Canadian Government Auctions Information, Links, Savings

Canadian Government Auctions, we have all heard of them but not many people really know how they work or what they offer for that matter. The reality is that Canadian Government Auctions happen everyday all around the country and are generally open to the public. Many government agencies offer various goods that have been seized or are unclaimed or are surplus items. Some of these agencies are General Services Administration,FBI, IRS, DEA, U.S. Marshals. Real estate, personal property, automobiles, boats, planes are just some of the bargains to be had.

Canadian Government Auctions sell a wide variety of land and buildings. Houses, land, apartment buildings, farms and commercial buildings are some examples. The IRS a large source of these seizures due to nonpayment of internal revenue taxes. Some tax deed auctions are held at local Court House steps and are announced in local newspapers. Other auctions are held at the property being sold.

Vehicle auctions are another great bargain source. Fleet vehicles for the government are leased by the U.S. General Services Administration and when the lease term ends these vehicles are auctioned off. State police departments, Department of Transportation, city and county law enforcement agencies all seize vehicles and personal property for various illegal activities. All types of vehicles are available at these auctions ranging from SUV’s, coupes, vans, trucks, minivans, work vehicles and much more. If the government drives it, it can be bought at an auctions.

Property and vehicles are probably the two most popular Canadian Government Auction items but there are many more. Jewelry, antiques, computers, office furniture are others. You can even adopt a wild horse through the U.S. Treasury Department. It seems that all items either bought or confiscated by the U.S Government ends up on the auction block at bargain prices.

How does a person find these bargains? There are many sources of auctions. Local newspapers, government websites, and of course there are online companies that make it their business to inform people of there opportunities. As you have seen there are many government agencies providing a plethora of items to buy. You can spend many hours researching these sources but you may want to cut to the chase and use an online site that specializes in Canadian Government Auctions. This will certainly save a person many head aches and frustration surfing the web.

There are a number of seized car auctions held in various places every month or at least quarterly. Usually, these special auctions are sponsored or put by the federal, state or local governments, and in some cases by law enforcement agencies.

There are a variety of ways on how the seized cars were put to the possession of the government. The most common and the most logical reason or explanation would be that these cars were previously owned by bad people, or those who violated laws or breached regulations.

Sometimes, cars sold at Canadian government auctions are actually old cars of government offices, which might have bought newer cars to replace the older ones.

People frequent government seized car auctions because they want to buy used or second hand cars at bargain prices. Indeed, they do get discounts, but buying seized cars could also be a gamble in itself.

Here are some helpful guidelines or tips on how you could effectively buy seized cars at Canadian government auctions.

1. To find such auctions, you should do a little leg work. Make inquiries or ask your local government about any auction that would take place. Check out the newspapers for postings and announcements.

2. Do your homework. Before buying seized cars at Canadian government auctions, it would advisable that you first do a little run down or research about the car you are planning to buy. By this, it means you should define your preferences and needs by knowing exactly the type of car you want and at what price range.

3. Research or ask experts about the value of the car you are eyeing at the Canadian government auction to determine whether the tag price is reasonable. Also try to know the seized vehicle’s vehicle identification number or VIN and the mileage. The auction’s administrators should know more about these facts and should readily give them to you.

4. Most of the seized car auctions run a preview of the seized cars for sale at least two days before the actual auction. This is the time when you can get really close to fully inspecting the vehicle.

5. When buying seized cars at Canadian government auctions, inspect the car very carefully. If you are not that familiar or if you are not really an expert in scrutinizing and eye-testing second-hand cars, try to bring in an expert or a mechanic at the auction. By doing so, the inspection would be accurate and you can be sure the price you would be paying, if ever you win the bidding process, is worth it.

6. Canadian government auctions are still auctions. That means, people go there and bid against each other. If you want a seized car badly, chances are, there are also other people out there who also want the car so badly that they are willing to bid higher to make sure they get what they want. In cases like that, do not overbid. You might end up buying overpriced used car. That would not be really practical.

7. Prices for seized cars sold at Canadian government auctions vary and change from time to time depending on the currently winning bid. Maintain your focus, and eye for other cars, if your initially preferred car would be a little overpriced.

Overall, Canadian government auctions for seized cars are attractive and practical events help people acquire cars at discounted and practical prices. Just be sure you keep your head focused and thinking analytically while being immersed in the process.

Auctions can be a little thrilling most of the time, but in the end, people who buy at real bargains are the real winners.

More and more people are looking for bank repo cars nowadays. We have heard of how we can get cheap vehicles by buying those repossessed by banks or other financial institutions. We have also heard of how some are sold for as low as 10% of their current market value. However, to really benefit from this source of cheap vehicles, one must know 2 things: where to find them and what to look out for.

Bank repo cars – How to find them

The repossessed vehicles are typically auctioned off in either public auctions or dealers’ auctions. The latter requires participants to possess a dealer’s license. Such auctions are sometimes advertised on local newspapers. Spend a few minutes each day flipping through classified ads and you may just spot one or two. Another way to find out about these auctions on bank repo cars is by calling the banks. This will take a little more time and PR skill as not all the employees may have the information and you may have to speak to different people to finally get to the right person to talk to. Finally, you can use online services to search for bank repo cars put up for sale or auctions in your area. Most of these services charge a one-time membership fee and are able to provide you with up-to-date information on these sales.

What you should look out for 
There are many things that one needs to be aware of when participating in such sales or auctions. We may not be able to cover all here but just to give you an idea of the more important things to note:

1. Condition and history of the vehicle. Bank repo cars are repossessed in a variety of ways, sometimes, without the owners’ pre-knowledge. And depending on how the previous owner takes care of the car, the condition of these vehicles varies. Some auctions have a preview period when you can check out the cars you have in mind. Bring along a mechanic if you are not so familiar with car inspection. Also, you should get a vehicle history report using CARFAX. The report will tell you many details such as any previous accidents or repairs done to the vehicle. You may need to spend some money on these but trust me, it is well worth it in the long run.

2. Setting a budget and stick to it. Some people ended up overbidding on a vehicle because they didn’t set a concrete budget beforehand. A good guideline that I will use is the wholesale price of the vehicle minus the cost of some minor refurbishing that might be needed for the vehicle.

3. Read the fine prints. It is always wise to check for any hidden costs or warranty issues before you even start bidding on bank repo cars.

Most people are after a good deal, and you may have heard that salvage auto auctions are the ideal places for buying cars at bargain rates. Well, it is not too far from the truth, but there are certain disadvantages, and things to look out before you can truly take advantage of these auctions. If this did not happen, everyone would be buying cars from salvage auto auctions and be happily driving these cars without issue.

The reason that not so many people have benefited from these salvage auto auctions because of several things. First, not many people are actually aware of the existence of these auctions. Whether intentional or unintentional, it works for the benefit of many used cars dealers who buy these cars at low rates and sell on at a higher price. Secondly, the problem is the competition. As with any good deal, there is bound to be someone with the same ideas as you do. A person alone may not have the same purchasing power as car dealers who can bid higher and thus have a wider range of vehicles available to them to purchase. Thirdly, the thinking of most consumers, who are either too skeptical over the quality of these vehicles or they don’t look around more for other more worthwhile deals. Some of these problems can be bypassed if you’re educate yourself about it. There are three main points.

Technical inspection of vehicles.

Most salvage auto auctions grant a preview period, normally a few days prior to the date of the auction to enable potential buyers to examine the condition of the cars. Although the sellers are trying to auction off all the cars as quickly as possible because of the costs related to storage and maintenance, it is still in their interest to make sure that these cars are in a position to be sold so as to receive as many bids as possible. Its recommended you go together with a mechanic to aid you in inspecting the cars you are interested in.

Bidding at auto salvage auctions.

Although the majority of auctions are open to the all, you should not be surprised to see more car dealers than individuals at these auctions. They are almost always focused on new cars, which are in good working condition. Thus, the choice of those car will attract more bids. Its best not to get involved in bidding against these people. Rather, to establish a reasonable budget for the cars you have your eye on to prevent getting carried away with bidding on many different cars..

You will need to pay on the spot after a successful bid. So it would be advised to get a pre-approved auto loan if required before attending salvage auto auctions.

Finding auctions.

It is possible to locate these auctions from adverts in newspapers or magazines. You can also search online for listings of salvage auto auctions. Not only that but there are some websites where the auctions are listed online, updated in real time and you are able to actually bid and purchase these items without ever having to leave your home. One such service even lists auctions in the U.S, Canada and the U.K.

The federal government is actively making second hand luxury vehicles for sale. Most of these vehicles are not actually owned by the federal government but it has been seized because of criminal activities.

However, not all of the available used cars for sale by the federal government were used by criminals. There are some cars that the federal government owns but wants to get rid of it. These vehicles are usually vehicles that are no longer needed in service for the federal government.

As these vehicles are of no use to the government and are a burden to keep, the federal government needs to dispose of these vehicles as soon as possible. The best way to do this is by offering it on government-sponsored auctions at a rock bottom price. This way, they can get rid of the vehicles and earn a little money from it.

Usually, the cars used by people who cheats on taxes or by drug syndicates are very luxurious. Besides, they don’t pay taxes to the government and they earn a lot of money from the activities they do. So, if you want a luxury car at a very cheap price, it is important that you should always be in a look out for auctions by the federal government.

You have to consider that more and more car shoppers are now taking part in the federal government car auctions. Because of this, you should expect a lot of competition for a certain car. The prices may vary on the bids and if you do it right, you will be able to get the car you want.

You also need to consider the purchasing second hand vehicles requires paperwork that can cost a lot of money. You need to know that you need to spend money for important documents, such as car registration and others before you can actually legally drive the car on the street.

It is important that you should know about vehicles first. What company manufactured it, what year were it made and also the model. You should also have sufficient knowledge about the actual resale value of the cars available in the market. By doing this, you will be able to get the car you want at a very affordable price.

You should also consider attending the pre-bid inspection events held on federal government car auctions. In this event, you will be able to check the cars inside and out. If you don’t know about cars, you should consider bringing a reputable and trusted mechanic with you at the event. They will inspect the engines, the mileage, and also other aspects of the performance of the car. The mechanic will help you decide if the car you are aiming for is really worth your money.

Can I have some links to look into this? Another guy in another post gave 3 good US links but I need Canadian ones. Looking to buy a good car for cheap, and be wise! Does anyone know about these auction things (never been to one), how they work, if its good, what they sell, how much they sell it for, etc….
the cne whats that?? and where?