Police Vehicle Auctions
now browsing by tag
Currently there exists a market which remains somewhat untapped, and, better yet, absolutely primed for taking advantage of. And, to someone with a little experience in the locating and procurement of surplus automobiles, especially, this market carries with it a rather heightened promise for sizable, potential profits. Although, such experience, while greatly beneficial, is not an absolute requirement in order to get into the very lucrative game of exporting cars for profit.
The automobile market in the United States is quite soft at the moment. Those with inventories of automobiles, looking to turn them over, are motivated to move their stock quickly, as the assurance of future sales occurring quickly, and with regularity, is not at all solid given the current market climate. This, of course, translates into a buyer’s market. Those looking to move their vehicle stock are willing to make bigger and better deals in order to clear their inventory.
At the same time that this buyer’s market is occurring in the U.S., a number of foreign markets — mostly in Asia and Europe — are currently experiencing a very strong seller’s market in the automobile trade industry. A number of Asian economies, for example, are booming. As such, many Asian people are gaining new wealth and financial independence, and these people are looking to spend their new wealth. There is, therefore, currently, a high demand for American automobiles in a number of Asian, and other, markets. And, what’s even better, the supply of American automobiles in those markets is currently somewhat limited — especially for in-demand models, like older model American muscle cars, and American made SUVs and pick-up trucks.
Such types of vehicles are practically impossible to find in those markets — yet, there is no shortage of buyers waiting to pounce, and pay top dollar, to acquire any such vehicle that becomes available for sale in those markets — pretty much the very moment one does come up for sale. Over there, it truly is a seller’s market.
So, it shouldn’t take an advanced business degree from Harvard to realize that a buyer’s market here, plus a seller’s market over there, equals the potential for exceedingly healthy profits for anyone with ready access to this buyer’s market that’s looking to make money exporting cars to that seller’s market. Automobiles that are assured to sell quickly, even at top-dollar in those markets can be obtained easily in this market for a fraction of what they can be sold for in certain foreign, overseas markets. All you need is to know where to get these vehicles for resale in the foreign markets, and how to go about exporting them for trade — arranging and conducting shipping/transportation, etc.
Imagine acquiring quality vehicles in the U.S. or Canada at auction, as we’ve detailed on this site in previous articles, for a fraction of what they can be re-sold for even in the American or Canadian markets, but, instead of re-selling them here for a healthy profit, you actually exported them for sale in another market where common prices paid for such automobiles were far, far higher?
There truly is an exceptionally exciting opportunity that has arisen from the current state of the competing auto-trade markets in various countries. And, just about anyone, really, can tap into it and begin making what could very well be exceedingly huge profits exporting cars to these foreign markets. All that is required to begin is an understanding of the exporting process and how to properly engage in it and work it one’s benefit.
One would, of course, need to familiarize themselves with the legalities involved in exporting automobiles for trade to such foreign markets. But, such technicalities are not all that difficult. For example, generally, and contrary to what many people seem to think, no special exporting licenses are required for exporting used automobiles out of the country — although, depending on the destination market, certain import licensing requirements may need to be in place. However, if one knows exactly how to find and work with the proper importing agents in these foreign markets, then acquiring the necessary licensing is not at all difficult — these foreign agents will usually take care, themselves, of all of the legalities required by the government of the destination market.
There is no doubt that there currently exists the potential for truly astounding profits in the vehicle export trade. And, all that is required to tap into this potentially lucrative field is just a small amount of knowledge regarding the specific technicalities of the business. Imagine yourself buying up surplus vehicle stock from auction lists for pennies on the dollar, then getting on the phone and arranging transport of your newly obtained vehicle to an overseas foreign market, to be received at the dock by your foreign market import agent, who will then proceed to put your vehicle on the market in the foreign country — sometimes for as much as the equivalent of five times, or more, than what you obtained it for, in US dollars.
The business of exporting cars to foreign markets can be not only highly, highly profitable, but also extremely fun, exciting, and rewarding. So, how does one learn of the technicalities and legalities involved in such a practice? There’s plenty of information freely available on the Internet to get you started, and studying such should prove adequate to provide you with a basic familiarity of what’s involved. And, we’ll tackle more of the in-depth specifics in an upcoming article here on SurplusBusiness.Com. But, if you really want to jump into the nuts and bolts of it all, learn exactly everything you need to know to try your hand in the business of exporting cars for profit, and get started as quickly a possible, I highly, highly recommend Don Massey’s incredible learning guide for exporting cars for profit — you can click here to check it out for yourself.
If you have any questions, comments or concerns, please feel free to make use of the comment box provided below, and I’ll do my best to respond as time permits. And, please remember to bookmark us here at SurplusBusiness.Com and keep checking back on a regular basis!
Best of luck and success to you!
Have you been giving thought to perhaps taking advantage of the incredible deals you’ve heard about when it comes to buying at police seized car auctions? Well, you’re not alone. Practically everyone has heard about these police seized car auctions, and the often amazing buys available through them. And, practically everyone, if asked, expresses an interest in taking part in one of these police seized car auctions. But, when also asked, very few people will say that they every actually have attended a police seized car auction, or have any solid plans to do so in the future. So, why all the interest but not much follow through? The fact of the matter is, people know these police seized car auctions are out there and are taking place, but very few people know much about them — when they take place, or how they, themselves, might be able to participate.
In this article, I’m going to do my best to try and provide you with some of the information you’ll need to know regarding how police seized car auctions work and how attending one can potentially land you a truly killer deal on a quality automobile.
First off, it’s important to realize that each police seized car auction that might be taking place at any given location will have specifics regarding that particular auction which must be taken into account by interested attendees. There’s really no way to properly apprise yourself of these specifics for each particular auction other than to contact the party organizing the auctions and finding out the specific information directly from them. With that said, however, the information contained in this article should provide you with some general, yet very helpful insights to aid you in locating such auctions, and what you’ll generally need to know before participating.
Buying at police seized car auctions is one of the best methods available to obtain quality used (and sometimes new) vehicles at severely discounted prices. A lot of folks seem to think that the only types of automobiles that are regularly offered up at such auctions are actually old, decommissioned, and/or otherwise surplussed police cars. This isn’t, in fact, the case at all. While such vehicles are regularly put on the auction block at such events, they’re not the only type vehicles commonly made available. Police seized car auctions regularly feature vehicles that were obtained through asset seizure and forfeiture of property.
Seized and forfeited vehicles come into police possession when the vehicles have been confiscated by the police due to the vehicles use in, or association with, a crime or criminal. In 1986 a federal law went into effect which encourages police departments to seize assets in the execution of a criminal investigation as a means to discourage dealers in illicit narcotics through denying those criminals the proceeds from their illegal activities. So, let’s say the police conduct a raid on a known drug kingpin’s mansion. They will seize his cars, jewelry, property, and any other valuables that they have reason to believe was obtained by the kingpin through the proceeds earned from drug trafficking offences. The kingpin and his associates and family loses his valuables, and a strong message is sent to others: Crime does not pay. If you break the law, eventually, you’re going to lose everything you gain from it.
Many of the items offered up to the highest bidder at police auctions are obtained in this manner. (And, unfortunately, some are obtained by way of, shall we say, less than scrupulous means) When you’re buying at police seized car auctions, some of the vehicles you’ll be looking at that are up for auction might be surplus vehicles — old police cars, and the like, but many may be seized vehicles obtained by the police department in the manner described in the previous paragraph. These cars will be auctioned off to the highest bidder, and the money fetched will go to funding the police department, or sometimes to other governmental interests.
Police seized car auctions are taking place all the time in cities and towns right across the country. In some larger cities, due to the frequency at which such seizures occur, police seized car auctions may be held at regular intervals throughout the year — they might occur on a regular date every three months or so, depending on the specific city. In smaller towns they might happen intermittently. And, in some states, the auctions are centralized — a state agency will collect such seized inventory from a number of individual police departments and hold regular auctions featuring items sourced from each of the individual police agencies.
No matter how frequent they may be, someone interested in buying at police seized car auctions will usually be able discover when and where one of these auctions is scheduled to be held in their area by looking through a local newspaper, or by consulting an online auction listing source, such as this one. The notice published in the paper will provide the date and time at which the auction is scheduled to take place. It will sometimes also provide a listing of some or all of the automobiles that are to be put up for auction on that date. In some cases there might be a date published occurring prior to the date of the actual auction that has been set aside for interested parties to inspect the vehicles on offer. Taking advantage of a qualified listing service is more likely to provide much more detailed information that will allow you to make the wisest and most informed decisions regarding purchasing any particular vehicle, and how much you should spend. Along with that, such services will notify you directly and proactively of any police seized car auctions (or, sales and/or auctions of other types, if you choose) in your area. They will also have available to you on-line search features that will allow you to enter specif and detailed criteria any time you wish and then be presented with a list of upcoming opportunities that match the criteria you entered.
Putting forth the effort to actually inspect the vehicles prior to the time of auction is an absolute must. When actually buying at police seized car auctions, in almost all cases, the vehicles that are being auctioned off are sold on an “as is” basis and are not sold with any sort of warranty or guarantee. Once you place a bid and the auctioneer drops the gavel and yells “SOLD!”, you own the vehicle — no matter what may or may not be wrong with it. If you placed the high bid and then come to find out that the vehicle doesn’t even have an engine in it, and you didn’t know because you passed on the opportunity made available to you to fully inspect the vehicle prior to the auction and you never opened the hood and looked, well, that’s your tough luck. The onus is on you to familiarize yourself with the item being bid on and to structure your bid accordingly. For this reason the wise bidder will always take full advantage of the opportunity provided for inspecting the vehicle — some people buying at police seized car auctions, if not so qualified themselves, will even bring a certified mechanic friend along with them to inspect the vehicles.
One other thing to be well aware of is the fact that while the car has been seized by the police or government and they are putting it up for sale at their police seized car auction, this does not guarantee that the vehicle is necessarily entirely free from any liens. There could very well be outstanding debt still owing to a finance company that was held by the person from whom the car was seized. If you successfully bid on the vehicle, you may be on the hook to actually settle that debt with the original finance company. This is somewhat rare, of course, but it’s not entirely unheard of. And, the party conducting the auction will be required to provide adequate notice of any such outstanding debt that may be attached to the vehicle before they can put it up for sale. You should be aware, however, that just because you aren’t aware of any such notice given doesn’t mean that they didn’t necessarily provide proper notice. They have a legal obligation to make such notice readily available, but you also have a legal obligation to take reasonable steps to ensure that you’re fully apprised of such notice.
If you get the winning bid and later come to find out there is money owing on the vehicle, but they didn’t take reasonable measures to provide notice of such, then you’re off the hook. The sale is null and void. They’ll have to take the vehicle back and refund your money. But, if you get the winning bid, later come to find out there is money owing on the vehicle, and they DID take reasonable measures to provide notice, but you just weren’t aware of it, then YOU own the car, and YOU own the associated debt, and it’s not their problem anymore. It’s yours. So, the wise and prudent individual always makes sure that they are taking all reasonable measures and action to fully familiarize themselves with items being put up for auction and to find out as much information as they absolutely can regarding such items.
And, of course, there’s no excuse not to inform yourself in such a manner. Simply taking about a minute to ask an official at the auction if there is any outstanding debt on any of the vehicles, or what their policy or protocol is regarding such things should adequately cover your butt. If you ask and they say “no outstanding debt” and it later turns out there is, it’s their problem, not yours. You made the purchase under the clear understanding, confirmed by an official representative of selling party, that there was no outstanding debt, and the fact that it turns out there is voids the agreement of sale — they can keep their car, and you can keep your money.
With these things in mind, and with an eye to buying at police seized car auctions using a little bit of wisdom and prudence, such auctions can, and very often do, provide truly astounding opportunities for obtaining quality used vehicles at incredibly amazing savings. If you happen to be in the market for a used car, it would be well worth your time to investigate any upcoming police seized car auctions which may be taking place in your area. Or, perhaps you’re thinking of starting your own business obtaining vehicles from such sources and flipping them for a profit? If that’s the case, then buying at police seized car auctions is most assuredly worth investigating.
What is a Police Auction?
When one hears the term Police Auction, all kinds of things come to mind, but I assure you the police haven’t suddenly decided they are going to auction off their equipment and vehicles etc. Referred to by some as cheaper and better than Ebay for finding affordable and high quality goods, police auction websites and public auctions offer some surprisingly unique and sought after goods, vehicles and even a wide range of collectables for collectors out there. It’s even possible to buy real estate property from a police auction!
Okay, so we know the police are auctioning off some great items all over the net and in public police auctions, but where are they getting these items?
Seized goods, Vehicles and even Property can be bought at Police Auctions
Government and police auctions basically auction off all the goods that have been taken and confiscated from felons and have then over time, become the property of the state. This might include, among other things:
- Personal Possessions
If after these things have been seized by the police and kept during investigations for use as evidence, they are not claimed by the defendant, they are eventually considered ‘abandoned property’ and are therefore put up for auction.
Where can you Find Government and Police Auctions?
If you are looking to purchase cars for auction, property for auction or a public police auction you may struggle to find one in your area if you aren’t familiar with how they work. Police auctions are held both offline and online and in fact, if you are simply looking for something like a T.V. or jewelry, you can even order online!
If you are looking for:
- A police property auction
- A Police vehicle auction
- General Government and police auctions
The best place to start is probably your local police agency. They will give you the dates, times and places of all their upcoming auctions and probably their website too where you can see what’s up for auction and purchase items there and then from the website, much like Ebay or Amazon.
You can also search the net, by simply using your favorite search engine to do a search using keywords like “police property auction”, “police vehicle auction”, “government and police auctions” and you will no doubt be presented with a whole host of options and in many cases you will even be able to purchase the goods then and there on the website.
An obvious place to find police auctions is your local paper, in the classified section. Typically, police auction ads are hard to find and are often placed in obscure locations, however this does give the added advantage of ‘less competition’ so you can get what you need without spending too much.
However, by far, the easiest method for finding police auctions is by visiting the website of a public auction listing service. There are services set-up, that you can easily take advantage of, which specialize in locating and informing you of police auctions that are available to you. Such services, such as the one that can be found here, specialize in scouring the country for police auctions that you will be able to take part in, and alerting you when such police auctions will be coming up. Such services are extremely valuable, and provide a decide advantage, as their positioning, contacts, and experience in the field allow them to find police auctions which may not be otherwise well publicized.
Don’t Forget the Special Requirements
One factor that many police auction seekers forget is that police auctions often have certain requirements that need to be fulfilled before you can attend. For example, many auction sites require that you put down a refundable amount of money before you are given access to a particular auction. This may only be as little as $100 and once you come to paying for an item, the fee will be taken from that amount and you will be returned the rest.
It’s up to you to find out the requirements as they aren’t always so obvious and don’t forget you driver’s license, insurance and registration details!
As mentioned earlier, however, taking advantage of a police auction, or public auction listing service, such as this one, will certainly make it much easier for you, as they will be able to provide you information regarding all of the necessary special requirements you may have to meet in order to take advantage of the police auctions they inform you of.