Buying from Police Car Auctions
Even the name sounds a bit strange : police car auctions. Just by saying police car auctions we get a couple of chills. {Some think they are selling cars that belonged to the police, cars that have POLICE written all over. People tend to think these auctions are selling only used police cars, because of the name. When people hear this term, they immediately imagine a big parking place with lots of police cars that are for sale.} Others think that in these government seized car auction they sell cars that belonged to bandits, cars with bullet holes, cars that were murder scenes and god knows what other horrible things people suspect. In about 3% of cases, these improbable statements are true, but there still are 97% of cars that do not fit into these descriptions.
It’s true that police cars that are still working and look good, but for some reason have been parked around for a while and never used are sometimes auctioned. Only that the cars will not be auctioned as you would expect, with the POLICE sign all over them. The cars get repainted and all stickers and other police property will be removed. These cars usually belonged to retired officers or are currently replaced by other newer models, so there’s no point in stocking them forever. Because at the moment a car is replaced or unneeded it is considered used asset and deducted from stock that respective car will sell in an auction without reserve. This is how the low prices are explained. Even present buyer know this, and try to do as much as they can to keep prices low. If you want to go and try your chances, you will have to pay cash, no bank transfer accepted, and calculate any offered car’s price at about 50% off its normal price. Keeping the prices in line will benefit the entire acution.
The police also auctions cars that belonged to convicted people that have no possibility of paying for affiliated car payments, or cars that have been impounded for various reasons. {Sometimes, even cars that were not entirely paid for are sold by the police. Cars that are new but not entirely paid for can be also sold. New cars that weren’t successfully paid can also be sold in these auctions.} {These cars are usually as good as new, and their prices will be a little bit higher that those of the firstly mentioned cars. These new cars will have prices that are a bit higher. Because they are practically as good as new, they will register bigger selling prices.} Even if the price is higher, it will not reach real value.
So, the main idea is that by going to a classic car auctions you could be walking away with good low priced cars. Police car auction can constitute a good business starting point for anyone who has the earning to invest a little in the beginning.