Saturday, January 24, 2009

Police Auctions - Examples of New Vehicles for Under $5000

By Nicole Barns

I have written or read almost everything that can be said about government and police auctions, but the other day I was thinking to myself how ironic it is that you hear so much about foreclosures, government auctions, reposed cars, etc. yet you rarely see samples of the specific deals available. I do know that the reason for this is that the word 'profit' is a dirty word for the government and therefore advertising is not an option. The only way you would of heard about government or police auctions is through word of mouth or on the net.

What if retail stores such as Best Buy or Walmart never bothered to publicize their great deals? Do you really think Walmart would even get near the business they get today if they've never advertised? A good portion of many retail stores attract their audience by advertising sales and discounts ahead of time. Police and Government auctions, however, still has a popular following even though the government never spends on advertising the specific items it will be selling. The government doesn't have much of an advertising budget and yet they still manage to quickly sell their merchandise and that's because they have best bargains period. There is a vast difference from the retailer who has to pay for marketing, the cost of the item itself and above that they need to make a good profit. The police and government don't have any of these costs so obviously the savings is reflected in the items price.

To illustrate my point here are a few samples of the repossessed vehicle auctions prices. My research consists of using the highest rated government car auctions site that has been evaluated and reviewed on my own site mentioned in the last paragraph. Keep in mind that these specific items may no longer be available by the time you read this, but you'll still get an idea of the vehicle discounts that are available through government auctions. A sample of 5 vehicles among the thousands available are:

* Mazda 2005 Protege DX 4D Sedan 14.2K miles $3,750

* 2005 X5 BMW with 15K miles - $4,140

* 2005 Ford 150 Pickup with 12K miles for - $5,710

* 2003 Jeep Liberty with 23K miles - $3,890

* Toyota 2004 Camry LE 26.1K miles $4,070

From what I could see most every make and models was available to choose from. But where do they all these vehicles come from and why are they sold so cheap? They are repossessed vehicles that come from numerous sources. They have been repossessed for many reasons including unpaid debt, neglected taxes, and other legal reasons.

Going to a live on-site government auction rather then an online auction is a good idea because you will be given the opportunity to look over the vehicle before you bid on it. As I've mentioned in the past if you're not mechanically inclined then bring someone to the auction who is. Also be careful to verify the quality and the history of the vehicle before you purchase. Given the fact that a small percentage of people are even aware that these auctions even exist, you'll be able to find a vehicle of your choosing, perhaps even of higher social status then you intended for a much lower price then you expected. - 16492

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