Auction Power Guide

Are you thinking about buying at a police seized car auction? This article is designed to provide you with the details on how police car auctions work and how they can get you the best deal on car for the help www.auction-entrepreneur-kit.com. Specifics may vary from auction to auction; however, the following information includes helpful and important guidelines from which everyone can benefit.

Police car auctions are one of the best places to pick up a used car. Many people think that the only vehicles available at police car auctions are actual police cars. Well, they’re right – but only partially! In addition to surplus vehicles that have been used by the local police department, police car auctions may also feature cars that have been seized due to asset forfeiture.

Asset forfeiture is the confiscation of assets (by the police department) that have been associated with a crime. The assets can be vehicles, real estate or currency. A federal law, passed in 1986, encourages police agencies to seize assets as a way to deny drug traffickers their profits.

What does this mean for you? Well, eventually these seized vehicles end up at a police seized car auction, where you can pick up a nice used car for much less than you would a private party or a dealer! The auctioneer sells the car to the highest bidder and the proceeds go to the police agency.

Police seized auto auctions take place in cities across the United States. Some are held on a regular basis, as big city police departments seize many vehicles; others are held less frequently in the case of smaller police agencies. In some states, cities or counties will collect all police seized vehicles and have one large annual auction.

Regardless of the frequency of the police auto auction, you can usually find the event in the local newspaper or published on an online auction site that works with the police departments in your area. The advertisement or listing will give the date, time and place of the auction as well as a list of the cars that will be auctioned off. They may also give a date in which interested parties are invited to inspect the cars so that they can make decisions about what to buy and how much to spend.

Inspecting cars being sold at a police seized car auction is a must! Cars sold at police seized auctions are sold “As-Is” with no warranty or guarantee for the help www.mining-auction-gold.com. In an “As-Is” auction, there is no warranty on the merchandise and the bidder is responsible for removal from the auction location. This means that the bidder must rely on their own inspection and knowledge to make bidding decisions.

In addition, even though the car was seized by a police department, the original financing company may still have a lien on the car. When you buy a car at a police seized auction, you may have to make arrangements to pay off the finance company. You can find out what the protocol is ahead of time by checking directly with the auction company.

If you’re in the market for a good deal on a used car, it’s definitely worth your time to see what’s available at your next police seized car auction.

SIMRAN(rimpy)
http://www.articlesbase.com/internet-articles/auction-police-car-auctions-are-one-of-the-best-places-to-pick-up-a-used-car-721238.html

Looking for a car auction in Maryland? There are tons of searches done through Google, Yahoo and MSN for “car auction in MD”, “Maryland car auctions” and similar terms. This reveals that there are some wise consumers looking for cheap deals and bargains for automobiles.

What You Are Getting At a Car Auction in Maryland

There are different types of car auctions that take place in Maryland MD. You have the private auctions which are open only to authorized dealers. The public auctions are held either by state agencies like DEA, IRS, FBI and police departments and banks. These are all seized or pre-owned/surplus vehicles.

How Cheap is it to Buy From A Car Auction in Maryland MD?

Public auctions held by government agencies tend to offer better bargains. They are more concerned with selling to get rid of the vehicle inventories than profiting from the sales. You will often find deals up to 90% knocked off the retail values of vehicles there. As for the banks, for more details visit to www.auction-professional.com the cars are also auctioned cheaply but recovery costs are typically higher and hence, the starting bids are slightly higher as well.

Where to Find Maryland Car Auctions

Go directly to the official websites of the government agencies to take a look. Some agencies will list the auctions on their message boards. If not, give them a call to check out. Quite a number of them do not handle the auctions but rather contract the services of an auctioneer company to represent them and organize the auto auction. Find out who they are.

Alternatively, look through the classified ads of local newspapers and online news broadcasts. Newspapers like The Capital, Baltimore Chronicle, for more details visit to www.mining-auction-gold.com Baltimore Sun, Baltimore Times and others are great sources to know where each car auction in Maryland MD is held.

The final option, searching online car auction directories is perhaps the easiest option. The above 2 options can work but will take hours to find. You may also miss out some auctions that are not advertising also.

This is not the case with the online car auction directories. The search is automated and all you need to do is type in your requests. Everything works like a search engine and the results will tell you exactly when and where a car auction in MD is taking place. You can also see what car makes are available. To access such privileges, it only costs you a couple of dollars.
Start your car search now and find out the schedule and venue of a car auction in Maryland that is near your home today.

Arjinder
http://www.articlesbase.com/online-business-articles/how-cheap-is-it-to-buy-from-a-car-auction-in-maryland-md-723059.html