Get 90% Savings Off The Book Value at Government Car Auctions

Every year, millions of quality vehicles are indeed sold via Government car auctions. These take place where Government and other related organizations sell cars that have come to them for various reasons and which they need to "dispose" of quickly. These vehicle auctions are open to the general public. Another advantage of these car auctions is that the prices are often set to a "no reserve". In fact recent figures show an average 28% below dealer recommended prices being achieved at Government car auctions. This represents substantial savings for the average person.

Many have heard of these auctions but there is still some confusion what cars are actually sold via these car auctions. Here follows a list of the main categories of cars that come up at these auctions;

1. Repossessed Vehicles

If a person or a company is unable to meet their financial contract payment dates or conditions, even after being given grace time, the finance company will repossess the vehicle at the cost of the contractee. A large number of fresh or approximately new cars get forfeited or seized by the financial institutions everyday as thousands of people fail to pay their car mortgage or lease costs. These cars are also auctioned off in a hurry, because the rate of accumulating the cars compensates the banks' ability to get the lost money back (similar to the police auctions, etc.). As a result, for some fortunate people who have the access to straight sources, find themselves weighed down by very cheap car offers that look unbelievable to the average car buyer. This is real and is advantageous to many car dealers.

2. Seized Vehicles

Thousands of quality vehicles get seized each year for several reasons. by the financial institutions everyday as thousands of people fail to pay their car mortgage or lease costs. Many due to offence related matters. These vehicles may be deemed to be "seized" for various reasons and these vehicles are "disposed" off via Government auto auctions. Importantly, many of these vehicles are sold at no reserve limits. There are many genuine sales each year where BMW's and other luxury cars are sold up to 90% off estimated market value.

3. Fleet Cars

Cars, and trucks that were driven by government officials, even police cars will be sold at the vehicle auctions when its time to vehicle to be replaced for the latest year model. Many times these vehicles are in prime condition, well maintained and under factory warranty. These vehicles are already written off and are many times sold at no reserve. Government agencies such as IRS, DEA, FBI and the police departments acquire 1000s of cars each month through seized and foreclosure laws that are auctioned off to the general public. These cars are listed and sold at up to 95% off of their original values and sometimes, these auctions may start from $100 only. These cars are sold very quickly as their storage costs are very high.

4. Surplus Vehicles

When during the government and police auctions, we find surplus vehicles up for grabs, these are often specialized vehicles that were used by various departments. Again, these vehicles are already written off. And since they are often highly customized, with expensive options, there is no tangible market value. They offer a great opportunity for companies to make great bargains.

5. End of Financial Term Vehicles

People often take vehicles on lease for a fixed duration, and when this ends, they will return the vehicles to the financial institutions which in turn sell them via car auctions just to cover the write off value. This value is often much lower than then real value of the vehicle.

Due to the nature of these vehicles they represent a large volume of vehicles never found at your local car dealer. By carrying out a simple hunt on your Internet, one can benefit from these great cars available in all kinds and price range. Car-Auction has a database full of thousands of different cars waiting for the bid. One can convert their dream car to reality by purchasing it from government & surplus auctions! Buying a car can be a difficult and stressful process but GAS makes it enjoyable and fun experience.

However not everyone can buy cars in this manner as this source of revenue is protected for the majority of car dealerships and not journalized. The general masses might have to go through the dealer or a classified ads routine. However, several organizations have gathered enough information and access rights to be able to let their members enjoy a multitude of the direct sources, whereby one can find their next vehicle with up to 90% savings off the book value price.