If you’re looking for an automobile but have a very small budget to go around, then an auction of repossessed Cars might be the answer to all your problems. Normally, the government and banking institutions seize thousands of Cars every day due to a variety of laws, violations and as debt payments.

The government and banks put these automobiles for auction since it is cheaper for them. You see, when they seized or repossessed Cars, they have to store them someplace and the costs of storage is a little bit high and not to mention the deterioration and depreciation of the Cars would gain if they are put to storage over a long time.

That’s why they want to dispose these kinds of automobiles the soonest time possible even if it means selling them at way below their appraised value. The answer is conducting a confiscated auto auction. There are times where banks and the government sell these automobiles at 80% to 90% off retail value.

Automobiles that are auctioned off by the government usually comes from the Internal Revenue Service (IRS), U.S. Marshals Service (USMS), U.S. Customs Service, from the State and local Police/Sheriff’s Auctions, U.S. Department Of Defense, Small Business Administration, U.S. Bankruptcy Court, U.S. Department Of The Treasury, Regional Government Public Auctions, Department of Defense Reutilization and Marketing Service (DRMS) and even in other departments like Department of Energy (DOE) and Department of Agriculture (USDA).

It’s just a matter of taking time and looking around these departments’ circulars and confiscated auto auction notices. It would also help if you know someone in the inside so you could be informed immediately about any auctions.

However, when you go to confiscated auto auction venues, you need to remember two basic things, and these are applicable to most types of auctions. First, you need to run a CARFAX Vehicle History Report on the vehicle’s VIN# before you even buy the car. And second, when you have decided to purchase a car you will be needing to buy it an extended warranty. Also remember to give the warranty a thorough glance and review and compare them with other insurance/warranty companies.

But since a confiscated auto auction is such a great place to buy a car, why is it not well publicized. The truth behind confiscated auto auction is that car dealers don’t want to let the general public to get to know about this so much. If the general public will start going to these auctions and start bidding on their own, I’m sure car dealerships’ sales will definitely be affected; most probably sales will go down considerably.

Price: $19.16 USD

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Book Description
Tom Barrett had a 1933 Cadillac V-16 Town Car he wanted to sell; Russ Jackson came to see it. How this simple meeting between two car buffs in Scottsdale, Arizona, in 1960 started what would someday be the most prestigious collector car auction in the world is the story told in Barrett-Jackson: The Standard for Classic and Collector Cars.Highlighting some of the most important collector Cars ever offered, and featuring photographs from Barrett-Jacksons extensive collection, this book follows the unfolding of a lifelong friendship and partnershipand the building of a brilliant tradition.From the 1967 fund-raiser Fiesta del los Auto Elegance to the first classic car auction in 1971, from the trend- (and record-) setting events that made their name to the high-tech, family-run enterprise Barrett-Jackson has become, the book chronicles a legend built on a mutual passionan American success story founded on that most American of icons, the classic car.

From the Inside Flap
Tom Barrett had a 1933 Cadillac V-16 Town Car he wanted to sell; Russ Jackson came to see it. How this simple meeting between two car buffs in Scottsdale, Arizona, in 1960 started what would someday be the most prestigious collector car event in the world is the story told in Barrett-Jackson: World’s Greatest Collector Car Event.

From the start of the Fiesta de los Autos Elegantes in 1967 to the first classic car auction in 1971, to the record-breaking participation in the 1980’s, to live television coverage in the 1990s, and on to record-breaking sales in the 2000s, Barrett-Jackson has become more than just an auction.

It garnered national media attention in 1971 when Tom Barrett’s Mercedes 770 Phaeton sold for a cool $153,000. The annual auction aired live on SPEED channel in 1997, and held a cyber-cast in 1998. And with an addition of Family Value Day in 2006, Barrett-Jackson has stretched to reach people from all walks, and even those to young to walk. The annual Barrett-Jackson Collector Car Event has truly become an experience for the whole family, whether at the auction or from the comfort of the couch.

As staff, trends, and times change, on thing remains the same. Barrett-Jackson has become—and intends to stay—the World’s Greatest Collector Car Event.