Government Articles - How to Buy Repossessed Vehicle in Manitoba


by Davion Wong - Date: 2009-08-24 - Word Count: 525 Share This!

Every year, there are about hundreds of cars that are being seized by the government of Manitoba. Later on, they will be sold in auctions where buyers will get the chance to own them at a much, much cheaper cost. If you want to buy repossessed vehicle in Manitoba from these auctions, you should know that the initial bidding price is $100.

Aside from seized cars, you will also have the chance to own signature cars that the government is disposing. Any of these Manitoba repossessed vehicle auctions feature vehicles that are still in great running condition; and for this reason, car dealers participate in such events with the hope of getting a good catch.

It's not difficult to participate in auctions in Manitoba. First and foremost, try browsing for information online. There are numerous sites on the net that give away details on upcoming auctions. Manitoba itself has an official auction site where the schedule and location of the next public sale is posted. You can register from this site or you may opt to go to their office to do it personally to ensure that there will be faster results.

When you come to their office in person, ask the person in charge for an application form. Make sure that you have your driver's license with you as you might be required to present it to them before your application can be honored. After submitting the application form, a bidder number will be assigned to you. Auctioneers usually release auction catalogs from time to time and you can subscribe if you want to be regularly updated.

Most of the auction participants are not really there to make purchases. Some of them would just like to observe first. They want to familiarize themselves with the procedures so that when the time comes for them to buy, it will be easier for them to succeed.

Those people who cannot come to the actual bidding have another option. They can buy repossessed cars in Manitoba at pre-auctions. The prices of pre-auction items are set and they are usually called "first price". The details of these pre-auction events can be found online, or you can get them from the auctioneer's office.

As much as possible, go to the auction on the first day. You will find the best cars then. Big buyers normally come to participate in the bidding during the first day and sweep up the finest cars on display. Thus, if you will go there on the second day onwards, the best vehicles may already be sold.

The bidding winners can pay the auctioneer via bank transfer, bank check, BPay and EFT. When you buy a repossessed vehicle in Manitoba, you will be required to deposit at least $500. The balance is payable in 24 hours and you should settle it to make sure that you can bring home the car. Davion is crazy about fast cars. Uncover useful tips on seized car auctions such as where to find cheap seized car auctions near your home at his wildly successful car blog. Also, read to find out even more on government seized car auctions.


Related Tags: auto, cars, family, car auctions, auto auctions, used cars, seized car auctions, government car auction

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