If you have not checked it out yet, SUV deals at auctions are a great place to find your dream vehicle. You have a better chance of finding a vehicle in a newer state than at usual resellers – probably only a year or two old. If you think that tops it, you will probably freak out knowing that the bidding may start as low as $100.
You may wonder how SUV deals at auctions like these are possible. The reason why the government can afford to sell them cheap is because it actually costs them more to keep and maintain them. The units are mostly acquired by repossessing them from people who do not remit taxes, default from loan payments, and cases of fraud. Sometimes, they are taken from some illegal activity taken – usually from drug trafficking or smuggling. An auction like this is a centralized collection of vehicles coming from various law enforcement agencies, such as the DEA, police, FBI, and in some cases, the IRS.
If you are a practical kind of person, you would not mind shopping for SUV deals at auctions. If you even think about it, you are probably even getting a better deal. The moment you buy a brand new vehicle and leave the showroom, it automatically depreciates by at least 20%, while purchasing a second one levels off at the price you already got it. This is, of course, in exception to getting it from an auction. Prices here may be very cheap, and the only drawback is that you do not have a warranty with it. That is why it is recommended that you bring along a mechanic when you decide on a certain vehicle. Since the conditions of the sale are as-is, you cannot go back to them complaining about something it incurs afterward. Continue reading ‘SUV Deals at Auctions’ »