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All vehicle types, makes, and models are sold at such auctions – SUVs, coupes, sedans, vans, minivans, even convertibles. Obviously, these government agencies institutions are hoping to get as much money as possible for their goods. But good bargains and cheap cars can be had. Otherwise, the auctions wouldn’t be as popular as they are and no one would participate.
Online auction sites are becoming increasingly competitive, evolving alongside advancing technology and providing a larger number of more sophisticated platforms for online sellers. Founded as early as 1995 when it was known as AuctionWeb, eBay Inc. (NASDAQ:EBAY) was one of the first online selling and buying portals and, for years, held the monopoly in digital auctions. Subsequent years have seen the online auction market diversify, with new auction sites competing in eBay’s space, offering consumers a wider choice of digital auctions on which to sell and buy products.
eBid has been buying and selling online since 1999. Millions of sellers use eBid to sell their products at auction in more than 13,300 categories. Some of the main features of eBid that make it attractive to online sellers, are its free online store setup, free listings, low sale fees ranging from 0% to 3%, ease of use and human, non-robotic support. Sellers also benefit from a full email and in-app notification system, meaning they get notifications of their eBid activity onto their mobile device.
Law enforcement has the ability to seize or confiscate the property of criminals, or property used by criminals or their associates for the purpose of conducting illegal activity. For example, a person convicted of drug trafficking or the selling of stolen property will forfeit their vehicles and any other property that is used to perpetuate illegal activity or was obtained by the proceeds of that illegal activity. When a vehicle is seized, it's held by the agency until the time of auction.