February 1st, 2010

So you’re at a stage that no one needs to convince you that there are bargains to be had at police vehicle auctions. What you may need is just merely a proven strategy which you can implement to turn the tide and start making some money at these auctions. Follow these following few steps and you’ll be well on your way to getting what you want.

Inspecting the Vehicle

Consider this a really great gift by the police’s auctioneers because it gives bidders the chance to take a really close look at these cars up close. Make use if it!! Most auctioneers won’t actually allow you to drive the car for a ‘test run’, but you will at least be in a position to inspect the engine and look for any troubling mechanical signs.

The Vehicle’s Registration Number (VIN)

It’s the basics that most people forgot and that ultimately get them into trouble. For no cost whatsoever you run a basic report an a cars history by using it’s registration number. This report will give you exactly the sort of information you need to determine if you want to even buy the car at police auction

The Title

Even though the police department does do some work to make sure there is no outstanding claims on the title of the car, they by no means do a very thorough job. Rather check this for yourself as it’s a gutting experience to have the auto that you just bought repossessed by a creditor.

The Valuation

If you plan on purchasing a car at the auction without having a good estimation on the vehicles value, you should be prepared for potential serious problems. It’s almost like cycling downhill on your bike without any functional brake system. If you don’t know what the valuation of the car is you will bid till you get it – more often than not substantially more that it’s worth. Because of this, ensure that you do know the accurate valuation and DO NOT bid a single cent more on it.

With the above information you’ll generally be well prepared on the police vehicle auction day. Many people also get caught up with the events on the day – especially true for live public events. The very best advice anyone can give is to stay relaxed and stick to your strategy. No one is more successful than the calm and collected bidder who normally walks away smiling in the sunset.

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