Are these claims true? Government car auctions. Repossessed cars and trucks. Seized and surplus vehicles. Sounds like a terrific way to get a cheap car. How does it work? Are these real deals? Is there a catch?
Government car auctions - In a nutshell
In short, various federal, state, and local government and law enforcement agencies regularly auction off surplus, unclaimed, and seized property, inclucing automobiles, equipment, and even real estate. These are collectively known as "government auctions."
Who holds government auctions? The General Services Administration (GSA) is one of the largest. Then there's the FBI, IRS, DEA, U.S. Marshals, Department of the Treasury, Homeland Security, and Border Patrol, to name a few. State, county, and local governments also have regular auctions.
Included are state police, DOT, city and county law enforcement, city and county administrative departments, and fire departments. For more about police seized-property auctions see .
Some governement auctions are surplus property auctions and sell everything from computers, furniture, forklifts, to vehicles. Some specialize in selling cars, trucks, vans, and SUVs. For more about this type of auction, see .
Banks and lending institutions also repossess property and automobiles from non-paying customers, and sell the goods through public auctions (see )
In most cases, government and bank auctions are handled by private auction companies un...
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