Police Vehicle Auctions - Pros & Cons vs Car Dealerships
by: DougSmith |
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Are you aware that you will be allowed to attend many of the government and police auctions in your area? The police seize thousands of cars and other vehicles every month all across the country due to several different reasons. These vehicles are offered for much lower prices than you would generally pay by going through a car dealership.
Obviously, police auctions are a secret that car dealerships don't want you to know about. This is because not only is there one less potential customer looking to purchase a vehicle but there is also another bidder competing against him for the cars that are being auctioned.
Yet over 90% of the population still goes to car dealerships to purchase their vehicles. People are simply not aware of the great deals that police auctions have to offer. The government isn't about to spend any budget publicizing the auctions either. Below is a list of pros of advantages versus disadvantages in buying vehicles at these auctions:
Pros:
- Business model is much more conducive to lower prices
- No matter where you live, there are typically many auctions held around your area
- Detailed previews on the Internet of the cars and vehicles that will be offered at upcoming auctions
- Typically there is a wide selection of vehicles (i.e. could find a BWM, Jeep, Porsche and Chevy at one auction)
- no distribution channel (car dealership) to go through or to pay
- No pushy salesperson looking for a commission
- Motivated seller who is not equipped to handle inventory, everything must go
- Possible advantages to income taxes (establish a business name)
- May pay less sales and new car tax
- Once you have an understanding of police auctions, you can start your own business (i.e. Sell cars on eBay or Autotrader.com).
Cons:
- Most sales are made in cash so credit is typically not offered
- No warranty (although used car dealerships warranties are for short time periods)
So if you don't mind paying cash, or have access to credit, then it's obvious that the pros far out-weigh the cons in favour of government and police auctions. Just as with a used car dealership it is a good idea to bring someone with you who can inspect and determine the vehicles condition.
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About the Author
To locate automobiles at the best government auction sites click government auctions review or more specifically click Police Auctions, Seized Cars, Trucks, Boats, Vehicles
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