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Auto Auction
Interested in finding your next car at an auto auction? You can find a great
deal on a vehicle, but before you make an offer, you should understand the
auto auction process. An auto auction is when police auction vehicles that
have been seized or confiscated due to criminal activity, forfeiture, or
abandonment. The purpose of the auto auction is to clear out inventory
and raise money to recover the costs of confiscating the property. Any
additional funds are directed back to the police station. The make and
condition of cars available at an auto auction can vary. If you do your
research, you can find a great deal.
Auto auction laws and procedures can vary by state. Some auctions take
place at the impound lot, while others are conducted on the internet. Prior
to the auto auction bidding, you’ll have time to inspect the vehicles. The
vehicles are sold as-is, so be sure to check the oil, inspect the interior, and,
if allowed, start the engine. Keep in mind that you will not be allowed to test
drive any of the vehicles. Come prepared with your bidding amount. If you
are the winning bidder, you will most likely be required to pay for and
remove the vehicle at the conclusion of the auto auction, even if the vehicle
doesn't start, in which case it is your responsibility to pay for any removal
costs. If it doesn’t work out the first time, don’t give up. Finding your next
car at a police auction often takes time, patience, and persistence.
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