Lucrative Deals at Police Vehicle Auctions
Maybe you are already sold on the fact that there are extraordinary bargains to be had at police vehicle auctions. Perhaps you just need a good strategy to follow in order to translate your efforts to some serious dollar savings. If you want to ensure that you achieve your goals at auction events, follow these 4 steps below.
The Inspection
This is an absolute golden opportunity given by the police department - the opportunity to, in-depth, inspect all parts of the car. Utilise this opportunity!! Most auctioneers won’t actually allow you to drive the car for a ‘test run’, but you will at least be in a position to inspect the engine and look for any troubling mechanical signs.
The VIN
It’s the basics that most people forgot and that ultimately get them into trouble. For no cost whatsoever you run a basic report an a cars history by using it’s registration number. This report will give you exactly the sort of information you need to determine if you want to even buy the car at police auction
The Title
Most folks agree that the police does check the titles of the vehicles before being put up for sale. Even more would agree that they don’t do a good job with it. Rather check this for yourself as it’s a gutting experience to have the auto that you just bought repossessed by a creditor.
Valuing the Vehicle
If you plan on purchasing a car at the auction without having a good estimation on the vehicles value, you should be prepared for potential serious problems. It’s like driving downhill without any brakes on your car. If you don’t have a benchmark valuation handy for the car, the chances are very good that you will bid until you win. This strategy will lead you to buying the car at a price much more than what it’s worth. Therefore it’s imperative that you have a good ‘handle’ on the valuation so to stop you not bidding a cent more than its fair value.
With all of this information you will usually be perfectly prepped for a standard police vehicle auction. It’s very commonplace for people to get distracted and caught up with the auction activities on the day at live events. Best advice is to stay calm and focussed on your game plan. The most successful bidders the ones that remain relaxed and collected. With their fixed strategy they usually walk away as the winners.
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