SEIZED MOTORCYCLE AUCTIONS
There are thousands of dealers in the United States that provide excellent
deals on pre-owned motorcycles.
Another choice consumers in the market for used bikes have is to go to a
seized motorcycle auction event and bid on a motorcycle that you like.
An auction is a really good source for finding inexpensive bikes. If you have
knowledge on motorcycles and how the bidding process works, you can find
yourself cruising on the open road in no time!
**You can use the cash you receive from your motorcycle
loan for buying a bike at an auction!
Why are motorcycles sold at auction so cheap?
Typically, bikes sold at auction were seized by the Government from people
that were involved in illegal activities. Being that the Government has not paid
anything for these bikes, they are able to sell them for a very low price. The
Government would like to 'move' these bikes as fast as they can because storing
them is going to be more expensive in the long-run. Also, a bike's value
depreciates rather quickly as time progresses.
You need to be careful when buying at an auction!
It is important that before you place a bid on any bike that you thoroughly
inspect it. Therefore, it is important that you have knowledge of motorcycles and
how they work. If you don't, bring someone that does. If you don't know anyone,
go to a local dealer and speak to some in the service department. Offer to throw
them a few bucks for them to come down and help you determine whether or not
bikes are worth bidding on and what a motorcycle's value is. This will allow
you to establish a maximum bid for yourself so that you avoid paying more than
the unit is worth.
Avoid getting involved in a bidding war!
Don't let your emotions get the best of you! You will only end up paying
much more for a bike than it is worth! You need set maximum price you are
willing to pay. Don't forget that the purpose of you going to an auction is to
find a good deal on a great bike...not an OK deal for a decent motorcycle.
Other things to avoid when at auction....
It is important to understand the phrases involved. They may not seem
important but are crucial when it comes to filing claims of refund, warranty and
misrepresentation of the merchandise.
For example, "As Is" is a great defense for any claims. Most motorcycles in a
seized motorcycle auction are going to be sold "As is" with only a 30 day
warranty for any parts of the bike. It is also common for sellers to amplify and
promise various things during an auction. You will need every 'promise' in
writing. Otherwise you will not be able to prove anything in the even you need
to go to court as a result of the item not being as described.
Using your instincts...
You are going to have to greatly rely on instincts when buying a seized
motorcycle from an auction. If you have any sort of inclination that there is
something wrong with a bike you are interested in, don't buy it! There are
enough motorcycles where you can wait until you find that is 100% perfect, for
the right price!
Learn what other options you have when
buying a used motorcycle.
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