If you buy used cars at police vehicle auctions you can save a lot of money on a second hand car. Second hand car dealerships are not the only sources for cheap wheels. You can get cheaper deals at the government auctions that sell police vehicles and government cars.
Police vehicles that are out of date sell on auction by the government. The police force renews its vehicles once in a while. And instead of storing the old police vehicles (which would cost the government money). The government has a yearly budget to cover the expense of new police cars. Which means that the old vehicles can be bought by the public. These cars go on auction for reasonable prices.
Prices for Cars at Police Vehicle Auctions
The vehicles sold on auction will often go for below-book value. Because the government is more concerned with selling off the car than making any profit on the vehicle.
Auctions are a great way of getting rid of these vehicles to make space in the parking lots for the new police cars. This is good news for the consumer, because people who attend used police car auctions can take advantage of these lower prices.
In fact, car dealers often attend these auctions to find vehicles to sell to the public for profit. Essentially, buying used cars on auction is a way of cutting out the middle man. As auctioneers take much less commission than regular dealers.
Another reason why it’s cheaper to buy cars at police vehicle auctions is because the government buys these cars in bulk. Meaning that they pay less for the cars than an individual would at a dealership. The government gets a good deal on the car. Therefore they are able to sell the car as a good deal to the public when it is no longer in use.
The majority of police cars sold on auction are in relatively good condition. Having well-maintained engines and other parts. The police cars for sale at auctions shouldn’t be very old because every few years vehicles get replaced with new ones.
If you are not interested in the model of the police car, you could always take the car apart and sell the parts that are in good condition. In this way, you can make a profit off police cars sold on auction. You can also sell the entire car privately to make some money off your auction purchase.
How do I Find Police Cars Sold on Auction?
It is unlikely that the police department will want to spend money on advertising upcoming auctions. Therefore, it is best to consult major auction companies to ask when the next auction events will be held.
In the Western Cape, ClareMart Auction House has a contract to deal with the disposal of government vehicles. Another way to find police cars on auction is to consult auction classifieds. Or to conduct an online search.
Tips for Buying Cars on Auction
- Before you decide to buy a car on auction, attend at least one auction beforehand. Just so that you have an idea of how the process works and can feel more comfortable in your bidding.
- If you don’t know much about cars yourself, bring along someone who does to help you inspect the car to check its condition.
- Set a budget. Auctions are an exciting way of buying. But don’t get carried away with your bidding. Decide what the car is worth and how much you want to spend on it and don’t go above this amount.
- Before you attend the auction, get a list of the cars that will be on sale. You can then decide which cars interest you and you can do some research on the vehicle before you buy. Compare the asking price to similar models so that you can be sure you are getting a good deal.