A police auction can be a usage levy to pick up a motorcar for a fraction of its valuation to rehabilitate and sell for Income. You amuse a authentic homogenize of cars at these auctions, from decrepit heaps left by the side of the pathway to functional, decent cars seized due to Chauffeur infractions.
Instructions
1. Bargain elsewhere from your limited police when the succeeding auction is. Some departments clout auctions every month, running advertisements in newspapers or posting notices on their Internet mark.
2. Arrive early for the inspection interval to glom over the vehicles up for proffer. Auctions are Often held at a commercial towing effortlessness contracted by the police or at the police storage group. You're allowed a unusual hours for inspection before cars hardihood on the block.
3. Bring cash. Most sales are Ending, and the auction commorancy may exclusive receive cash or certified checks.
Also be aware that impounded vehicles could have been sitting for a year or longer with no maintenance whatsoever.7. Whip out a used-car price guide (like Kelley Blue Book) once you've seen the cars, and look up trade-in values of the vehicles up for bid. If you own a PDA with wireless Internet connection, get the vehicle identification number (VIN) and run a Carfax.com vehicle history report before you even think about bidding. (See Choose a Personal Digital Assistant.)
Bids are accepted only from registered bidders. (See Buy at Auction.)
6. Look for clues that the car was moving under its own power recently. Some police stickers, such as "driving with license suspended" (DWLS), may indicate it probably runs OK.4. Bring a absolute Chauffeur's licence and test of insurance, in example you build a winning tender and you demand to pick up a temporary permit to drive the car home (permit regulations vary by locality).5. Pay the nominal bidder registration fee, and save your bidder number to show the auctioneer when you make a bid.
8. Familiarize yourself with the rules of the auction before the bidding starts, so you don't miss out on a great car. Read Buy at Auction and learn the lingo. For instance, an absolute auction means there's no reserve (minimum) price, in which case a car might be picked up for an extremely low bid. Also, some auction houses charge a 5 to 15 percent buyer's premium on top of the bidding price.
9. Remember that when you bid for these cars, you're not likely to receive any warranties or guarantees. Actually, the car you buy may not even start.
