Affordable Police Impound Cars are Up for Auction
By Albert Lee
Auctioning has been something that has been going on for years. Americans have been doing this since the 18th century when slaves were brought to the New World as help for the colonial masters.
Through the years, this practice has gone into other things such as old paintings, musical instruments, jewelry, property and also cars. These events are handled by banks, the government and the police who have acquired these from those who have failed to make the loan payments or when the contract on the vehicle expires.
These vehicles are not those that were confiscated from drug dealers or from solved crime cases. The price of the cars here are very affordable even if each model here is sold off to the highest bidder.
Why do the police sell of these cars? This is because it is mandated by law to do so and this just taking up space in the impound lot. The best way to attract people to check out what is available is by advertising this in the newspaper, posting it in bulletin boards and online.
The faster these disappear, the better to accommodate new ones that are coming in. Sometimes, prospective buyers are required to give a down payment or a sealed bid that will opened during the day of the auction and the same principle applies to determine who is the winner.
Prospective buyers are allowed to inspect the vehicle a few days before the auction. The person can sit inside the vehicle, examine the engine but cannot use it to go on a test drive.
The cars in the impound lot are sold on a as is basis. The nice thing about auctions of police impounded cars is that these are properly maintained to ensure road safety. The profit earned here will be used to fund projects in the police department such as the maintenance costs of the police cruisers and other equipment.
There will be a lot of people who will be attending the auction. Some want to get a car for personal use while others have turned it into a business. Payments for the auctions can be paid in the form of cash, credit card or check. The winner also has to pay a sales tax in addition to how much was the winning bid.
Before attending any of these events, it will be a good idea to set a certain budget. There is a possibility someone might outbid the individual but surely there are other cars there as well as future events probably offering something better than the last.
It will also be a good idea to sign up as a regular member for the police impounded car auction. This way, the person will stay informed when these will take place. In fact, there are also other things that can be purchased during the event and it is not just a used car.
When the person drives this off the lot, the driver needs to have it registered under the new owner's name. The police will give the winner some documents that have to be filed with the Department of Motor Vehicles or DMV.
The police impounded car will last a long time as long as this is properly maintained. It does not matter anymore where this came from when driving along the open road because no one will be able to tell the difference.
For listings of police impounded cars, please visit http://www.auto-car-auctions.info/.
Article Source: http://EzineArticles.com/?expert=AlbertLee
http://EzineArticles.com/?Affordable-Police-Impound-Cars-are-Up-for-Auction&id=365983
