Deals to Be Found at Police Auctions

If you have never worked for the police or a connected entity, it’s very unlikely that you will have learned about Police Auctions until now. Police auctions tend to be a way of the police disposing of any unclaimed, thieved and reclaimed possessions they find during an investigation. They can also be a sales avenue for ex-police force vehicles. You may have heard stories of bargainous offerings, cut-price ex-police cars and recovered gold – auctioned off at half their market value – but these are not merely tales. Have you ever fancied tracking down a ten year old BMW M3 for only £3k? What about a Specialized Mountain Bike for just £100? The best buys may seem improbable but we have seen them in action at these auctions with our very own eyes. Ranging from digital cameras to electronic goods, there are a tremendous range of products available at auction. Plus the vast majority of these products can be found for much less than the equivalent item selling on comparable auction establishments like eBay.

There are a few reasons why this auction segment has a tendency to deliver under-valued products regularly and the fact that they are not that well known by the public is definitely a contributing factor. For causes unknown police constabularies don’t appear to advertise the auction merchants they use to get shot of their goods and this can result in police auction days becoming poorly enrolled. A lack of buyers can mean minimal competitors for lots and, subsequently, cut-price items for the people with knowledge of these auction dates. These types of auctions can also be a bit of a lottery. There are not any assurances particular goods are going to be for sale every single time for the reason that availability is dependent on specifically what the police are letting go of inside a specified time frame. If you are a market trade seller solely interested in quite an exact industry category this occasional availability may put you off. To really make the best of the possibilities available you should go to these sorts of auctions without too many expectations and you should try to have a determination to source products of any trade.

What type of items are sold via police auctions?

The answer to this question is practically anything! That’s the benefit of these types of auctions – they offer the ability to buy a distinct selection of lots possibly not seen at most general auctions. Lost and retrieved goods vary from road bicycles and motorbikes to mobiles and watches – quite simply the things you can imagine becoming missing or robbed and ending up in the ownership of your respective police force can be on the market. Police patrol vehicles are dispatched on to auction soon after they’ve arrived at a specific age or usage too – generally speaking as soon as they are over 3 years of age. These can end up being an exceedingly great deal mainly because the motor cars you can purchase are regularly over twenty per cent less expensive than their counterparts being auctioned via the typical trade mediums like Autotrader. Police officers do run some remarkable motors on their constabulary fleet too – top spec Ford diesels, Landrover Freelanders and Volvo D5s can be bought at values which would render the majority of motor vehicle dealers giddy.

Online Auto Auctions

Online auto auctions can save you as much as 50 to 75 percent on the price of a vehicle. While some general auction sites have vehicles listed, other sites specialize in selling vehicles only. While online auctions can save you a lot of money, they are best approached with caution and a better understanding of how they work. While the cost of a vehicle may be low, most auto auctions also charge a buyer’s premium, which can add between five and ten percent to the final price you pay.

Government auto auctions are probably the largest source of vehicles put up for auction. Law enforcement officials may confiscate and sell property, including vehicles, from criminals or people who default on their taxes. Because storage space can be extremely expensive, these seized goods are often sold at ridiculously low prices. Financial institutions may also repossess cars when car owners default on car loan payments.

In recent years, a number of fly-by-night websites purporting to provide links to government auto auctions have sprung up. These sites charge a fee to provide information on the location and timing of upcoming auctions, but often the information provided is obsolete or false. If a site is difficult to navigate and you are unable to speak with a customer service representative, try and avoid it. Most reputable auction sites offer a complete refund and provide customer service.

Some online auction scam operations attempt to sell vehicles that have been salvaged in one state to customers in another state. Many auction houses perform no check, or only a cursory check, on a car’s title. To avoid losing money on an online car auction purchase, it is always a good idea to check that the car’s title or vehicle history report is clean.

Penny Auction Strategies – How You Can Win

Many people take pleasure in taking part in penny auctions, the new type of auction website in which the cost of an item offered for sale increases only by a penny or two every time someone bids. These kinds of auctions are different from standard web based auction sites in two different ways:

Bidding isn’t free. Anyone who wishes to place a bid on an item must purchase a package of bids. Bids can be found in packages of between 10 to 100 bids, and they cost upwards of fifty cents for each bid. Sites generally auction off bid packages too, therefore it is possible to acquire additional bid packs at a reduced rate.

The auctions don’t end at a set time, but end about ten seconds following the last bid. Every bid placed in the final sixty seconds of the auction extends the length of the auction, usually by about ten seconds. This means that an auction that appears close to its conclusion may literally continue all day if individuals are bidding.

This unconventional system of selling makes it different from eBay, where the highest bid, regardless of when it’s placed, wins the auction. For this reason, penny auction strategies differ from those used in traditional online auctions. Although there is some benefit in bidding at the last minute on an eBay auction, for instance, there are plenty of auctions where people win by bidding early. In the long run, with eBay, the only thing that matters is that you simply offer the most money.

The possible lack of a defined ending time makes such strategies worthless on penny auction sites. Penny auction tactics are few, but the primary one is this – you should never, EVER, place a bid with more than a minute to go in the auction. The closer you are to the end of the auction when you bid, the much more likely you are to win. Bidding early won’t assist you whatsoever, as most of the bidding in penny auctions will happen in the last minute.

Additionally you may benefit from making use of the built-in proxy bidding “bot” that almost all penny auction sites provide. The computerized bidding program is something that you can set up in advance so you know that your bids are going to be positioned at the appropriate time. If you attempt to bid by hand, your bids will be put into a queue and they will usually be placed after the automated system’s bids. Because of this and delays in both the Internet and the auction system, you might find that last-second bids placed manually don’t get placed at all. When that happens, you lose.

Penny auction techniques are few; your ideal bet is to simply wait as long as feasible to bid, ideally with ten seconds remaining or less. You might catch the other buyers napping and get away with a last-second deal. Bidding early, however, just means that you are throwing your cash as well as your bids away and you do not want that.