American Seized Cars, Used Car For Sale
In short, various federal, state, local government car auctions and law enforcement agencies regularly seize possessions, including autos, and auction them off. Or they buy new service vehicles and auction off the old ones. These are collectively known as "government auctions."
Banks and lending institutions also repossess property and automobiles from non-paying customers, and sell the goods through auctions in a hurry, because the cost of storing the vehicles outweighs the banks’ ability to try to make the lost money back (same with government auction) This is real and is being taken advantage of by many car dealers. They take place almost every day in various parts of the country. Consequently, lucky people who have access to direct sources where the vehicles are being sold would find themselves overwhelmed by dirt-cheap offers that look unbelievable to the average car buyer.
Tags: bank, local government, used cars
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Tags: bank, local government, used cars
