Many people are talking about police impounded cars auctions and as a general rule we all know that you can get a cheap car from police auctions.

Many of the cars that you see on the roads today were bought from the police impounded cars.

A police impounded car is usually a car that was stolen and found by the police, but never claimed by the rightful owners. Many of the cars are in great condition.

Police impounded cars could be a sedan, hatch, SUV, LDV, boat, airplane or a truck.

At police impounded car auctions, you are likely to get up to 90% off of the retail price of your vehicle, as the police never had to finance the cars and therefore don’t have any money to recuperate. They simply have to empty out the pounds in order to make space for all the stolen cars that are found on a daily basis.

Although the process is very simple and easy, you need to be aware of the fact that you will need your own finance or cash to pay for your car.

Proceeds for police impounded cars auctions go to the government.

There is also money to be made from police impounded cars auctions. By purchasing a vehicle for next to nothing from a police impounded car auction, you can rehabilitate the car and restore it to respectable state.

As with traditional used car auctions, it is a good idea to inspect the cars that you are interested in the day before.

Be sure to bring along cash as most auction houses accept cash only and sales are final.

You will require a valid driver’s license and proof of insurance. If you make a winning bid, you will need to pick up a temporary permit in order to drive your new car home. This regulation varies by locality.

You will also have to pay a minimal registration fee and keep your bidder number close by to show the auctioneer when bidding starts. Only registered bidders are allowed to make bids.

Most of the cars will have stickers on and it will help you see whether the car was recently moved under its own power. Stickers saying “driving with license suspended” (DWLS), would indicate that it was recently driven.

Some impounded vehicles may have been sitting in the pound for more than a year without having any maintenance done on them.

Have a used-car price guide handy, which will give you an indication of market values and other useful information. Also look up the trade-in values.

Don’t miss out on a good deal by not familiarizing yourself with the rule of the auction beforehand.

An absolute auction is great as there is no reserve or minimum bid. Some auctions may charge a buyer’s premium on top of the bidding price.

With auctions there generally are no warranties or guarantees. It is sold voetstoots and what you see is what you get.