Government Auctions

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Types of Government Auctions

Government auctions showcase almost all types of items and properties - from jewelry to automobiles to multi-million dollar properties.

With that in mind, it is easy to understand that there are several types of government auctions. Each of which differ in the manner of how the government obtained the items or the properties.

With regard to auto auctions, there are two main types of government auctions:

GOVERNMENT SURPLUS AUCTIONS

Also known as the GSA Auctions, is the type where the government sells everything that it no longer needs. The cars, SUVs and trucks being sold here are second-hand but in most cases, top caliber and buyers can get them at excessively low prices.

The government does not aim to make profit on such things; it only wants to get rid of them.

SEIZED PROPERTY AUCTIONS

Seized property auctions sell properties and items that were foreclosed by the government or taken from the original owners due to tax, financial and other related issues (e.g. confiscations from illegal activities like drug dealing or smuggling).

Buying from government auctions offers you a great selection of vehicles at very low prices.