Not many people are aware that you can buy a vehicle for $339.95 simply by visiting a local government police auction.
Here’s how it works! At many government auctions if a vehicle isn’t purchased during the bidding session, then it will be put up for sale directly after the auction has ended at the set price of $300 (I’ll explain the other $39.95 later). The reason is simply because the government does not want to have to store any vehicles after the auction is over.
The first time I noticed this, I was going through some of the car listings on the site mentioned below (last paragraph) and then I noticed something peculiar. Many of the cars were indiscreetly labeled ‘If vehicle does not sell at this auction it can be purchased afterward for $300′.
I called a number of the government auctions and agencies directly, with the number that was listed on the site (see below for site). To my astonishment because of current depressed state of the economy, a good number of vehicles were not receiving a starting bid and were selling off for $300. In fact at many of the government auctions there were more vehicles available than buyers wishing to purchase them. This is due to this fact that most car dealership’s vehicle inventories are already too high. Even if they wanted to purchase, banks aren’t offering credit in most cases.
The remaining $39.95 I mentioned is for a Government Auctions membership which will provide detailed info on all local auctions and vehicles at each. Its well worth it though as it has all the hard to find all these details on one site, plus you’ll also find many items including car parts, foreclosed homes, furniture, electronics, jewelry, office equipment, etc. all for pennies on the dollar.
So once you have chosen the vehicle auctions in your area that you can attend, simply show up at them, check out the vehicles you like, bid on them if you choose, or better still wait until the auction’s over and buy any remaining vehicle(s) for $300 (auctions may have slightly different policies on this so call in advance).
You’ll be surprised at what you can get for $300. I know, I’ve purchased 3 cars this way including a older model Beemer in great condition.
