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One of the various types of car auctions are those auctions that sell vintage automobiles. This can include historic cars, trucks, motorcycles, and even boats. The vehicles at vintage car auctions typically come from private dealers who decide to sell some of their cars. This small world can see the same cars move from dealer to dealer over the course of a few years. The sales at these auctions are often quite high because the vehicles are hard to find, and in perfect condition. In some cases the vehicles may have been restored, or altered, which can make the prices even higher.
Another one of the different types of car auctions are police auctions, or government seizures. When a vehicle is seized or impounded by the police or government, the vehicle will be held for a specific amount of time. If the owner cannot afford to pay the fees, the car will be sold at auction. This includes property that is repossessed due to non-payment, property taken for back taxes, and those vehicles impounded as evidence. Police and government car auctions often have newer vehicles and more specialty vehicles, but the prices can be a little higher than most auction goers expect.
Car auctions can also be held at the local level due to the support of volunteers. Volunteers who donate their vehicles are able to write off the value of their vehicle on their income tax. The value may vary depending on different factors, but is generally related to the price listed in the Kelly Blue Book. The vehicles are then auctioned off one at a time, with the sale opened to the general public. These often see prices far below the normal average for sales. The reason for this is that the vehicles usually come without a warranty, or any type of guarantee. Once the vehicle sells, it is the responsibility of the new owner. If it doesn't run, they need to find a way to get the automobile home.
Car auctions can see quite large prices materialize, or small prices depending on the type. The more expensive ones generally involve classic or collector cars, and government or police auctions, which can have newer vehicles. Volunteer car auctions on the other hand, are good places to find great deals as the vehicles are usually older, and may have some problems.
Matt D Murren owns and operates [http://www.car-auctions-advisor.com]
Article Source: https://EzineArticles.com/expert/Matt_Murren/89199
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