Government auctions for cars have been a closely guarded secret, it seems; as it is incredible how much of a bargain can be made and how few people actually decide to buy a car through this channel. These auctions must be automobile manufacturers' worst nightmare, considering the deep discounts that are possible at (oftentimes) almost new vehicles or vehicles in prime working condition.
For those who are new to the world of government surplus auctions, here's a brief description: government and public surplus auctions are where government owned assets that the associated government agency wants to dispose of, are bid upon by buyers in a competition of acquire possession of the asset. These government auctions work exactly like regular auctions, with the exception that a government agency owns the assets under review. To take part in these auctions, bidders have to register with a website that conducts such auctions. There are a number of these sites.
These auctions, like regular ones, are binding contracts upon the winning bidder to purchase the item. If sufficient effort is made by the seller to seek the winning bidder, and he or she doesn't come forth, they are subject to legal action or penalties. Moreover, the websites that conduct such auctions are very strict about nonpayment and incomplete transactions. Such users of the website often get their registrations canceled and receive a bar from future participation in the website's auctions.
Coming back to the variety of cars and other vehicles that are auctioned off by various government entities, it may get rather confusing to decide which auction is worth participating in and how to decide what bid level to go to, especially to the novice bidder. A suggestion for such bidders is to take part in a number of bids to increase exposure and learn through experience (it is not necessary
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