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Where Do All The Auction Motorcycles, And Other Vehicles Come From?

Over a million vehicles each year are sold by banks, the IRS, and various other government agencies… that have been repossessed, and/or otherwise legally seized. The police, FBI, DEA, and just about every other law enforcement agency you can think of sell everything from small dirk bikes and four wheelers to private jets and multi-million dollar yachts. Some items may be from Government surplus, as well. You’ll even find "wrecked" vehicles that insurance companies have sold at the salvage.

The reasons behind a vehicle having been seized range widely from failure to make monthly payments to owing diligent taxes. Regardless of their source, vehicles are sent to auction with the main purpose of being sold quickly and hassle-free. This is because, in most cases, the seller has nothing in it, as in the cases of seizer. The banks still make some profit from repos, and receive a tax write-off.

In short, the auctions really just want the item(s) gone now. This sense of urgency, along with the seller having little to no investment in the transaction at auction is what creates the beneficial opportunities provided by auctions in the auto buying system.

 

 
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