Seized Auctions
Motorhome for sale at Seized Auctions and police auctions
What are seized auctions?
Seized auctions are held several times a year across the country and they sell off property and vehicles that has been confiscated in a court of law. The most common reason for the confiscation is after being convicted, the criminals’ property is confiscated as a result of illegal earnings. The majority of the vehicles have been in storage whilst legal proceedings have been going on and therefore are sold off as quickly as possible in an attempt to offset the high storage costs. For this reason you can often find vehicles with extremely low starting bids. You can often manage to get an excellent motorhome for just a fraction of its market value.
Are ‘Repo Auctions’ the same?
‘Repo’ or repossessed auctions are held by finance companies to sell off the vehicles they have repossessed as a result of foreclosure. They are usually the same format as police auctions and have very low starting bids too.
Do these auctions work like regular auctions?
The overall process of biding is exactly the same as ay other auction. There is normally a catalogue of the vehicles on offer and a set time is allotted for viewing. The main drawback with these auctions is that you are not generally allowed to drive the vehicles before bidding. You can however start the engines and make almost any other kind of inspection you see fit.
Are there any auction fees to be paid?
There is normally an auctioneers fee to be paid by the winning bidder. This fee tends to be around 10% of the winning bid price but this varies from auction to auction so you need to check this out beforehand.
For a list of Seized Auctions and Police Auctions in your area see the Seized Auction List
