It is surprisingly common for federal, state and local governments, as well as banks and other lending institutions to find themselves in possession of automobiles and other motor vehicles, boats, land, real estate and other property. In the case of government this occurs because property is confiscated from criminals, or in some cases, from people who default on their taxes. In the case of banks and financial institutions, the situation usually arises because a debtor is unable to keep on their payments, and hence the lender repossesses the property.
Additionally, government agencies, for example the police, often have fleets of vehicles. These vehicles are periodically retired and replacement by newer models, and hence the question of what to do with the retired vehicles arises.
Neither government, nor banks, usually have much interest in continuing to own these vehicles, whether they are confiscated or seized, repossessed, or simply retired. Additionally, vehicles are expensive to store, and do of course depreciate in value over time. Quick sale, often achieved by auctioning these vehicles to the public, is therefore often in the government's or bank's best interest.
Vehicle auctions of these types may include automobiles, SUVs, vans, trucks and even motorcycles. If you spend some time investigating these auctions, you might be surprised at the bargains that you can find! Seized cars can of course be of pretty much any make or model, and will vary widely in condition - so be sure to know what you're bidding on! Don't dismiss, retired ex-government service vehicles, as these can sometimes represent very good value - they may have clocked up a lot of miles, but they are usually well maintained, and often have full service records too.
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