One of the best ways of getting hold of decent quality used cars is by attending and winning a bid on a used car at a federal auto auction. You may have heard of repo car auctions and seized vehicle auctions for cars, motorcycles, boats and even planes. These are most often held by credit unions or third party companies acting on their behalf.
“If your cash-starved wallet is groaning but you still want in on a state-of-the-art vehicle that will be the envy of your friends, this is probably the best route you could take.”
Federal Auto Auctions are another similar source of vehicles, but usually deal with surplus government fleet vehicles or assets seized by the federal government or otherwise forfeited in some way. The types of deals that you can get on affordable cars in these auctions varies, but you can get a real steal or, at the very least, well under regular wholesale prices. Cars, Minivans, SUVs and trucks are all sold at these auctions for truly knockdown prices, often up to 65% of book value.
To ensure that you get a bargain on a car at public auto auctions like this, you need to check that the vehicles are Carfax certified clean titles. You’ll also want it to be listed at below the Kelley Blue Book value as this will ensure that you’re getting a much better deal at the federal auto auction than you would at a used car dealer.
The reason that these cars sell so cheaply in nearly every state is because the agencies can use the money for other projects and do not have the space or want the management costs of hanging onto these assets for too long.
Many people have wised-up to this incredibly rich and varied source of quality used vehicles, but due to the poor economy, there are plenty of deals still to be had at federal auto auctions all over the U.S.
For The Biggest and Most Comprehensive Listings and How-To-Succeed Guides You Should Start Your Hunt For A Federal Auto Auction Near You Right Here!
