Are you thinking about buying or selling at an Arizona police confiscated items auction? This article is designed to provide you with the details on police auctions and how you can buy automobiles that have been used or seized by the police. Specifics may vary from auction to auction; however, the following information includes helpful and important guidelines from which everyone can benefit.
You can find toys for big boys (and big girls) at an auction! If you have no outstanding warrants, you can bid on an automobile for thousands under blue book value. Police car auctions are one of the best places to pick up a used car. Many people think that the only vehicles available at police car auctions are actual police cars. Well, they’re right but only partially! In addition to surplus vehicles that have been used by the local police department, police car auctions may also feature cars that have been seized due to asset forfeiture.
Asset forfeiture is the confiscation of assets (by the police department) that have been associated with a crime. The assets can be vehicles, real estate or currency. A federal law, passed in 1986, encourages police agencies to seize assets as a way to deny drug traffickers their profits.
Here are some Arizona police confiscated auction buyer tips that will help you buy or sell an automobile at auction:
There are many benefits to buying an auto through auction. One of the major benefits is that buyers do not have to pay the infamous dealer mark up. Bidders can find all kinds of autos through auction whether it be cars, trucks, motorcycles, motor homes, recreational toys, boats and trailers. All sales are final and must be paid for on auction day.
Bidders can attend the auto auction live or online. Vehicles are sold as is. You are responsible for carefully reading descriptions and making the decision to bid on the vehicles(s) you are interested in based on the information that is available. All of the vehicles sold at auction have a clean title which will be signed over to your name and notarized so that you are able to have it transferred at the Department of Motor Vehicles.
Vehicles that have been used by the Phoenix Police Department are often featured at auction. These cars and trucks have been well maintained and are a popular item for bidders. Also, vehicles that have been confiscated by the police are hot ticket items, especially when the bidder knows the exciting story behind it!
In addition, selling your auto through auction is a great way to have your vehicle marketed to the public and sold for fair market value, saving you from paying for expensive newspaper ads and phone calls. More importantly, auto auction selling will save you time as you can sell quickly through auction.
To sell you vehicle at auction you must possess a clear title free of any liens. You do not have to have current tags and the vehicle can even have an out of state title or plates. As long as you are the owner of the vehicle and the title is marketable, you can auction your auto.
About the author of this article:
deb weidenhamer is president of auction systems, the southwest’s most active auction and appraisal company. visit us online at auction systems, or call 800-801-8880 for more information.
