police auto auction

So it’s about that time. You need a new car for the family, but money is a little tight and not exactly growing on trees. This is not a big problem and shouldn’t concern you. With these current economic circumstances the majority of people are cutting on their expenses as much as possible

We’ve all heard of the savings one can make at  police auto auctions, but the question remains: Are they really as lucrative as many folks make them out to be.
This question is best answered by looking at the origin of cars sold at police auto auctions. The cars come from being confiscated from criminals or involvement in illegal activities. Simply put, the police does not wish to get the absolute highest possible prices for these cars like banking and other financial institutions wish to. This is a perfect world for prospective buyer as you’re dealing with a seller that doesn’t really need to sell a product at market value.

So the idea of these police auto auctions seems attractive to you. How should you proceed now going forward?

The easiest thing you can do is to get in touch with your local police station. The possibility is of course always there that the first person you contact won’t have a aclue how to direct or assist you. If you’re a little luckier they may actually transfer your call to a relevant asset management department. Don’t overcompliacte things. Start simply by getting the list of dates and going to the next auction.

You can also get to know of these auctions through pamflets, locals newspapers, online newsletters, etc.

So once you know when the next event is held, you’ve only really done about 25% of the job. Your next move would be to get a catalogue from the auctioneering company which will list all the vehicles up for sale at the event. On this list you can identify a shortlist of vehicles that are of interest to you.

After you obtained this list, focus your energy on doing your homework on these vehicles in the form of inspections, valuation calculations and in-depth research. This will really enable you to identify the autos that are worth your time to bid on, and the cars that aren’t. The number one tipe to remember is not to let your emotions get involved, but to rather let your auction strategy be led by the research groundwork you’ve done. Follow this strategy and your next car will be purchased with much less money you’ve budgeted for!

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