Bank Repos In Alaska

Posted in: Alaska Repossessed Cars | May 25th, 2010 | Comments Off>

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Checking out your local credit unions is a great idea when looking for repos in Alaska. They often sell the cars as is, where is, and offer no warranty of condition, so it’s important that you take someone with you that know a little about autos. Even this can be a risk as you will not usually be allowed to test drive the car.

Quite often the cars will be put up for a sealed bid auction and usually there is a preferred minimum bid price. This can vary to from a few hundred to a few thousand dollars off the NADA (National Automobile Dealers Association) value. It’s definitely possible to get a great deal, but remember that a number of people will be wise to these repossessed cars being sold off in this way, especially any local dealers themselves.

Your best bet is to keep checking the websites of these credit unions or drop by whenever you are in the area. If you can get to know the staff you may be able to get a heads up on what might be coming in and when. Again, there is no guarantee that your bid will be the winning one so go with a realistic price and keep at it!

Some credit unions to look out for in Alaska that sell repos:

Anchorage

True North Federal Credit Union – Anchorage Branch‎
341 West Tudor Road, Anchorage, AK (907) 771-4777‎

Currently has:
2002 Chrysler Voyager (minimum bid $5000) in Fairbanks
2002 Pontiac Grand Am (minimum bid $2000) in Juneau
truenorthfcu.org/servlet/content/for_sale.html

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Credit Union 1
909 1st Avenue, Fairbanks, AK (907) 455-9485

Currently Has:
2006 Dodge Ram 3500 ($26,000 or offer ) in Anchorage
2007 Mercury Grand Marquis ($10,500 or offer) in Anchorage
2005 Chevy Cobalt ($7,000 or offer) in Ketchikan
2004 Chrysler Pacifica ( $12,500 or offer) in Ketchikan
cu1.org/servlet/content/1166.html?srepos=Cars/Trucks&order=price

Spirit of Alaska Federal Credit Union
1417 Gillam Way, Fairbanks, AK 99701
(907) 459-5900‎

Currently has:
2005 Dodge Ram (bids accepted)
2007 Yamaha Wolverine YFM45FXSE (bids accepted)
2007 Arctic Cat F6 (bids accepted)
spiritofak.com/main_propforsale.html#autos

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Alaska Repossessed Cars

Posted in: Alaska Repossessed Cars | October 27th, 2009 | Comments Off>

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With the current economic climate, people are rightly looking for ways to decrease their spending on everyday items. The necessity for most families to have a car for work or school is, sadly, a fact of life. You may have heard of people managing to get first rate deals on cars bought from government or police vehicle auctions and some of the figures bandied about seem incredible!

However, it is possible to get discounts of 70% – 90% on almost new cars ranging from SUVs to luxury collectables. These folks are not exaggerating. Literally thousands of dollars can be saved if you know how and where to look for repossessed cars – and the search can be made even easier now by doing this online from the comfort of your own home.

So where do these vehicles come from? Well, various agencies such as the IRS, DEA, FBI and homeland security regularly auction off surplus, unclaimed or even seized properties and vehicles, often from criminals. Banks and other financial institutions also repossess properties and cars from owners who cannot pay or fall behind with payments. In most cases these institutions try to offload these cars as quickly as possible and almost always at well-reduced prices as they cannot afford to pay for storage, and in the case of the vendors, they only need to recoup cost price, not necessarily retail price.
The management of such a vast amount of inventory is also next-to-impossible so this is another reason for offloading to the public quickly and cheaply at local auctions. And quite simply, these government agencies are not in the business of making a profit. Another addition to this large influx of vehicles can be from the agencies’ own fleets when they are renewed or completely exchanged for a new range of vehicles.
 
Most repossessed cars are usually in great condition. They are not there because they have been in accidents or because they need repair. They are usually low mileage, almost new cars, that the previous owner could not keep the downpayments going for. Previous agency fleet cars are also very well maintained and in all cases the documents, service history and Carfax reports are all included in the sale. These agencies are not going to rip you off with a dodgy car-crash-waiting-to-happen.
 
There are several ways to find out where these auctions are taking place, but they are not always well-advertised. In pre-internet days, car bargains could be found by looking for local ads in magazines or local listings, or a list of auctions could be acquired from government publishing offices. These days the most effective way to find auctions and even to bid online for repossessed cars is by using a reputable website. Beware, there are a number of scam-type sites out there that offer the world but in reality just introduce you to dead or outdated links or will take your money and then give you access to a poorly populated database. It’s possible to find cars being auctioned at places like e-bay, but these are just your run-of-the-mill vendors selling cars on there like everything else. You need to seek out the government auction specialist sites if you really want to find the bargains. Sites that point you to the actual real-life auctions in your area are the way to go. Here are some tips for attending these auctions and how to get the best results from them:

Click Here To Start Finding Your Bargain Repossessed Cars Right Now 

  • Attend auctions in bad weather – the worst weather – the better! People don’t like standing around bidding in the rain.
  • Attend week-day auctions – less people about than the weekends
  • Attend the auction with somebody who knows about cars, maintenance and car mechanics.
  • Arrive first. Get a rapport with the organizers and get the lowdown on what’s coming in. Get to personally know the agency’s representative if possible.
  • Know your target car book price and stick to a set budget. Auctions can be very enticing.
  • Check the preferred payment method beforehand. Some auctions will have an upper limit for cash for example.
  • Do not go bidder crazy. Remember this is real cash. Stick to your limit and don’t get carried away. There is always another auction.
  If you’re looking for that dream car that you never thought you could afford then buying a repossessed car might just make that dream come true. Try the best source of information on repossessed cars auctions near you and pick up your FREE 5-Day Auction Guide which will teach you step-by-step the secrets of saving thousands! HERE
 

Here is another site that gives you a free trial. You should try The Government Auctions website, where you can sign up for a free trial and check for repos and government surplus cars in your area. Just sign up for the free trial – you can cancel after a couple of days if you don’t find what you’re looking for but there are some great bargains to be found there – Click the picture below to see what they have to offer.

Govsurplus

Govsurplus

State of Alaska Dept of Administration: Surplus Property‎

Juneau, AK, United States‎ – (907) 465-2172‎

US Transportation Department‎

Hydaburg, AK, United States‎ – (907) 285-3888‎

Copart Salvage Auto Auctions‎

401 W Chipperfield Dr, Anchorage, AK, United States‎ – (907) 278-2221‎

Alaska Auto Auction‎

212 E 104th Ave, Anchorage, AK, United States‎ – (907) 344-3370‎

 

Alaska Auto Auctions‎

235 Ingra St, Anchorage, AK, United States‎ – (907) 274-9269

Dealers Auto Auction of Ak Inc‎

8400 Arlon St, Anchorage, AK, United States‎ – (907) 563-8343‎

D & L Auctions‎

3300 Lakeview Dr, Fairbanks, AK, United States‎ – (907) 452-1996‎

Peterson’s Auctions & Apprsl‎

11519 Rapeseed Way, Delta Junction, AK, USA‎ – (907) 895-3233‎

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