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When it comes to government seized car auctions, there appears to be quite a number of myths out there that, for some reason, are commonly believed by the general public. Many people, it seems, hear about such government seized car auctions and become excited by the prospect of being able to acquire, for incredibly good prices, automobiles repossessed by the government. And, it’s true that you can do exactly that. However, as I said, there appears to be a number of myths prevalent throughout the public. In following article I’ll touch on some of the more common of these government seized car auctions myths and attempt to set the record straight.
On any day you care to choose there are, quite literally, many thousands of repossessed vehicles sitting in car lots all across the country just waiting to either be reclaimed by their delinquent owners, or to be snatched up by the highest bidder in a government seized car auction. Most often the vehicles available at the us government car auctions range from absolutely pristine, desirable automobiles to pure junk-heaps. And, this is the first myth that seems predominant in the mind of the public.
Government Seized Car Auctions – Myths
It seems that a lot of people mistakenly believe that when showing up at one of these government seized car auctions they’re bound to encounter nothing but quality automobiles that are in great shape — both mechanically and visually — and that they’ll be able to acquire them for a real steal. This isn’t, however, the case. Very often the vehicles are in pretty rough shape and require a fair amount of maintenance in order to get them into salable, or even drivable condition. If you’re someone who isn’t willing to put a lot of work into the cars you can acquire from one of these us government seized car auctions, then you could find yourself showing up to the auction only to discover that there aren’t any vehicles up for auction that you’d even consider bidding on.
It’s true that these sorts of cars will end up being sold very cheaply. But, they’re being bought up mostly by people who can and will do the work to bring them into salable condition and then flip them for a profit. If you have the means to do that, then government seized car auctions can be an absolute gold-mine for you. If you don’t have the means to do that, however, you’ll end up having to hunt a little bit for the really good bargains. But, they ARE there — just don’t expect all of the us government seized car auctions you may attend to be overflowing with them. Many people are disappointed when they attend their first of these government seized car auctions and find this to not be the case.
Because, of course, this is a myth that seems to be prevalent among those who don’t have experience attending government seized car auctions. Many people seem to believe that you can show up at one of these auctions and the lot will be full of nothing but great cars that end up being sold for very little money. Most often, this isn’t the case. People tend to fight more readily in order to hang on to good cars — so, less of them become repossessed. If someone owns a junker and has fallen on hard times, however, they’re much more likely to just let the repo man come and get it without putting up much of a fuss.
The great cars do show up at us government seized car auctions — make no mistake. But, when they do, as common sense should tell you, they quite often end up being sold at something close to a fair market value. You can still get them for a fair bit less money than you would be able to if you were purchasing it from your average used car dealer. But, it’s a myth that such pristine cars can regularly be acquired for a song. It does happen, yes. But, it’s not extremely common. When such a fine automobile does come up for auction at one of these us government seized car auctions, the bidders present, of course, will very often bid it up to something close to fair market value for such a car before dropping out of the bidding.
So, be aware that amazing deals on high quality cars can be found at these government seized car auctions, but don’t expect that every auction you attend will be brimming with such buying opportunities. You will, most likely, have to hunt around a little bit to find them. Among all the US government car auctions seized, most of them will require at least some work.
Another myth surrounding government seized car auctions appears to be that many in the public think that acquiring one of these cars at auction could actually be dangerous. They believe that many of the automobiles may have been seized in drug raids, or some other such nefarious scenario, and that the cars might have belonged to dangerous felons. These felons might then show up at the auction to watch and see who acquires their automobile, follow them home, and take back their car — with violence in some cases.
This too, of course, is a myth. Talk to any auction service — even ones that have been in business for many decades and have overseen thousands of government seized car auctions, and they’ll tell you that they’ve never heard of this happening. The truth of the matter is, it just doesn’t make any sense from the criminal’s point of view. The government seized car auctions are almost always held on a public lot which employs security measures. In other words, when you’re at one of these us government seized car auctions bidding on automobiles out in an open, outdoor, fenced in lot, you’re almost always being recorded by security cameras equipped on the lot. A drug dealer, or other criminal, or an associate of theirs, that has just suffered a raid is very, very likely not going to risk showing up at one of these government seized car auction just to get their face on camera so they can get their car back. It’s not worth the risk, and seeing as how their stuff is currently being sold off at a government auction, they’ve got much bigger things on their mind besides getting back a single car.
Along with this, a lot of people would be surprised at just how relieved a lot of people are to actually have their car repossessed! It’s true. When the repo man shows up to take their car away a surprising number of people actually welcome it — believe it or not. The reason, of course, is simple. If a person is in a situation where their car is being repossessed, that person is likely in the midst of some fairly heavy financial troubles. When their car gets seized, to them, it’s one more payment they don’t have to worry about making, and a portion of their plate has been cleared which will help them to focus on what they must do to try and get out of the mess they now find themselves in. You’d likely be surprised, but for many people, having their car repossessed is a large weight off the owner’s shoulders.
Don’t believe what you see in the movies and on TV. It’s true that some vehicle repossessions turn ugly — they take place in the middle of the night, secretly, while the owner is believed to be sleeping. And, if the owner wakes up and notices their vehicle is being seized, there can be an ugly, overly dramatic scene that ensues. That does happen, it’s true. Those types of repossessions do take place. But, the reality is that in the majority of cases where a person’s car gets repossessed, the owner is actually waiting at their front door for the repo man to arrive — their car keys in their hand, ready to hand them over.
So, if you keep the above myths in mind when attending government seized car auctions, and come to know that they are myths — no matter how widely believed they seem to be among members of the public, you’ll do better at maximizing the quality of the experience you have when attending government seized car auctions. And, you’ll be much more likely to drive away with a decent, quality automobile that you obtained for a great price.
If you’d like some great information on how to best locate government seized car auctions that may be taking place in your area, all the information you need can be found at GovernmentAuctions.org by clicking on this link.