June 30th, 2009

Even the name sounds a bit strange : police car auctions. Just by saying police car auctions we get a couple of chills. {Some think they are selling cars that belonged to the police, cars that have POLICE written all over. People tend to think these auctions are selling only used police cars, because of the name. When people hear this term, they immediately imagine a big parking place with lots of police cars that are for sale.} Some people think that these cars in classic car auctions were taken from crime scenes or other terrifying events. While any of the horrible, yet plausible statement above can be true in about 3% of cases, cars that belong to the remaining 97% have a totally different story behind them.

The police cars that are out of legal function, but are running perfectly still can get auctioned. Only that the cars will not be auctioned as you would expect, with the POLICE sign all over them. They will be re-painted and de-equiped before any sell is made. Auctioned cars either belonged to officers that are retired now or are older cars that got replaced with newer models. Since they are not trying to regain an investment or recover some unpaid credits, the cars will sell for anything they get offered. This explains the very low prices everyone is talking about. Buyers that go to these auctions know this, and never overbid on a vehicle, trying to keep prices as low as possible. To a new buyer, the best and first advice given about these auctions is not to bid more that 50% of real value. Keeping the prices in line will benefit the entire acution.

It’s true that even car that used to belong to criminals that had no family to take over the taxes are auctioned sometimes. Sometimes, you will find an occasional car that was impounded or seized for any reasons that will also get auctioned. {Sometimes, even cars that were not entirely paid for are sold by the police. Cars that are new but not entirely paid for can be also sold. New cars that weren’t successfully paid can also be sold in these auctions.} {These cars are usually as good as new, and their prices will be a little bit higher that those of the firstly mentioned cars. These new cars will have prices that are a bit higher. Because they are practically as good as new, they will register bigger selling prices.} Even if the price is higher, it will not reach real value.

In conclusion, going to a used car auctions will not only benefit your business, but also your personal garage, because you could be walking away with an extravagant car brought at 50% below market value. Police car auction can constitute a good business starting point for anyone who has the earning to invest a little in the beginning.

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