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Q: Why are the cars so cheap? How can this be true?
A: Every day thousands of Americans default on their car loans or lease payments... as a result, their new or almost new cars get repossessed or seized by the financial institutions and auctioned off in a hurry, because the cost of storing the cars outweighs the banks' ability to try to make the lost money back (same with police auctions, etc.). Consequently, lucky people who have access to direct sources where the repo cars are being sold would find themselves overwhelmed by dirt-cheap offers that look unbelievable to the average car buyer. This is real and is being taken advantage of by many car dealers. Free Repo Car Search
The US gov't also needs to sell the own vehicles after a certain stipulated time due to policies and overall financial concerns. At such stage these vehicles have been written off in the books and offered to the public.
Q: How many auctions can I expect to find in my area/state?
A: In the members area you will have immediate access to several direct links to several federal & Government related vehicle auctions incl. foreclosures, seized, surplus, repossessed or fleet vehicles listed at rock bottom prices. You will have easy and direct access to their respective contact information like the different geographical locations, dates, times and contact phone numbers. Just use our "auction finder" to see number of available auctions to members in each state
Q: So why wouldn't everyone buy a car this way, instead of the usual going to the dealer or classified ads routine?
A: Because this is a very protected source of revenue for the majority of car dealerships and is not advertised to the general public. However, we have gathered enough information and access rights to be able to let our members enjoy a multitude of the direct sources where one could find their next vehicle with up to 90% savings off the book value price.
Q: Are there any online auctions that have seized vehicles, I don't like the traditional "bid-on-the-lot" kinds?
A: Yes, there are. There is an increasing demand for online access to the repo car listings and ability to bid and buy online... and we will give you complete access to those sources.
Q: How complicated are the "traditional" live auctions?
A: Not complicated at all. Typically, you would arrive to your local-area repossessed car auction early in the morning and inspect the cars on the lot that are up for sale that day. Usually, many cars would start from only $100 and if there is limited number of attendees that day (and we have so many sources that it's virtually guaranteed that you will have almost no other bidders) then you are very likely to get the repo car you want for a ridiculously low amount when the actual bidding starts later that day! Most auction houses offer an "inspection" day usually 2 days prior to auction. All you need to bring to register as a potential purchaser/bidder is a valid photoID.
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