The present generation of car lovers would surely love the idea of buying cars with up to 50% discounts from car impound auctions, (police auctions). You can easily purchase the car of your choice like this at impound auctions as so many have to be sold on the spot. You would be amazed to find the variety of cars on offer. These cars vary from the real old to nearly new cars in a reasonably good condition.
If you have an interest in bidding in these kind of auctions, then the local police is the best source of information for you regarding the schedules of future auctions.You may also gain some information about auction times from the advertisements in newspapers and also from the posts in the departments websites. To be on the safe side, you would rather be at the auction a bit early, for some inspections of the vehicles listed for bidding. The police storage area is usually intended for such auctions and you can go in the auctioning block some hours prior to the auction.
In most cases, the sales in these auctions are final, and the payment should be made by cash, though certified checks will also suffice. Your drivers license should be valid and you should have an insurance proof as well, as when you win the bid, to drive the car home you need a temporary permit. You have to pay the registration fee in order to bid, and you get a number that you show to the auctioneer while making a bid. Make sure that the car is in working condition and if there was any maintenance done to the car, for if it was in custody for a year, there are chances of it not running properly.
In terms of driving away with any of the cars from these car impound auctions, it is important that you should eliminate the ‘used-car price guide’, which is something similar to the Kelley Blue Book (used and new trade price bible) price. From Carfax.com, you can locate the vehicles history provided you have a PDA with an internet connection. Finding such information is quite easy as you can use the vehicle identification number or the VIN, and with this information you can decide if it is proper to bid for a car. Before the process of bidding begins, make sure you know all the rules.
There are some specific terms involved in car impound auctions like ‘absolute auction’, which indicates the car will be sold to the highest bidder. However, one important aspect to keep in mind is that while bidding for these impound cars, you might not get any guaranty or warranty. But that’s not to say you can’t find a real gem, or something that only needs a little T.L.C.