These programs are meant to benefit taxpayers as a whole, but could they benefit you, the individual taxpayer? Can you bag a bargain at a government auction? "GSA's goal is to maximize return to the federal government," the GSA spokesperson said. So they're not giving this stuff away. In fact, the government sets "reserves" or minimums for the most valuable property it auctions off. But judging from a wide tour of current government auctions and bids, there are still opportunities to walk away with valuable goods for a great price. Here's a look at who's selling what, where, and for how much.


Payment methods. A government auction accepts many modes of payment from credit cards or bank checks to cash. It is recommended to ask the auctioneer about the modes of payment involved before the auction starts. Besides the bidding price of the car, an additional buyer's premium fee is added onto the total. This fee is normally 5 percent of the winning bid
Some sellers agree to use an escrow service. For a fee, generally 5 percent of the cost of the item paid by the buyer, an escrow service accepts payment from the buyer via check, money order or credit card. The service releases the money to the seller only after the buyer receives and approves the merchandise. It helps protect buyers from ending up empty-handed after paying their money. Using an escrow service can delay the deal. As with any business transaction, investigate the escrow service's reputation before signing on to the service.
Cars at government and public auctions sell on visual inspection alone. So look at everything and look for telltale signs of repairs such as paint overspray, less than smooth sheet metal, puddles under the vehicle, scored brake discs, an uneven stance and a million other details. Use your nose, hands and legs, too. If a car smells musty or the carpeting is wet, run away.
Check out this 2005 GMC Light Duty Sierra 1500 HD pickup truck now up for bid. This black beauty has a powerful V8 engine, extended crew cab SLT, 4WD, running boards, towing/camper package, Bose radio with CD player, cruise control, and a ton of other luxurious features. The current bid is at $9,338 and the winning bidder must put down a deposit $1868. For full auction details all you need to do is register now. Auction ends 8/27.
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Jim Meisman (owner) of Meisman has passed away and is selling everything at public auction. Meisman Trucking has been in business for over forty years and the auction will include: Kenworth W900L Truck Tractor w/ Cat C-16, Rock End Dump Trailers, Belly Dump, Equipment Trailers, Vehicles, Shop Equipment, Tools, Attachments, Truck Parts, Much More.
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I had a family members military collection to dispose of and Farmer Auctions and all of their staff did an awesome job in all areas, from picking up the collection of items, to the research and marketing to buyers, display, photography, and the actual auction. Will Farmer kept me informed of all of the aspects of how the research and grouping of items for the auction was progressing leading up to auction day. We were very pleased with the auction results and truly knew that we had picked the right people to handle this auction. They are an top notch company and I would highly recommend them to anyone.
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