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If you are seriously considering going to a government auto auction to purchase a vehicle, you have made the first step. If you’re still not convinced that auctions are right for you, read the information below to learn about the three benefits of buying a vehicle at a government auto auction.
It is no revelation that buying a car is expensive. Even used vehicles can cost a lot of money and put pressure on the budget. For this reason, many people take advantage of the huge cost savings and buy their vehicles at a government auto auction.
Since these government vehicles are no longer in use, they are offered for sale at a public auction. Government entities want to get rid of these vehicles as quickly as possible, as it is costing them money to store the cars. By placing the vehicles at auction, they can sell many of them at once and liquidate them.
Bidding for these cars and trucks starts at a price well below the retail value of the vehicle. The price only goes up if there are multiple people bidding on the same car. Many bidders stop bidding immediately once the price increases. When all but the last bidder have folded, this person gets the vehicle for the amount of their last bid.
It is no secret that the government has the resources to take good care of its vehicles and it is essential that the employees who drive these vehicles have a safe and reliable automobile. Government vehicles have regular maintenance checks and mechanics quickly repair any problems with the vehicles.
The government does not sell these cars at auction because they are worn, they sell them when they replace the vehicle, which is normally when the odometer reaches approximately 25,000 miles. In some cases, the vehicle may have close to 40,000 miles, but this is still a low mileage for a used car or truck.
The maintenance schedule and repairs are documented in a log book and kept with the vehicle. Potential buyers can view these documents to see what has been done to the car.
No car payments
When you buy a vehicle at a government auto auction, you must pay for the vehicle in full before it is removed from the premises. Once you pay for the auction car, it’s yours and you don’t have to worry about making a costly payment every month.
When you finance a car through a lender, you also have to pay interest along with the loan. This additional cost further increases the price of the vehicle. Monthly car payments can also put pressure on finances, especially if the payments are high.
After buying and paying for a government auction car, you are the owner of the vehicle. This saves you money every month because you have to pay one less bill.
Getting a good deal, owning a reliable used car, and not having an additional bill each month are three great reasons to visit a government auto auction. This information should tell you that buying a government vehicle at auction is a smart move.