With so many advertisements claiming to offer the latest luxury cars for just a fraction of their price, people can get quite sceptical when they come across genuine opportunities like government car auctions. The truth is that there are some expensive luxury cars available for a fraction of their price, but one has to go through a lot of bucks to get to the luxury cars. One of the most cost effective ways of acquiring vehicles » Read more: Government Car Auctions
Nowadays, if somebody drives a posh car, it doesn’t necessarily mean that the person is rich – the luxury vehicle might have been bought at one of the numerous seized car auctions held regularly.
As the name suggests, seized car auctions offer vehicles that were seized by the government or the police due to some illegal activity. Apart from criminals, automobiles at repossessed auto auctions come from people » Read more: The Advantages and Disadvantages of Seized Car Auctions
In 2002 I had no money but needed a new car badly. I spent months researching car auctions and eventually found a few in my area. I bought a 1997 Jeep Cherokee with 90k miles for $4500. There was an almost identical model on ebay with a starting bid of $10k. Then I saw the opportunity to make some money from this venture… So a month later I bought a 1999 Impala with 40k miles for $4,300 and sold it 2 weeks later on Craigslist » Read more: How I Made $100k at Car Auctions
