Bikes Cars and Boats

So you are at a point where no one really needs to sell you on the fact that police vehicle auctions are a good place to shop for bargains. Perhaps you just need a good strategy to follow in order to translate your efforts to some serious dollar savings. If you follow these next steps (4 phases) you will have started your successful journey to auction riches.

The Car Inspection

This is an absolute golden opportunity given by the police department – the opportunity to, in-depth, inspect all parts of the car. Make use if it!! The purpose here is to have a closer look at particularly the engine (for mechanical issues) and structural integrity of the car as you won’t be allowed to test-drive it.

The Vehicle Identification Number

Most folks very easily forget about the basics. This can easily get you in a fix. Without any significant monetary outlay you’ll be able to obtain a basic report on the ‘life’ and history of the car, using its VI number. This report will give you exactly the sort of information you need to determine if you want to even buy the car at police auction

The Vehicle’s Title

Even though the police department does do some work to make sure there is no outstanding claims on the title of the car, they by no means do a very thorough job. Best to check this yourself as you do not want to sit with a financing house repossessing the car you just bought.

The Valuation

If you enter the auction without knowing what a reasonable market valuation of the vehicle would, you are setting yourself up for serious trouble. It’s sort of like starting a camp fire completely covered in kerosene. Not knowing the valuation of the car will result in you bidding for it until you won. The will normally be at a price significantly greater than what it is actually worth. Therefore it’s imperative that you have a good ‘handle’ on the valuation so to stop you not bidding a cent more than its fair value.

With all of this information you will usually be perfectly prepped for a standard police vehicle auction. Alot of folks get distracted by the events of the day. This is particularly the case with live public auction events. The very best advice anyone can give is to stay relaxed and stick to your strategy. The most successful bidders the ones that remain relaxed and collected. With their fixed strategy they usually walk away as the winners.