auto
8 basic things to know before buying a seized car
Several vehicle choices are available in the market, including new and used cars. Each of these may cost a significant amount of money. However, one option people overlook is purchasing a seized vehicle, usually at a public auction. These are automobiles that certain institutions lay claim to for various reasons, including failure to make payments. Here are eight things people should keep in mind when considering buying a seized car. Knowing the seizure’s reason and the seller Before buying a seized car, one needs to understand what the vehicles are and who sells them. Such vehicles are previously privately owned by an individual but seized by a government entity. While some of the most popular seized car auctions are tied to the US Marshals Service, about every local government also holds seized car auctions. An individual who looks into an auto auction listing should find it easy to identify who is selling the automobile, as very few auctions include a combination of sellers. These are city-seized, state-seized, or federal government-seized car auctions. There is a specific location for sale Most seized cars are sold at an auction at some point. Some might not make it to the auction for various reasons, including if its former owner reclaims it.