Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world. Well I used to sell cars at a dealership, and I was fairly current with going prices.. on average there was a about a $3000 savings to buy them from the GSA.. now that depends on the market for instance back when gas prices were worse then they are now a car sold at GSA for pretty close to what the selling price was on the street.
For those public individuals and businesses that prefer to attend the GSA sale in person at our facility, you must register before the start of sale. Most GSA auction vehicles were purchased new and driven by government employees for official purposes. If you’re in the market for a good deal on a previously owned car or truck, there’s an alternative to the used car lot and thumbing through classified ads: vehicle auctions. Contact national and local auction companies who handle auctions for government agencies.
The people that pick up their repossessed vehicles already go into the place with a negative attitude and most of the time they are ahead of their scheduled appointment than the person helping you has to wait for a release from the lender and that is out of the auctions hands.
You can apply for a pre-approved used-car loan at your bank or credit union, or at an online auto loan company such as Auto Credit Express , and be prepared in case you win a bid. When cars seized through the DEA – IRS – FBI – other government agencies and the police through events like seizures and foreclosures the GSA holds auctions to the general public to unload the vehicles. Manheim and other wholesale auto auctions require you to hold a valid CA dealers license in order to register and buy their cars. The best chance of finding new vehicles at auctions is through the treasury department and the US marshal service. Just go to the GSA Fleet Vehicle Sales site and look at the scrolling information.
Many government auctions and sales, both federal and state, are listed on the web site, run by the U.S. government. Most of the auctions are ones that you have to show up in person to bid, although there are a few internet auctions set up. Then, in August of 2009, a friend of ours who owns a small used car lot, informed us of a GSA auction in Omaha, Nebraska with several 15-passenger vans available. You have to be aware that most auctions will charge you an additional % fee based on the final price of the car.