with police departments across the country to auction off the items they have seized or recovered. All of the items are examined by experts and anything that is fake is destroyed. PropertyRoom.com gives a portion of the proceeds from the auction back to the police department's local community. Many of the items on the site start at $1 with no reserve.  
But the competition at county auctions is brutal and it's only getting stronger. "Taxi companies want the old cruisers to use as cabs," Lang says. "And often there are government employees who are going after a vehicle that they used on the job and grew fond of. A lot of the school buses and trucks get bought by brokers looking to ship them overseas to poorer countries that will use them for public transportation. These are guys who go to government auctions all the time, know what to pay and know a lemon when they see it. You won't be the only bargain hunter out there."

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. 
Thank you for checking out part 3 of our "Julio's Pizzeria" Auction! Much like the last two, you'll find Refrigerators, Freezers, Meat Slicers, Convection Ovens, Sandwich Prep Tables, Pizza Prep Tables, Restaurant Booths, Restaurant Chairs, Sinks, and much much more! PCI Auctions is now accepting quality consignments of new or used restaurant, bar, kitchen, bakery, commercial, industrial   [ View Full Listing ]
Impound Vehicle Auction Wednesday, March 13th @ 12:30 PM AUCTION LOCATION: 330 Colfax Street, Rochester, NY 14606 Selling impounded and confiscated vehicles for the City of Rochester Police Department. Retail purchasers and Dealers Welcome. Preview at Noon. Vehicle list available as no later then Noon on Tuesday. Terms: CASH, no credit cards, no checks, full cash payment due   [ View Full Listing ]
Persons wishing to participate in the online bidding process are required to register online and submit a Bid Deposit Form along with the appropriate cashier’s check deposit, made payable to CWS Marketing Group, Inc.  Download and complete the Bid Deposit Form and submit, along with the cashier’s check deposit in the amount indicated for that particular property.  The completed Bid Deposit Form and Deposit Check must be mailed to: CWSAMS, 10611 Balls Ford Road, Suite 140, Manassas VA, 20109. The deposit is due no later than 5:00 p.m. EST on the day before the auction. Once the deposit is received, bidder will be sent a confirming email with the link to the online auction site and further instructions. For auctions with multiple properties, please see the 4th questions under “Common Questions” above concerning multiple-property bid deposits.
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.
The purchaser shall pay a non-refundable deposit of 25% of the purchased price of any auction lot on the date of the auction, with the balance of the purchase price paid within 3 days following the auction. All payments must be received by cashier’s check, money order, company or personal check accompanied by an irrevocable bank letter of guarantee, or wire transfer payable to Bar None Auction. Any payment other than cash may be subject to an additional 3% administrative fee.
Sitting on the couch, craft beer in hand, we salivate over the parade of shining classic cars rolling across the auction block at Barrett-Jackson, changing hands for ungodly globs of cold, hard cash. It’s places like this where you can pick up cars like custom built Singer Porsches, old-school hot rods, vintage Ferraris, and soon to be released, serial #001 supercars, and as the drinks get stronger, so too does the bidding. 

The majority of the vehicles found at local auctions will need some work done to them in order to be deemed “road-worthy.” Knowing this before you ever set foot on the grounds is a major part of deciding if this is the right way for you to source an automobile. A low bid on a crappy car has the potential to leave you stranded on the side of the road, so if you aren’t a savvy DIY wrencher, you’d better have one hell of a trustworthy mechanic.
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.
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.
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.
Webstore.com is an auction site that is supported by donations and advertisements, so costs are kept low, and there are no membership fees. Although not everything is sold at auction at this site, the site's online auctions are highly rated for rare and collectible merchandise and state-of-the-art electronics. Auction categories include cameras, art, music, sports memorabilia, real estate and more.
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.

My name is J.D. Roth. I started Get Rich Slowly in 2006 to document my personal journey as I dug out of debt. Then I shared while I learned to save and invest. Twelve years later, I've managed to reach early retirement! I'm here to help you master your money — and your life. No scams. No gimmicks. Just smart money advice to help you get rich slowly. Read more.


Thank you for checking out part 3 of our "Julio's Pizzeria" Auction! Much like the last two, you'll find Refrigerators, Freezers, Meat Slicers, Convection Ovens, Sandwich Prep Tables, Pizza Prep Tables, Restaurant Booths, Restaurant Chairs, Sinks, and much much more! PCI Auctions is now accepting quality consignments of new or used restaurant, bar, kitchen, bakery, commercial, industrial   [ View Full Listing ]
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It is strongly recommended that you attend the open houses/inspections that are scheduled prior to sale. The bidder is invited, urged, and cautioned to inspect the property prior to submitting a bid. Failure to inspect property shall not constitute cause for cancellation of sale. Property will be available for inspection only at the times specified.  At their own expense, potential bidders may have property inspectors examine the property during regularly scheduled open houses.

As you browse the government auction sites above, you'll notice some link you to additional sites run by private contractors. These contractors have legitimate relationships with the government, but bidder beware: other private companies will try to make their auctions seem like government auctions as a marketing ploy. Always start with the legitimate links provided by the government itself. Good luck!
If you are well versed in using the internet, then you can learn about these seized auctions without being present in an auction. Take away the attempt of evaluation in newspapers just log on for updated auction schedules at the auction listing websites. You can check the online items specifications, and know more about it. You can check every detail that is relevant, the auctions time and place and every relevant detail you can check.

It depends on how many properties you are planning to buy. If you wish to bid on all but purchase only one, than you need only one deposit check (generally the properties will be sold in the order they have been listed on the website and flyer.) If you are planning on buying more than one property, you will need a separate deposit check for each one.


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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.
But the competition at county auctions is brutal and it's only getting stronger. "Taxi companies want the old cruisers to use as cabs," Lang says. "And often there are government employees who are going after a vehicle that they used on the job and grew fond of. A lot of the school buses and trucks get bought by brokers looking to ship them overseas to poorer countries that will use them for public transportation. These are guys who go to government auctions all the time, know what to pay and know a lemon when they see it. You won't be the only bargain hunter out there."
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