Seized Car Auctions
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In today’s article we’re going to feature a quick round-up of some what we believe to be some of the most valuable resources on the internet for anyone looking to take part in the surplus business trade. The resources consist of, in our opinion, many of the best products, services and educational and training information available to individuals. Some are free information resources, and some are paid products and services. But, all, we feel, will be highly valuable to most readers of SurplusBusiness.Com.
So, please, peruse the following surplus business resource list at your lesiure. We’re sure you’ll find something within the listing that you find to be of value.
Government Auctions School — A very handy and information-packed guide for taking advantage of government auctions is available from this resource. However, it mostly focuses on how to obtain vehicles — cars, truck and SUVs at government auctions. But, some information contained within the guide is sure to be of value to those seeking to obtain other types of merchandise at government auctions.
Government Auction Tracking and Listing Service — This site offers an exceedingly valuable service to those looking to take part in government auctions. Of course, knowing just when, and exactly where, government auctions are taking place near you is absolutely key in being able to grab the best deals on government surplus merchandise. This locating and tracking system maintains an exhaustive and constantly up to date list of all of the latest announced upcoming government auctions. The auctions are searchable by area, and the resource maintains a reminder service, so you can be constantly kept abreast of any new government surplus auctions that are scheduled to take place near you — or, in any area you choose.
Auction-Resource.Org — Claims to be the internet’s #1 source for government and police seized, surplus and unclaimed property auction listings. Maintains a database of more than 4,000 live, active and upcoming public auction listings — entirely searchable by area. Along with its extensive government auction listing service, Auction-Resource.Org also offers an extensive collection of training and instructional materials.
The Auto Auction Center — Provides a live, interactive search function enabling users to perform searches for specific vehicles currently up for auction from various government sources, including local, state and federal police agencies, military, and other federal, state and local governmental departments. Also provides access to browsable and searchable lists of all such vehicle auctions.
SherrifAuctions.Org — Includes online listings of country-wide Sheriff’s department auctions for items such as seized and repossessed cars, motorcycles, trucks, SUVs, vans, RVs, and boats. Provides listings of live, ongoing, Sheriff auctions currently taking place online in real-time, as well as listings for Sheriff auctions coming up in your specific, local area.
Ultimate Surplus & Wholesale Guide — For anyone looking to get into the game of making money by snatching up bargains at surplus auctions, or purchasing items at or below wholesale prices from various surplus, wholesale and liquidation sources, this is the ultimate guide which will detail absolutely everything you need to know in order to do it. The guide details exactly where and how to find and purchase surplus, liquidation and wholesale products at prices up to, and sometimes more than, 90% off the product’s regular retail price — and then, turn around and sell those items at a substantial profit.
Wholesale Sources Online — The #1 source on the internet for searching and finding active sources, providers and distributors of wholesale, close-out and liquidation items such as jewelry, watches, designer handbags and fashion accessories, clothing items, and more. Name brands listed include labels like Gucci, Prada, Chanel. Versace, and more — all available at wholesale, or below wholesale prices.
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!
So, you’ve started your own home business or small business — or, at least, you’ve finally made the decision to do so — and now you find yourself in need of all the required supplies. Of course, if you’re just starting out, your budget is quite likely to be somewhat on the lean side, and the cost of acquiring the necessary supplies to get your new small business off on the right foot can be somewhat costly. Luckily, there are methods for obtaining very good quality business supplies for much less than you’d regularly expect to pay — and, I do mean MUCH less! Acquiring such supplies via government surplus is one of the top options available to you.
Acquiring much needed business supplies from government surplus sources has long been a well established means of outfitting a small or home business with exceptional quality items while still managing to save a significant amount of money and, thus, going a long way in helping to keep your business’s budget from creeping into the red.
Practically anything your business might need in order to operate efficiently is regularly sold off by the government through surplus channels — if your business needs it, chances are that some government surplus outlet has it up for sale right now, or soon will. And, practically all of it is sold at or below cost, or below wholesale – sometimes significantly so. Sometimes they even practically give it away.
Whenever some government agency, either at the municipal, state, or federal level finds itself with extra items, supplies or equipment that they no longer require these items will sometimes be destroyed in some fairly rare circumstances, shipped to another government agency that may have use for the items, or, very often, sold off to non-government individuals or entities through public or private sales, or through public or private auctions.
The particular government agency offering surplus goods for sale will utilize different means and methods for selling off these goods. They may hold a public auction which members of the public may attend and place bids on the various items for sale. But, today, more and more, many government branches and departments are turning to on-line, electronic means for conducting such sales — even when their wish is to auction such items to the highest bidder. Some governmental organizations have even been known to use eBay in order to sell their wares. However, most now regularly utilize dedicated, government run services and electronic, on-line, central sales outlets.
The majority of state governments now employ the use of some sort of central auction and/or sales website that members of the public may visit, browse the items currently up for grabsm and place bids on the items they’re interested in. Many municipal governments are now doing the same sort of thing as well. However, with federal government, there is still no such entirely comprehensive, all-in-one, central on-line service maintained by any one central branch. Instead, there are a number of governmental departments responsible for the selling off of surplus goods and items from various areas of government.
The General Services Administration, or GSA, is tasked with getting rid of the bulk of items and property that a number of areas of government find themselves no longer in need of. But, the Defense Department takes care of their own surplus sales and does not use the services of the GSA in most cases. Along with that, various federal level law enforcement agencies also run their own surplus auctions, sales and property disposal.
The following information is already readily available on SurplusBusiness.Com, but we’ll include it here briefly again for easy access. Here’s a quick run-down of some government surplus related Internet sites that you’ll most certainly find exceedingly useful in helping you to save money while procuring the supplies your business requires to operate effectively and efficiently:
Govsales.Gov – This is the official on-line Federal Asset Sales Portal for the United States Federal Government. Operated by the General Services Administration, it contains a comprehensive, searchable and browseable, listing of most surplus items currently available for sale, or at auction, from a vast array of different federal government departments and sources. At any given time you’re likely to find just about anything from soup to nuts being offered up for sale from the federal government on this site — from fully functional helicopters, to pens and pencils. From high-tech medical equipment, to coffee-makers and work boots.
Gov-Auctions.Org – An exhaustive, all-in-one on-line resource comprising the largest single source of all state-level, and federal, US government surplus auctions including government surplus pre-owned and seized cars, trucks, SUVs, boats, real-estate and a wide array of personal property items — all at up to 95% off book-value on many of the individual items being offered.
DispositionServices.Dla.Mil – Home page for the U.S. Defense Logistics Agency Disposition Services. This website makes available surplus items, goods and property obtained from the various branches of the U.S. military. Don’t skip over this valuable resource if you’re not interested in strictly military-style items, however. The military uses a great deal of items that aren’t immediately associated with being strictly military items, and any excess goods that have been owned by any branch of the military and is now available for surplus sale is offered on this site. It is not at all uncommon to find incredible deals on things like office supplies, kitchen supplies, furniture, and much else on this site — along, of course, with all of the standard military surplus fare.
GovernmentAuctions.Org – An incredible and valuable private government auctions listing service. This powerful resource keeps track of all upcoming federal, state an local government surplus auctions and keeps you informed, ahead of time, on all such events that will be taking place in your area, and elsewhere. If you’re thinking of making money by acquiring surplus goods and flipping them for a profit, this resource is absolutely indispensable for providing you with the upper edge you’ll need to maximize your chances of success — get a leg up on the competition by being kept informed of the most obscure of government sales in order to take advantage of the very lowest of surplus prices.
U.S. Marshals Service Assets Forfeiture Service – Home page for information regarding the sales of seized and forfeited property available through the U.S. Marshall’s Service. This Internet site contains listings of currently available seized and forfeited real estate, vehicles and other property that the U.S. Marshall’s Service has available for public auction.
Insider Wholesale & Surplus Products – Government agencies aren’t the only places available to you for acquiring goods, items and property at incredible, far-below wholesale surplus prices. There is a wealth of commercial retail and private sources that you should be informed regarding. This site contains all of the information you’ll need to learn about such avenues and take advantages of the incredible deals available through them.
United States Treasury Real Property Auctions – This website is operated by the U.S. Treasury Department and lists auctions of seized Real Property currently for sale throughout the country. Listings regularly include all manner of both residential and commercial buildings, land and property — including single and multi-family dwellings, commercial warehouse buildings, commercial retail properties, even fully operating businesses that you can purchase and take over.
IRS Real and Personal Property Sales – This website, operated by the United States Internal Revenue Agency lists all items currently up for sale or auction to the public that have been seized due to tax defaults. Items regularly offered include just about anything you can think of — from clothing, to jewelry, to automobiles, office equipment, furniture, artwork, real estate, etc., etc., Anything that has value and has been seized by the IRS can be found offered for sale to the public on this website.
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.
The thought of making money by flipping cars from auctions or flipping surplus vehicles obtained at auction is very attractive to a number of people. And, there’s good reason for this: there is most certainly good money to be made by flipping cars from auctions and the process can be very interesting and fun.
It’s possible to obtain used cars from auctions — be they government surplus auctions, or private auctions of used or surplus vehicles — for quite literally pennies on the dollar. It’s possible to find automobiles that are able to be purchased at substantial discounts and then turn around and sell them directly to private buyers for a higher price, simply because most buyers either aren’t aware that such auctions even exist, or, if they do, they don’t know how to go about locating these auctions nor how to take part. Or, if you’re mechanically savvy, there are even greater profits to be made flipping cars from auctions by acquiring automobiles at auction that require some minor work, putting in the work needed, and then flipping the cars for a substantially greater markup.
The one hindrance, however, that many people are likely to encounter if they have a serious mind to regularly earning a significant amount of money by flipping cars from auctions, is the need for a used car dealer’s license. In many places in North America a person is limited to only being legally able to sell a very small number of either new or used automobiles every year before they are required to obtain a dealer’s license. The exact number of cars one is able to legally sell in any given year without needing to hold a valid used car dealer’s license varies somewhat depending on location, but in most jurisdictions the number of automobiles one is legally able to sell annually is limited to just three vehicles. That equals just one sale every four months. Of course, the profits which you’re likely to earn by buying and selling only three used cars in a year isn’t very likely going to be worth your while.
Flipping Cars From Auctions — The Reality
The reality is, if you seriously want to turn flipping cars from auctions into an actual side business, or something more, you really are going to need to acquire a valid dealer’s license. Unfortunately this is not easily done. The process is a convoluted, somewhat confusing and very often painful experience if you’re not familiar with the ins and outs of it. Fortunately, there are experienced people out there, who will act in a consultancy capacity, whose business it is to help you through the process and make the act of obtaining your own used car dealer’s license as simple and painless as possible.
If you’re thinking seriously about earning regular money, either as a hobby, a side-business or part-time business, or even as a full time business, by flipping cars from auctions, the fact of the matter is that you’re going to need a used car dealer’s license. And, unless you have experience obtaining a dealer’s license and know the ins and outs of what is required in order to obtain one, you’re not extremely likely to be successful in your endeavor. You’ll most probably need to use the services of someone who is knowledgeable and has experience helping people like you to obtain a dealer’s license.
One such person who works with people in order to help them obtain their own dealer’s license is Don Massey — a licensed car dealer from Colorado. Don has more than twenty years of experience in helping people to obtain used car dealer’s licenses.
Probably the best part of holding a valid dealer’s license is that the dealer’s license will give you access to dealer-only auto auctions that take place all over the country almost every day. Holding a valid dealer’s license also gives you access to proprietary databases accessible through the internet that are maintained by the auction companies that hold dealer-only auctions. These restricted access databases (open only to people who hold a valid dealer’s license) provide information on all of the sales made at these auctions — what cars sold, extensive details about each car and what they actually sold for. Having access to this information will allow you to price automobiles much more effectively than anyone who doesn’t have access to such information.
There’s absolutely no doubt that if you’re thinking about flipping cars from auctions on any sort of a regular basis, you really must hold a valid dealer’s license.
Flipping Cars From Auctions — Helpful Link Resources:
- Obtaining a Dealer’s License.
- Auto Auction Locating Service.
- Canadian Government Surplus Vehicle Auctions
- US Government Surplus Vehicles Auctions
- Government Vehicle Auctions Locating Service