Are There Legitimate Online Government Auto Auctions Out There?
"Subscibe To and Bid on Online Government Auto Auctions only after you learn the ropes"
Have you ever been scammed by a online seized vehicle auction site that promised you more great deals than anyone else? The promotion was great but in the end, after they had your money, there were very few real deals on vehicles that met your needs.
If there is a government auto, seized vehicle, or police auction site out there that I have not tried, I am not aware of it. Most of the sites I have tried are not worth the subscription fee. Many didn't deliver or stand behind their claims.
However, legitimate auto auction sites are out there and that is the good news. You can find great deals if you are willing to do some work to prepare to bid intelligently. This article will help you make the right decisions from the start.
When it comes to car auction sites, I have found that you can indeed find what you're looking for and you can expect to pay as little as 25 cents on the dollar or less for your car if you do the research first, stick to your numbers and above all be patient for the right deal. To do this, it's best to stick to the 4 top sites that are far superior to the rest. They have more auctions, more cars and more support. They operate with integrity. If you browse these sites consistently, and if you remain patient, your car will become available at the right price within a few weeks, whether it's a Hummer, Honda or Harley - it's out there, trust me.
The biggest rule to remember when it comes to these auction sites, and auctions in general: Go in with a plan. Do the research. The car sites like Edmunds and especially Kelley Blue Book are particularly useful. Know your models and know how mileage, condition and options effect value. Then stick with what you know. Don't bid outside your knowledge-base just because a great looking car seems like a good deal. If you've done the research on a Honda Accord, don't haphazardly bid on a Lexus, just because it seems like a good deal. You want to know it's a good deal. Do a little research and your confidence and proficiency will lead you to better buys and wiser bids.
Once you know the value of the car you want check the top auctions to see if similar cars have sold for that price. This is the sanity check you need to determine a real deal and to make sound bids when the right car comes up for auction. This sometimes translates into a car purchase at 25-30% of blue book value. Adjust your numbers based on what you find and then stick to the numbers. Don't chase a car beyond your goal price; don't overbid.
Armed with this advice, read about the 4 best government auto auction sites you should consider when conducting your search. I have rated several seized vehicle auctions here that rated 4 out of 5 stars or better
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