FAQs about Seized Luxury Cars : New ferrari new car 2008

FAQs about Seized Luxury Cars
by John Stevenson

Seized luxury car auctions may be something new most car buyers. Usually, people go to car showrooms to view the latest car models or search the classifieds to find a used car to buy. Other than heading to the car showrooms and second hand garages, you may not know that seized car auctions are a terrific asset when it comes to buying a used car or near-new condition car at a huge discount. Here are some facts about such auctions for all potential car buyers especially those who are looking for that luxury car at a super low price.
Did you know that there are literally thousands of cars that go into the surplus inventory of the government and banks each and every month?
Because so many vehicles are seized or repossessed by government agencies and banks everyday, the expenses to find a storage space for these cars are huge and maintenance costs can escalate quickly. So in an effort to bring the costs down, government agencies and banks are ready to auction them off at seized car auctions for as much as 90% off the retail price. The next time you see your neighbor driving a Mercedes; it may not mean that he or she is rich. The car may have come from such an auction.
Government agencies such as Internal Revenue Service, U.S. Marshals Service, U.S. Customs, Small Business Administration, U.S. Department of Defense, and U.S. Bankruptcy Court, U.S. Department of the Treasury, Department of Agriculture, Department of Energy or one of many others could be the ones who took these cars in.
The constant raids on drug dealers and other mob activities have seen many posh luxury cars seized by the government. They are not interested to make any profit out of it but would rather quickly sell them to avoid any additional expense of insurance or maintenance. This is where you get top class, and sometimes near new condition cars at ridiculously low prices in seized luxury car auctions.
At these auctions, there are also repossessed cars taken by IRS from people who default on tax payments, and also others who fail to make their payments to banks and financial institutions. You can find models like Mercedes, Toyota, BMW, Infinity, Nissan, Honda, Chrysler, Lexus and even occasional Ferrari or Bentley if luck is on your side.
In fact, many of these vehicles start from $200 onwards. The eagerness of the government and banks to quickly sell off the seized or repossessed vehicles is an advantage and opportunity for all interested car buyers to drive home a luxury vehicle at a deep discount.
Anyone eager to drive home their dream car for a price as low as 80 to 90% off the retail price can find out where to locate these seized luxury car auctions at Seized Luxury Cars.