Below is a summary of the different services you can find and the overall ratings we have given them according to our research. Start by reviewing the table below, and if you need a more detailed review of the top 3 services see links in sidebar. Then make your selection , visit a site, and start searching for cars.

RANK NAME PRICE SUBSCRIPTION TRIAL AUCTION COVERAGE GUAR- ANTEE AUCTION GUIDE RATING INFO Gov-Auctions $39.95 One-time fee NO Very Large, Vehicles Only Visit Site CarAuctionInc $29.99 to $49.88 One-time or monthly NO Large Vehicles & Property Visit Site theCarPass $34.95 One-time fee NO Large Vehicles & Property Visit Site SeizeCars $49 One-time fee NO Large Vehicles Only Visit Site

]]> http://impoundedcarsforsale.org/reviews/impounded-car-auctions-reviews/feed/ 3 http://impoundedcarsforsale.org/repo-cars/repo-cars-for-sale/ http://impoundedcarsforsale.org/repo-cars/repo-cars-for-sale/#comments Tue, 27 Apr 2010 15:36:01 +0000 henry http://impoundedcarsforsale.org/?p=442 Before explaining further what repo cars for sale are, let’s talk about car values. From the moment you take a new vehicle out of the dealership’s showroom, it starts to loose value. And every year it will continue to do so until there is only a small residual value left that even a teenager without any job can shell out. Furthermore, the more mileage you do, the more wear the car suffers, the more it looses value.

In 3 years, an originally valued $30,000 car will have lost more than $13,000 on average, almost 50% of its value!

So to get more for a car for less money, you should consider smarter investment alternatives, like repo cars for sale. A “repo” car is simply a police, government agency or bank repossessed car.

Repo cars are put up for sale by these agencies once the previous owners couldn’t pay his monthly leasing or loan. For these agencies, as long as they have to stock and maintain the cars, they are a net liability, so it is in their best interest to get rid of them rapidly. That is why you will see bank repo cars for sale at car auctions, with starting bids as low as $100. Any sale price will be a profit for the bank or government agency.

That is where you can profit from repo cars for sale: find local government or bank auctions listing repo cars, check out those that have 1-3 year old vehicles of a brand and model that you are targeting, and drive out there on the day of the auction.  You could either check out your local newspaper ads to find these auctions, or consult local banks or car financing companies. That might take you a while. A faster alternative would be to check out the online car auctions services.

However, there are many used cars for sale that are “like-new” vehicles. Actually, while impound car auctions have police seized vehicles, there are also other government and private party auctions held for seized vehicles that include lightly used cars where the owner could not afford to pay the leasing anymore.

So if you are indeed looking for used cars for sale, it is always worth checking out these type of auctions as it is a large source of supply of cars that can be purchased for very low prices. However, always make sure you inform yourself properly about the make, model and year of your favorite used car so you know what to look for and how high to bid.

1. they are not targeting the right auctions
2. they don’t cover available auctions effectively
3. they do not know how to prepare and actually bid to keep prices low.

Let me address each point so you can buy impound cars for sale and effectively save:

1. Some impound car auctions will restrict their attendance to car resale dealers. Some others will only feature actual used police cars for sale, and then others will only have vehicles that you are not interested in. To know what is going to be listed as impound cars for sale in a particular auction, find out ahead of time by browsing the auction’s description with a good membership site featuring full details on all listed auctions.

2. The chances to hit a single auction and be able to buy impound cars for sale (that is the exact vehicle you are looking for) at a very low price is pretty slim. You need to be able to cover several impound auctions in your area, city, county, state and nationally. To save time, find out which ones feature the cars or vehicles you are looking for ahead of time. Again, you can do this with a good membership site.

3. “If you fail to plan, you plan to fail”, as they say. You have to prepare not only to be able to register for an auction, but also to know how to check out the vehicles listed before the auction begins. Also, if you do not know how to keep the bidding under control, how can you save any real money. There are simply too many points to list here on how to bid effectively and save real money, but you can learn this very easily with this free 5-part auction guide.

Yes, you can buy impound cars for sale at auctions and save thousands of dollars, but only if you know the insider tricks.

You’ve browsed through the listings at your membership site, and found that there are 4 auction listings featuring the make and model over the next 2 weeks in you area. So you get all excited and fired up thinking you will save 50% or more on your next car.

STOP right here!

Impounded car auctions can be a goldmine, if you know what you are doing, AND you have done your homework. Simply attending the car auction is not enough, for several reasons:

• you have to make sure the cars you are bidding for are worth bidding for
• you want to know what the car is actually worth in the blue-book (market value)
• you want to have set a top bid price you are willing to pay to really save money
• you want to make sure you will be allowed to participate at the auction

So first, make sure to bring a knowledgeable car mechanic or somebody who can check over the car’s condition at the impounded car auctions; it’s not enough to have the Carfax report that the auctioneer will provide, although it is a good indication of the car’s condition.

Second, you should have a blue-book guide of used car vehicles market values by make, model and year. You could also have checked websites like www.edmunds.com to determine that your Subaru Forester 2008 2.5x is should be worth $18,133, a bit more with your A/C option. That way, at the impounded car auctions, you will definitely know where to set your maximum target price, which brings me to the next point.

Knowing the blue-book value of the vehicles you are bidding for helps you set your target bid price, that is the maximum amount you are willing to pay at the impound auctions so you can save a lot of money compared to shopping around classified ads or local used car dealers.

Finally, just make sure you bring all that is needed so they will let you participate at the impounded car auctions: make sure to call up the auctioneer or check out their site so you have all ids and eventual documents with you. You will also need a proof of funds (certified bank drafts or equivalent, like pre-approved  credit card credit amount). In any case, have your driver’s license with you, as well as a proof of address.

Have fun, and start your bids low and don’t get too emotional about it: it’s possible you have to bid on several cars before you get the best deal on a metallic blue Subaru Forester 2008. We have cleared the path so you can attend these impounded car auctions successfully.

Indeed, GovAuctionAlert and some other services reviewed here offer access to public and private sector auctions for seized and impounded assets. They feature many brand new or lightly used luxury or high-ticket items like:

• designer bags, purses, suits, …
• boats and yachts
• bikes (Harleys, Yamaha, Honda, Suzuki, …)
• jewelry (rings, necklaces,bracelets, earrings, …)
• houses and other properties
• art-work (paintings, drawings, sculptures, …)

So if you are looking to buy expensive items at bargain prices, whether it is for you to own or simply to make a quick and easy buck re-selling, you should definitely check it out (your best and least expensive bet is to sign up for the 7-day Risk Free trial for GovAuctionAlert).

There are many people who are hooked on these auctions to earn a comfortable living by acquiring these items dirt cheap. Why shouldn’t you try it out?

1. Select information below to find impounded cars available through CarAuctionInc
2. Click on “GO” to view results.
   

CarAuctionInc gives you access to impounded car auction listings on different levels, depending on your needs.

They offers various membership levels, starting at $29.99 one time fee. Although we found that there are better and more complete services out there, if you are on a tight budget and don’t mind spending a bit more time searching multiple auctions for impounded cars that fit your specs, then you might want to try their entry level membership. You can also upgrade later if your needs and budget increase.

If this is your situation, I suggest you start searching for the car you are looking for by using the form above.

• save several thousand of dollars on your next car (typically 50%-70% off market value, sometimes up to 95%)
• very large selection of new, almost new or 1-4 year old cars and other vehicles
• most cars are in excellent condition, you can inspect them prior to bidding and even get a 90 day guarantee
• save time by pre-selecting your favorite cars: browse the listings online from the comfort of your home (with the right membership website)
• save time by participating at local auctions: one outing gets you to inspect dozens of selected vehicles
• save even more time by using online car auctions where you buy impound cars for sale

Why you should buy impound cars for sale

Special money saver tip: try out the best service we found for 7 days for only $1.95 – you get full access to Gov Auction Alert membership site – it is 100% risk free, you can even get your $1.95 back within the 7 days if you decide not to use the service. Look for our #1 recommended auction site on this website for a link to the trial offer. I don’t know when it is going to expire, but if you are serious about saving substantial amounts of money on your next car, don’t hesitate and try it out now. You have nothing to lose.

I hope you sensed I was really enthusiastic about this opportunity to save money when you buy impound cars for sale.