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:
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!
HEREHere 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
Use “Ctrl F” to search for your home town/city.
Colorado Auto Auction
6955 E 50th Ave, Commerce City, CO, (303) 287-8077
Denver Auto Auction
17500 E 32nd Ave, Aurora, CO, (303) 343-3443
Pacific Auction Co
5450 Dahlia St, Commerce City, CO, (303) 287-0691
Copart Salvage Auto Auctions
6464 Downing St, Denver, CO, (303) 287-8165
Copart Salvage Auto Auctions
1281 County Road 27, Brighton, CO, (303) 659-0066
Vad Automotive
4390 Kipling St # B, Wheat Ridge, CO, (303) 940-8227
Roller & Associates
7500 York St, Denver, CO, (303) 289-1600
Asset Recovery Solutions
3601 Natches Ct, Sheridan, CO, (303) 733-0135
Farmington Auto Auction
1661 W Murray Dr, Farmington, NM, (505) 326-1005
Dealers Auto Auction of the Rockies
7175 York St, Denver, CO, (303) 289-7716
Colorado Springs Auto Auction
500 Willow Spring Rd, Fountain, CO, (719) 392-3406
Insurance Auto Auctions Inc
1280 Highway 50, Delta, CO, (970) 874-7326
Klode Auto
2730 N Townsend Ave, Montrose, CO, (970) 249-1883
Klode Salvage Distribution Center
8300 Blakeland Dr, Littleton, CO, (303) 470-5511
Pyramid Motors
2751 N Pueblo Blvd, Pueblo, CO, (719) 547-3585
Loveland Auto Auction Inc
4660 Chapman Rd, Johnstown, CO, (970) 669-4994
Colorado Auto Auction
6955 E 50th Ave, Commerce City, CO, (303) 287-8077
Car Auctions Denver
8130 Explorador Calle, West Adams, CO, (720) 472-9092
Auto Auctions
1515 E 9th Ave, Denver, CO, (303) 861-9292
Dealers Auto Auction-Rockies
