How to Buy Impounded Cars

June 10, 2010 · Posted in Buy Impounded Cars 

There are different types of impound auctions where you can buy impounded cars – Government Surplus Auctions, Police Seized Auctions and Bank Repossession Auctions. These auctions are all run in a similar fashion and attract anyone looking to buy impounded cars at a very low price. There are many benefits to buying repossessed cars, but finding repo auctions is a different matter. Finding impounded car auctions without help can be time consuming and frustrating. If you follow these simple steps, you will have no trouble finding an abundant amount of impound auctions.

1. Register for an auction-finding service. This step is crucial. These services will provide you with complete listings of vehicles and auctions in your area. They will also explain the process in detail and tell you exactly what you need to do. There are a few services that will get the job done. I personally recommend Gov-Auctions.org, as they provide the most thorough auction and vehicle listings and have become the most popular service for this reason.

The alternative to this is to manually call all local auctions houses and ask for the dates of repo car auctions. Personally, I feel that this is not productive. Aside from the hassle, you will not be able to browse through the impounded car listings and prepare for the auction in advanced. With repo auctions, it is important to research the cars before you bid, which brings us to step two.

2. Investigate the vehicle’s history. You don’t want to bid on a car and have it turn out to be a lemon. Luckily, a VIN number is all you need to request a CARFAX report. This is another reason why I strongly suggest that you join Gov-Auctions.org, as they provide VIN numbers on their listed vehicles and will even provide complimentary CARFAX reports for select auctions.

3. Test drive the car. This step is not necessary, but if you’re going to buy a car it’s always a good idea. This way you will have a feel of the vehicle and will be able to tell if there are any problems with it.

Good luck with your auction search, if you have any other questions I’ll be glad to answer them.

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