Why Buy Vehicles from Police Auctions over Car Dealerships?
Instead of going to a car dealership and buying vehicles the usual way, have you ever considered visiting a government or police auction? If you’re not aware, the police seize thousands of cars and other vehicles every month and often auction them off to the general public at extremely reduced prices.
Government auctions are a well kept secret that dealerships would rather you not know about. They purchase these vehicles themselves for very low prices and sell them to the rest of the public for good profit. The more consumers become educated about police auctions, the more competition they face at the auction plus car dealerships sales they could potential lose that business.
Yet almost all North Americans still continue to use car dealerships to purchase their vehicles every day. Why? Most people unfortunately aren’t educated on police auctions. The government doesn’t spend any money advertising so auction attendance is solely based on word of month. Following is a list of pros and cons when buying at these auctions:
Advantages:
- Business Methodology allows much lower prices.
- Auctions are frequently held in many locations throughout the US and Canada
- Detailed previews on the Internet of the cars and vehicles that will be offered at upcoming auctions
- There is usually a wide selection of vehicles that can be found at government auctions - sports cars, SUV’s, pick up trucks, motorcycles, jeeps, etc.
- No middleman for you to have to deal with or pay
- No pushy salesperson looking for a commission
- Seller is motivated and doesn’t want to handle inventory, everything has to be sold!
- Better income tax advantages (run as a business)
- Car taxes are typically less
- Start your own business (i.e. Sell cars on the Internet)
Cons:
- Most of the sales are cash only (any credit would have be done externally)
- No extended warranty beyond what the manufacturer offers. Most used dealerships give only 30 days
So if you don’t mind paying cash, or have access to credit, then it’s obvious that the pros far out-weigh the cons in favour of government and police auctions. Just as with a used car dealership it is a good idea to bring someone with you who can inspect and determine the vehicles condition.
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