How I bought a car from a government auction for cheap ?

[dude91]

I just bought a car at a US local government auction for $339.95. I recently found out about all this while scanning through this government auction site.

This is how this works! At many government car auctions if a car or other vehicle does not sell during the bidding portion of the auction, it will be put up for sale at the end of auction for $300 (I explain the remaining $39.95 in the article). Why would they do that ? The reason is simply because the government wants to maintain a zero cost level and does not want to have hassles of storing any vehicles after the auction.

What has recently been happening, because of the current recession, is that there are more cars for sale at these government auctions then buyers willing to bid on them.



Read more about this here