Age and nationality requirements. A bidding individual must be at least 18 years old to participate in government car sales. Unlike private auctions, which sometimes require a license to bid, a government car auction is generally open to the public. No special license is needed. However, in order to transact business with the federal government, a social security number or tax identification number is needed. If purchasing the vehicle for a company, then a Power of Attorney certificate is required
The best bargains are usually on the older less-than-perfect vehicles that dealers don’t want to spend time and money on. Dealers go for the relatively late-model higher-priced vehicles. Since dealers want to make a profit by buying low and selling high, you might be able to pick up a good car by bidding slightly higher than a dealer is willing to pay. Or bid on older vehicles that dealers don’t want.
1. You're not used to the process. It may sound like an ordinary auction, but it's not. There are rules that need to be followed, plus the fact that you're practically dealing with the government. Your fear and awkwardness can definitely affect your bidding decision. To ensure that you will be able to bid properly, get yourself comfortable not only with the auction procedures but also with the people around you. They normally have practice auctions. It's ideal if you can attend at least one of them. You may also try to observe real government auctions and take note of how veterans bid for these cars.
Loveland Online Auctions LLC invites you to bid in this weeks' Online Auction...Included in this week's Sale is an Outstanding selection of Vintage Musical Instruments and Equipment including a Nice Stu Hamm Fender Bass Guitar, Crate BX-100 Bass Amp, Kustom, Portable 10" Monitor Speaker, Passport Fender 500 Pro Portable Sound System, Mackie 808MFR Series Powered Mixer with Custom 32 Bit Precision Digital Stereo Effects, Vintage Children's Jaymar Piano, Jewelry, Collectibles, Glassware, Home Décor and Much More...