Have you heard of impounded car auctions? They are famous for their low starting bids, but this is the same reason why many people do not trust them. So, are they scams? Definitely not - on the contrary, impounded car auctions are the most reliable and safest of all used auto auctions, because they are held by official government agencies, lending institutions and banks. Here, nobody is trying to cheat you and cash on your wish to save. The more so, as you can see from the starting bids, the vehicles are sold not to make a profit, but rather to simply get rid of them. You may wonder why the government is not interested in raising the initial price. The answer is obvious: with thousands of cars being impounded every month due to various reasons, there is simply no capability to store and maintain them all.
Rather than letting to rust and lose their value day after day, the vehicles are sold at an attractive price. You will not only get great deals, but also decent choice at impounded car auctions. You may even find vintage and luxury cars. There will be plenty of models and makes available. These cars are usually in good shape, sometimes almost new. You will be given VIN reports and history reports, as well, so you can decide on which car to bid and how much.
However, don't raise your expectations too high. Impounded car auctions don't automatically mean that you will drive a posh car for a few hundred bucks at the end of the auction. Although good vehicles can start with a very low bid, the sum will inevitably increase, sometimes very drastically, especially if a lot of bidders are involved.
But then, this is what happens at every auction - a highly desirable item will attract extra attention. It would not be fair to expect yourself to ace the very first auction you go for, because it is not very easy to learn what bids to make and when. It might be a good idea to go to a few auctions and familiarize yourself with the whole process. Of course, you have to know when and where the impounded car auctions in your area take place. In order to stay up to date, you can join an online auction directory, where you usually get lifetime memberships for a reasonable one time payment. You might even get partial listings of the impounded car auctions at these directories, so if you really do want to get the best deal, this is the best way to go about it.
Perform a quick search for your favorite car now at the online directory for impounded car auctions listed on my auto blog now.
Discover more tips about cheap used car auctions such as where to find cheap seized car auctions near your home. Also, read to find out even more on government seized auto auctions.