| Are you thinking about buying at a police seized car | | | | police agencies. In some states, cities or counties will |
| auction? This article is designed to provide you with | | | | collect all police seized vehicles and have one large |
| the details on how police car auctions work and how | | | | annual auction. |
| they can get you the best deal on car for the help | | | | Regardless of the frequency of the police auto |
| Specifics may vary from auction to auction; | | | | auction, you can usually find the event in the local |
| however, the following information includes helpful | | | | newspaper or published on an online auction site that |
| and important guidelines from which everyone can | | | | works with the police departments in your area. The |
| benefit. | | | | advertisement or listing will give the date, time and |
| Police car auctions are one of the best places to pick | | | | place of the auction as well as a list of the cars that |
| up a used car. Many people think that the only | | | | will be auctioned off. They may also give a date in |
| vehicles available at police car auctions are actual | | | | which interested parties are invited to inspect the |
| police cars. Well, they're right - but only partially! In | | | | cars so that they can make decisions about what to |
| addition to surplus vehicles that have been used by | | | | buy and how much to spend. |
| the local police department, police car auctions may | | | | Inspecting cars being sold at a police seized car |
| also feature cars that have been seized due to asset | | | | auction is a must! Cars sold at police seized auctions |
| forfeiture. | | | | are sold "As-Is" with no warranty or guarantee for |
| Asset forfeiture is the confiscation of assets (by the | | | | the help In an "As-Is" auction, there is no warranty |
| police department) that have been associated with a | | | | on the merchandise and the bidder is responsible for |
| crime. The assets can be vehicles, real estate or | | | | removal from the auction location. This means that |
| currency. A federal law, passed in 1986, encourages | | | | the bidder must rely on their own inspection and |
| police agencies to seize assets as a way to deny | | | | knowledge to make bidding decisions. |
| drug traffickers their profits. | | | | In addition, even though the car was seized by a |
| What does this mean for you? Well, eventually these | | | | police department, the original financing company may |
| seized vehicles end up at a police seized car auction, | | | | still have a lien on the car. When you buy a car at a |
| where you can pick up a nice used car for much less | | | | police seized auction, you may have to make |
| than you would a private party or a dealer! The | | | | arrangements to pay off the finance company. You |
| auctioneer sells the car to the highest bidder and the | | | | can find out what the protocol is ahead of time by |
| proceeds go to the police agency. | | | | checking directly with the auction company. |
| Police seized auto auctions take place in cities across | | | | If you're in the market for a good deal on a used |
| the United States. Some are held on a regular basis, | | | | car, it's definitely worth your time to see what's |
| as big city police departments seize many vehicles; | | | | available at your next police seized car auction. |
| others are held less frequently in the case of smaller | | | | |