Have you ever wondered where all those nice cars, ATV's and even airplanes go when an individual or company is investigated by the FTC or IRS? The excess inventory has to go somewhere right? The government is not in the business of setting up dealerships to sell off the inventory it seizes, so they send everything to auction. The million dollar question is, what auction and where?
There are thousands of auctions held around the globe that participate in selling off seized inventory. As licensed consultants doing business at these auctions, we decided to share this information with you. We have spent years visiting and participating in various auctions throughout the United States and have extracted valuable information, from not only the main stream auction companies, but the smaller less conspicuous ones also. The information provided within this website is a list of auctions by category. Ranging all types of automobiles with autos, RV's, ATV's, airplanes, and heavy equipment. So whether you are looking to buy a jumbo jet, or a fork lift, you can do so with ease from the auction information and lists we provide.
Knowing when and where these auctions will take place is the biggest secret. The great advantage about auctions, for example a government seizure sale, is that not a lot of people are present over there, simply because they are not aware of it. These types of auctions have no reserve, meaning the highest bidder goes home with the item. Cars at such auctions are often sold for lower than $100.00!
So whether you are looking to buy for yourself, or use it to make millions, it is very easy to get started. Once you realize how easy it is to buy low and sell high, it is extremely difficult to stop, since it gets so addictive. Another advantage to buy automobiles from auctions, for example, police seizure auctions, is the incredibly low prices. You will usually not see other dealer principals at these locations. It's very confusing why this is the case, because vehicles are generally sold for less than what licensed dealers are paying at main stream auctions. They are held at places, such as Manheim, Adesa, and Brasher's Auto Auctions. The very aggressive and intuitive dealers may shop at these auctions for their inventory, but very few even know about their existence.
Once you determine what you want to buy, simply contact the auction or connect with them through the link provided and fill out the necessary registration paperwork. Keep in mind; we do list all the private dealer only auctions as well. Most of the private auctions also have public auctions at their facilities. You will need to be registered before you can bid on any item. We suggest you go to the auctions in person, rather than buying anything online.
At least in the beginning until you feel comfortable buying unseen products. It really helps not making a mistake, when you can touch it, smell it, and feel it. Once you are familiar with the auction and their policies, you will be more comfortable bidding online. We suggest you check out the condition of the vehicle, and you don’t have to be an expert to do that. All you have to do is check the oil, transmission fluid, etc. to determine if there are any apparent issues with it. Start it up and listen to the motor, most auctions do not mind if you drive it backwards and forwards to determine any power train issues. At any rate, rule out any obvious problems with the vehicle before you start bidding on it.
Once the auction begins, they will make announcements about the mechanical worthiness of the vehicle. They will also announce if the car contains a warranty. Usually a warranty from auction means you have the right to have it checked out by your mechanic or theirs. We usually recommend that you have a post sale inspection on the car. The auction mechanic will check for problems, and then note a pass or fail inspection. If it fails the Post Sale Inspection, you will not be obligated to purchase it.
However; you can still go back and negotiate with the auction for a cheaper price to pay for the problem. They have the right to accept or reject the counter offer. Despite some misconstrued information about auto auctions, it is the safest and most productive avenue of purchasing a used car. First you purchase the car at a wholesale auction price, and then have it inspected for mechanical errors before you are obligated to purchase it. You will not get that with an individual sale or dealer off the street. Most boat, ATV, airplane, and heavy machinery auctions have the same policies.
Because shipping autos, boats, RVs, ATVs, and even airplanes are a crucial part of any dealership, we consider this information to be a competitive advantage over our competition. For example, why pay dealers, $1.50 to $1.75 per mile to ship a fifth wheel travel trailer or boat, when we have shippers that have transported units for as low as 75 Cents per mile? We have conducted years of research to provide you with this valuable bit of information, so that you can save money on shipping vendors.
One important matter to consider, it is imperative you hire experienced licensed and insured operators. The companies we use, not only have all the above, but are reliable, and that means everything to a pre-sold customer waiting for his or her product.