| Some people live in big cities with excellent public | | | | at massive savings, or perhaps get a luxury car that |
| transport systems, or very close to all the amenities | | | | you would not otherwise be able to afford. |
| and facilities that they need for every day life. | | | | There are are three main sources of vehicles that you |
| However, most of us don't. As a result, it can be very | | | | will find in these auctions: |
| difficult to live one's everyday life unless you have an | | | | 1. Retired fleet vehicles, including former police cars and |
| automobile. Without a car, how would you get to | | | | government service vehicles. These vehicles often |
| work? How would you do your shopping? You | | | | have high mileage, but are usually well maintained, and |
| probably even need your car for transporting your | | | | often have complete vehicle histories. |
| family around, and perhaps even taking the kids to | | | | 2. Vehicles (and other goods) seized from criminals: |
| school. | | | | these may include vehicles of many high-end brands |
| One way to get a cheap car is through automobile | | | | such as Acura, Audi, BMW, Cadillac, Ferrari, Honda, |
| auctions. Federal agencies, state and local authorities | | | | Ferrari or Lamborghini, Mercedes and Porsche. |
| and government, law enforcement agencies, and | | | | 3. Vehicles sold by banks and lending institutions are |
| banks and lending institutions regularly auction of | | | | generally vehicles repossessed from debtors who |
| thousands of cars, SUVs and other vehicles. In many | | | | defaulted on their loans. These vehicles can be of any |
| cases, these vehicles are sold at a fraction of their | | | | make, and may vary widely in condition, so be sure to |
| book value, and thus purchasing a car through one of | | | | check out these vehicles before the auction starts, so |
| these auctions may allow you to buy your next vehicle | | | | you'll know whether you're interested in bidding or not. |