Instead of going to a car dealership and buying vehicles the usual way, have you ever considered visiting a government or police auction? If you're not aware, the police seize thousands of cars and other vehicles every month and often auction them off to the general public at extremely reduced prices.
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:
Advantages:
- Business model is much more conducive to lower prices
- Police auctions are held everywhere in US and Canada.
- Information regarding government and police auctions with vehicle listing detail is now available on the web
- There is a large selection of vehicles that can be found at police auctions including: cars, jeeps, trucks, minivans, ATV's and more!
- No middleman for you to have to deal with or pay
- No annoying commissioned salesperson to deal with
- Motivated seller who is not equipped to handle inventory, everything must go
- Better income tax advantages (run as a business)
- Usually pay less car taxes
- Once you understand process you can do as a side business (i.e sale cars in Autotrader.com or eBay)
Disadvantages:
- Most sales are made in cash so credit is typically not offered
- No extended warranty beyond what the manufacturer offers. Most used dealerships give only 30 days
If you don't mind paying cash for a near new vehicle, then the advantages obviously outweigh the advantages. Don't forget to have someone with you who understands vehicles to inspect the ones you're interested in.
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:
Advantages:
- Business model is much more conducive to lower prices
- Police auctions are held everywhere in US and Canada.
- Information regarding government and police auctions with vehicle listing detail is now available on the web
- There is a large selection of vehicles that can be found at police auctions including: cars, jeeps, trucks, minivans, ATV's and more!
- No middleman for you to have to deal with or pay
- No annoying commissioned salesperson to deal with
- Motivated seller who is not equipped to handle inventory, everything must go
- Better income tax advantages (run as a business)
- Usually pay less car taxes
- Once you understand process you can do as a side business (i.e sale cars in Autotrader.com or eBay)
Disadvantages:
- Most sales are made in cash so credit is typically not offered
- No extended warranty beyond what the manufacturer offers. Most used dealerships give only 30 days
If you don't mind paying cash for a near new vehicle, then the advantages obviously outweigh the advantages. Don't forget to have someone with you who understands vehicles to inspect the ones you're interested in.
About the Author:
To locate vehicles at the best police auction sites click government auctions review or more specifically click Police Auctions
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