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3 Things to Always Bring To a Police Impound Auto Auction

jaschmidt | Jan 25, 2010 |

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If it is your first time to go to a police impound auto auction, it would be a nice experience. Just like any first timers, there is some excitement or confusion. You will find great bargain deals as long as you prepared yourself on the valuation of used vehicles. There are 3 things to always bring to a police impound auto auction if you intend to buy a car:

1. Kelley Blue Book or KBB-this is a publication that will serve as guide to the market value of used cars. Having KBB will save you money especially if you have no idea on used car values. In certain instances when there are less people in attendance in a police impound auto auction, you can purchase a car that is lower by $1,000 than its KBB value. On the other hand, if there are so many interested parties, the bidding in a police impound auto auction is usually filled with emotions. This is particularly true if the car is really that cool and almost everybody in attendance want to own the vehicle. With the KBB as a guide, it being one of the 3 things to always bring to a police impound auto auction to keep you well informed about market value before sealing the bid price or to refrain from bidding.

2. The second item of the 3 things to always bring to a police impound auto auction is a mechanic. Since cars are sold on as-is condition, you can avoid purchasing a vehicle that has major problems. A mechanic as one of the 3 things to always bring to a police impound auto auction will recognize major problems inherent in second hand vehicles. The winning bid price plus the cost of major repairs might not a reasonable valuation of the market value of the used vehicle. In the absence of a mechanic, a friend who is knowledgeable in used cars can be an alternative. If a mechanic or friend is not available, try it yourself by looking for cracked wiring, leaks, smoke emission, unusual noises or jerking. If you find any of these signs in a police impound auto auction, try to assess the degree of repair needed to recondition the vehicle in good running condition.

3. Bring plenty of money as the most important of the 3 things to always bring to a police impound auto auction. There are instances that you will find a vehicle that you have long dreamt of in a police impound auto auction but the money you have is insufficient to make a bid for it or buy it. Having enough cash will prevent this scenario and you will not feel sorry for attending a police impound auto auction. In some auctions, they require the winning bidder to make a down payment and the balance will be paid at a later date. Aside from the down payment, the winning bidder is required to pay buyer's premium, registration, sales tax, etc. Hence, the importance of bringing money as one of the 3 things to always bring to a police impound auto auction.

In general, going to a police impound auto auction is no different from attending the usual auction sites. As long as you have with you the 3 things to always bring to a police impound auto auction: the Kelley Blue Book, a mechanic or friend and ample amount of money, the chances that you can purchase a vehicle at a discount is highly probable.