| Each month, federal, state and local government, as | | | | vehicles which are large, difficult and costly to store, |
| well as banks and other financial institutions, end up | | | | and which will depreciate in value if not quickly sold. |
| owning hundreds of automobiles, vans, SUVs and | | | | As well as seized and repossessed vehicles, from |
| trucks, as well as other types of property including | | | | time to time, government agencies may also sell off |
| motorcycles, boats and real estate. This happens as a | | | | those vehicles that they are retiring from their fleet. |
| result of various surplus and seizure laws, which | | | | While these vehicles aren't necessarily glamorous, and |
| provide for the confiscation of motor vehicles and | | | | in some cases may have quite a few miles on the |
| other property from criminals, as well as repossession | | | | clock, they are often in good condition, sold at |
| of property from debtors who are unable to make the | | | | reasonable prices, and therefore worth considering. |
| repayments on loans which they have taken out. | | | | Consumers can benefit from these situations by |
| Neither government nor banks usually have much of | | | | buying from these sources. Very often, these items |
| an interest in owning these items of property for an | | | | are sold through auctions. While obviously the types of |
| extended period. They generally want to sell the | | | | vehicle, and the prices that they are sold at, can vary |
| property as quickly as they can, and as a result are | | | | widely, it is true that sometimes bargains are to be had: |
| often prepared to sell at lower prices in order to make | | | | vehicles may be sold to the public at prices way |
| a quick sale. This is especially true in the case of | | | | below their book value. |