If you want to save money next time you purchase a car, SUV or other motor vehicle, one of the best ways to do it may be to purchase your next vehicle at a government car auction. You may not know it, but federal, state and local government, as well as law enforcement agencies, regularly auction off surplus, designated, confiscated and retired vehicles, and these vehicles are often sold at prices far below the vehicles' book value.
The vehicles in these auctions can come from a variety of different sources:
1. One of the most common, sometimes the most common, source of these vehicles, is vehicles that are simply being retired from government use. While it's true that many of these vehicles may have high mileage, it's also true that the vehicles have usually been well maintained, and in many cases even come with complete service history records.
2. In some situations, vehicles may be obtained by the government as a result of confiscation from criminals. These vehicles often include high-end model vehicles such as Acura, Audi, BMW, Cadillac, Honda or Mercedes, or even sports cars such as Ferrari, Lamborghini or Porsche. Imagine getting one of these cars at a bargain price!
As well as government auctions, another place to look for cheap vehicles are auctions organized by banks and lending institutions. What happens is that the original owner of vehicle is unable to make their repayments, the bank repossesses the vehicle, and then it is auctioned. Of course, the quality of these vehicles may vary, but you may be surprised at the savings that you can find!