Police Auto Auctions – What Everyone Should Know

Auctions are often a great source of excitement, hardships and happiness as it actually involves finding the right buyer for your product who provides you with a good price for the article if you are selling or if you are buying, it could mean wondering if the product that you have purchased is actually worth the amount you have spent for it. Police auctions are those where vehicles that have been confiscated by the government or those that may not be needed by the government are generally auctioned. Here are some tips to help you make a good buy at an auto auction.

o Check for the vehicle’s history before buying. A used car with an extended warranty is more beneficial as you will have to spend less on maintenance.

o In an auction, the user has no time to get the car he is planning to purchase, inspected by a mechanic. It is not wise to go by the seller’s promises about the performance of the car as he is no guarantee to the car’s performance after you have bought the car.

o Note that a buyer’s premium is applied to the highest bidder which could be a small percentage of the price bid or even a larger percentage. This sometimes can make you pay more than what you would have paid for a new car of different make perhaps. So keep your cool and avoid hasty decisions.

o Avoid thinking that you will buy a car at a very cheap rate at a police auction for a police auction is no different from a normal one. In fact the vehicles here are also not in a very great condition as they have remained unused for a long time.

So think, analyze and take your time before you make the final decision.

Tips For Buyers – Self Storage Auctions

Are you planning to go for an auction at self storage for the first time? Well then there might be some questions running through out your mind. Here are some common questions that sprout on the minds of many new bidders who are going for an auction. And here are some tips.

Generally auction at a self storage units takes place when the tenant could not pay the rent. All the stuff of the tenant could be kept in an auction by the self storage organization after taking going through certain process. The information when the auction is going to be held where the auction takes place what are the contents that are going to be placed in the auction etc are generally advertised though websites.

* First thing you should do is to take a look on the contents. Actually the auction goers will not allow the bidders to step into the room where the contents are kept but they will allow you to take a view through door but you should not step in. You can take a view and plan according to that what will be a good bid for those contents.

* Check whether the contents which were named in the advertisement are present in the room which you have checked.

* In order to take part in bidding you should be minimum of 18 years or older. Otherwise you will be not allowed to bid.

* Auctioneers usually provide registration form, where you need to sign before participating in the auction. You need to provide your driving license or any government issued card as a proof to the auctioneer.

* Be prepared to buy all the items in the unit as auction goers allow you to buy the whole unit but buying only some things from the unit may not be possible.

* Bidding could be of two ways that is, it could be of live or silent so check in what manner they are going to auction that stuff.

* Bidders generally have to pay some cash deposit which is mandatory if the bidder after bidding fails to vacate the unit in time, the deposit will be seized.

* Cost for a bid is generally fixed, according to the space of the unit. If it is a big unit more will be the contents and bid cost will be more.

* If you win the bid you should pay the deposit and remaining amount only by cash. Cards and other means are not accepted.

* Bidders also should be prepared to take care of their own transportation as the unit auctioneers may not provide any such services.

* If you are looking for garage parts or if you are fond of collecting antique pieces then these self storage bidding is a very good opportunity.

* Once you own the unit after the auction, it is your responsibility to empty the unit and clean it.

Sell Heavy Equipment With the Right Auction Company!

The popularity of using auctions to sell merchandise has become very appealing in the past few years, giving sellers a chance to sell all kinds of items anywhere in the world. This method can be highly profitable for many; however, one of the main points to consider before hiring a company to liquidate any industrial equipment is whether they specialize in any particular types of vehicles. There are many specialty auction companies available to serve buyers and sellers interested in specific things such as heavy equipment Finding the right company can be a very profitable decision to make, so consider the following different aspects of auctions.

Many people might be inclined to take industrial machinery/vehicles to a large sale that may also offer cars, campers, semi-trucks, etc. for purchase. While these are all technically vehicles, the exposure likely to be received at such a sale should be taken into consideration. A general auction such as this may advertise in general places, not necessarily where equipment buyers will be looking. Industrial equipment sitting in the middle of all sorts of other vehicles is not going to get the proper attention it deserves.

Auctions that are specifically designed to liquidate industrial and heavy equipment and are restricted to only certain types of machinery will get sellers more return than less specialized outlets. Both sellers and buyers have an ample selection of machines available both for browsing and for drawing more people to the sale. Advertising is more beneficial as it is more likely to be concentrated only on certain industries.

Another factor to consider in choosing the right auction company is their reputation, popularity in the industry; and recent sales success. It would also be helpful to find out closing sales pricing as a history of low sales could indicate low attendance which would will affect a closing price paid for any equipment. Likewise, high ending prices could affect attendance at the event as buyers could perceive that lower pricing might be found elsewhere for less money.

It is also important to understand the contract, especially any limitations, expectations and expense fee charged to arrange and conduct the sale. Once a contract has been signed, it is final and no longer open to negotiation. If something has not been understood or not included in the contract, it is the fault of the buyer or seller; so it should be carefully reviewed before being signed.

When looking for a great auction company to liquidate equipment, be sure also determine if there is a website where items will be listed and open for viewing and research prior to the sale. There may also be online auctions, which could translate to proper exposure to the right people. Transportation of purchases may also be available which would make distance from the sale not a big factor.

Just as a backyard pony would not be disposed of at a racehorse sale, the same is true for heavy-duty industrial equipment. Ensuring that it is listed with the right auction company to be presented to the right targeted audience will always yield the best auction results!