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