There is another reason the government agency want to rid themselves of hanging on the vehicles is because of there decrease in value as time goes by (as with all cars). It is commonly known that the value of a car decreases quickly with time, even if it is not being driven.

The best thing for us "the general public" is that the Government agencies have a more pressing need to get rid of these vehicles more than they have to make a profit. That is the perfect recipe for saving us the buyers tons of money. It is reported that at these government seize car auctions people win bidding on cars saving 30% to even 90% off the retail value. Wow, that is a big savings.

Government seized car auctions are held usually every week in every state across the country. The cars are very often in good condition and vary from all types, BMW?S, Mercedes, Cadillac, SUV?s, Honda?s, etc. As stated there are many different types of cars with many different value types, you could spend $500 to $10,000 or more depending on what you want, what the retail value is and what other bidders/market are willing to pay at the government seized auctions you are attending.

Now let’s pass on a few notes here of honest reality. There is a lot of hype on the internet these days in regards to government seized car auctions that seems to make it all sound so easy to buy a car at auction for 80% off retail. Not saying this isn’t possible but what happens is, people don’t stick to their budgets when it comes to bidding. You have to set a budget amount based on the retail value of the car you want, somewhere in the neighbor of 90% to 30% below retail value. You don’t want to bid any higher than 30% below retail of the car (use a Kelly blue book to get the estimated market value) because you have to also pay auction fees and registration. So to get a real deal stick to your budget and if you loose on bidding be patient another auction and the car you want will come by again.

Now that you know government seized cars have to be auctioned off to the highest bidder is a recipe for saving you 30% – 80% less retail on the car of your dreams (if you are dreaming about one). The opportunities are great. There is a good chance you will find a great car for your enjoyment for a lot less or buy cars to resale for a profit. Either way you still have to do your homework, know where to find auctions in your area, how to inspect them and how to budget your bidding as to not pay too much. Research the subject through our site and attend a few auctions just for fun to Just to see how auctions work before you buy is probably the best advice. Good luck and have fun! P.S. Take a friend with you and enjoy it together that’s even better : )

By: Samual Warmuzen

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Samuel is an seize car and bank repo auction enthusiast that has built a site for everyone of you interested in saving time and money buying your next vehicle from government seized seize car and bank repo auctions and other bank repo