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Buying Impounds
f you’re looking for a cheap used car, consider finding it at a police
impound lot. Police impounded cars are vehicles that have been seized
due to criminal activity, abandonment, or negligence. The police auction
off the police impounded cars to clear out inventory and raise funds for
the station. Sound like a good deal? It can be if you do your homework.
Check web sites, call local police stations, or check your local
newspapers for any upcoming police car auctions. Next, research your
local police auction laws which can vary by state. If the web service or
station provides you with a list of police impounded cars, take the time to
research the resale values of each vehicle. On the day of the auction,
arrive early. If allowed, make sure to inspect the vehicles. Lift the hood,
check the oil, and look at the interiors. The condition of the interior can
tell a lot about the condition of the rest of the car. Remember, when you
bid on police impounded cars, you’re bidding on them as-is. Therefore,
you have to consider repair costs in addition to your bidding prices. Also
remember to arrive with any necessary money orders, identification, and
tools. Most auctions require the winning bidder to remove the vehicle at
the conclusion of the auction, even if it doesn’t run.
After you’ve inspected the police impounded cars, set your bidding prices
and stick with them. Don’t get caught up in a bidding war and spend
more than you can afford, or more than the car is worth! There may be a
lot of experienced and professional bidders at the auction which can be
overwhelming and intimidating. Do your homework, familiarize yourself
with the auction terms, and know the risks involved. Finding the car that
meets both your driving needs and your budget may time some time and
patience.
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