In the United States of America (US), it is very simple to get a pre-owned vehicle. People know that the finest place to buy or sell their cars is not through dealers or showrooms, but the General Services Administration (GSA). GSA is a federal agency that offers vehicles in auction. Individuals can also sell their own vehicle through auction. Government agencies such as IRS, DEA, FBI and the police departments acquire 1000s of cars each month through seized and foreclosure laws that are auctioned off to the general public. These cars are listed and sold at up to 95% off of their original values and sometimes, these auctions may start from $100 only. These cars are sold very quickly as their storage costs are very high.
A large number of fresh or approximately new cars get forfeited or seized by the financial institutions everyday as thousands of people fail to pay their car mortgage or lease costs. These cars are also auctioned off in a hurry, because the rate of accumulating the cars compensates the banks’ ability to get the lost money back (similar to the police auctions, etc.). As a result, for some fortunate people who have the access to straight sources,...
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