Save with Federal Auto Auctions
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Government on a federal level has a variety of departments, councils and agencies. As these agency’s functions and objectives are different, so are their asset and property holdings. These federal agencies often use auction events to dispose of their surplus goods and vehicles. Cheap cars are commonplace at these events. If you’re searching for federal auto auctions, the best place to start is with the General Services Administration.
The GSA is a standalone department that renders various services to federal workers and departments. Their remit also includes managing the gigantic fleet of vehicles owned by the federal government. This is up to about a quarter of a million vehicles at last count.
The agency has come under pressure as of late to transform its fleet 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 schedule is dynamic and the department can change the event dates as required. Very often you’ll find that more than one auction takes place on the same day – this is opportunity for bidders (especially if some of them takes place online)!
Many auctions are only open to professional car dealers and not the public. 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.
Bidding on these vehicles can become very competitive and participants should be cautious of the risks of overpaying. It’s a great idea to conduct research and analysis on the vehicles before the auction takes place. Doing this you will have a ‘benchmark price’ for a specific model and make, and therefore won’t run the risk of overbidding. a Systematic, through approach should include a good inspection of the vehicles being auctioned by the General Services Administration. The GSA tends to allow bidders a chance to have a thorough look at the goods up for auction a few days before the day. If you do this you will be able to accurately estimate in what condition the goods for sale are.
As opposed to what some may say, federal auto auctions still have great deals for car bargain hunters. Do a thorough analysis, manage your expectations and you will save a great deal of money.
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