Government And Police Auctions For Cars, Trucks An - Automotive Services Classified Ads in New York
Every day thousands of Americans default on their car loans or lease payments. As a result their new, or almost new, cars get repossessed or seized by financial institutions and auctioned off in a hurry because the cost of storing the cars outweighs the banks' ability to try to make the lost money back (same with police auctions, etc.). Consequently, lucky people who have access to direct sources where these repo cars are being sold find themselves overwhelmed by dirt-cheap offers that look unbelievable to the average car buyer. This is real and is being taken advantage of by many car dealers as well as a very small number of public citizens.
The US Government also needs to sell its own vehicles after a certain time due to their policies and overall financial considerations. These vehicles have been written down in the books and offered to the public.