Imagine you’re flipping (or scrolling) through the morning paper when you spot a small headline on the third page: “Cops seize coke, cash, and Lexus from caught smoking pot in drive-thru.” While it’s not an everyday occurrence, it’s hardly sensational—in most urban centers, it would be lucky to make third-page news. Many of us scan through articles like this every day when we read the paper, and most of us don’t give them a second thought.
But have you ever stopped to wonder just what happens to all the cool stuff that the cops seize? Not the cash and the guns, of course. Usually there are laws about where those are supposed to go, and usually this is a room marked “evidence.” But what about the car? Just how much room do they have back there?
Not much. Law enforcement doesn’t maintain huge parking garages behind the police station. Keeping seized cars around costs money. So banks and government agencies in possession of seized cars get rid of them as fast as they can by auctioning them off at a seized cars sale. Since the government isn’t in the used-car selling business, they don’t really care about selling these cars at or near market value; they just want the cars off their hands as soon as possible. As a result, a seized cars sale often features even luxury cars that get auctioned off at extremely discount prices.
The reason these cars sell for so cheap is the same reason that so few people know about the amazing deals you can get at a seized cars sale. Because law enforcement agencies don’t care about maximizing their profits, they don’t advertise. And since they don’t advertise, often very few people even know these auctions exist. All it takes is a little research; if you do a simple web search for “seized cars sale,” you will see so many pages featuring incredibly good deals on (often very nice) cars that you might find yourself scouring the headlines for your next hot ride. Hey, if you’re really lucky, you might even find a stash of cash stuffed in the seat cushion!
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