Federal Auto Auctions

August 15th, 2009 by admin

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Government on a federal level has a variety of departments, councils and agencies. These agencies have different objectives, operations and therefore asset holdings. Quite often you will find that federal departments dispose of their assets in the form of public auctions. You’ll find BIG car bargains here. The General Services Administration is normally a good starting point if you’re looking for federal auctions.

This independant agency provides a range of services to federal employees. They are also responsible for managing the fleet of federal owned vehicles. This is just shy of three hundred thousand different cars according to the latest report.

The agency have recently been subject of renewed demands to change it’s fleet of cars to greener vehicles. This will therefore result in more federal auto auctions in the near future as older models are sold and replaced.

Already these auctions are held frequently across the country in all the States. The events scheduled is subject to change and the GSA may sometimes move or cancel events. Often there are more than just one auction taking place across the country on any given day – keen bidders love this!

Regulalry with different auction types only car dealers are allowed to particpate. In the spirit of transparency and openness the federal government however allows ALL to partake as long as you have a valid proof of identity.

Competitive bidding often causes participants to massively overpay, so this is something one needs to be aware of. Always remember that it’s worth doing your homework before the big auction day. The risk of overpayment will then be effectively eliminated as you’ll have a good indication of the fair market value of a specific vehicle. To be thorough, one needs to participate in the inspection viewings arranged by the GSA before the auction day. Potential bidders generally have the opportunity to inspect the vehicles a few days before the event takes place. If you do this you will be able to accurately estimate in what condition the goods for sale are.

Contrary to some opinions, the truth is that these federal auto auctions still offer great bargains. Know the auction and the product you’re interested in – a surefire way to make (or save) money.