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Wednesday, September 13, 2006

How does goverment car auctions work

Government seized-property or surplus auctions are held all over the country at various locations and on various schedules. Typically an auction is held at a particular location on a regular basis — usually monthly or quarterly or annually. Local and national newspapers often have listings and details. Usually these are more than just car auctions. All kinds of property are included.
Obviously, these government agencies and lending institutions are hoping to get as much money as possible for their goods. But bargains can be had. Otherwise, the auctions wouldn't be as popular as they are and no one would participate.

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