DEL PIERO asked:
Ive been coming across loads of websites Like Seized-Cars.com on government possessed auctions but theres a fee to join and it looks like a bunch of bull but the cars are so tempting anyone know much about this?
Tags: Cars Auctions, Del Piero, Government Auctions, Online Auctions, Police Auctions, Seized Cars
December 25th, 2008 |
Tags: Cars Auctions, Del Piero, Government Auctions, Online Auctions, Police Auctions, Seized Cars
December 27th, 2008 at 1:24 pm
Not all of them are scams, but some of them are really just small time dealers who buy seized cars at auction, fix them up and bring them to market at a discounted price—which they can afford to do because they also buy the cars cheaply at auction. The Treasury typically sells seized property for the amount of unpaid taxes owed, which is sometimes less than what the property is really worth. If its a case where the US Marshall, FBI, or DEA seized the property related to other criminal activity (i.e. a drug bust) they may try to start the auction price at close to the actual value of the property. Sometimes they do not, but because there are usually a lot of people bidding for these items the competition drives the price up. Still, if you have the cash to bid competitively you can walk away from these auctions with excellent bargains on near new cars. And its going to be a lot cheaper than buying and financing a car from a car dealership. The drawback is that the property is sold “as is”, so if there are problems with it later on you will have to deal with that expense out of pocket.
You can bypass all the middle people and go directly to the source yourself. The Treasury is the official department of government that seizes property from people who owe and don’t pay federal taxes. They have it all…houses, cars, airplanes, boats…
Their official auction website is here: