Police Impound Car
Auctions
In every county and city across
the country the police impound thousands of cars a day for
a number of different reasons. This creates an opening for
ambitious bidders to sniff out many a good deal and get
cars on the cheap at police impound car
auctions.
So how does it all start?
Cars get impounded for a variety of different reasons.
States and cities have different policies and guidelines
which they use to impound vehicles, but it’s generally along
the lines of:
-
The driver have been caught driving without a licence
and/or his registration has expired for a period in excess
of 6 months
-
The driver has been involved in racing and/or has been
arrested
-
There are parking tickets not paid on the vehicle or the
vehicle has been parked
illegally.
-
The car has been abandoned by its owner for a certain
period of time.
-
The vehicle has been used in criminal activity or is
evidence in an ongoing criminal investigation.
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These rules vary from
state to state, but nevertheless is a good indication as to
why vehicles are impounded by the police. This then sets of
a chain reaction which will possibly lead to a police
impound car auction.
Usually the police impound
these vehicles for a period of 30 days, and for longer if
the impound is related to a serious offence. If the owner of
the vehicle wants his car back, he will have to pay all the
fees relating to the police impound such as storage and
towing to the lot.
Once the car has been
impounded, the yard will normally notify both the owner and
lien holder (if any) that the vehicle has been impounded.
This is usually done in writing within five business
days.
In certain cases, the lien
holder will actually repossess the vehicle whilst it’s still
in storage. In this instance they need to present a repo
order and proof that they own liens on the vehicle.
Simultaneously they will also normally settle the impound
storage – and towing fees. This, arguably drastic action,
depends largely on the finance company itself and the policy
agreement with the car’s owner.
Provided that there are no
liens on the vehicle from banks and finance companies which
may prompt them to seize the vehicle, it will remain in
storage, untouched for 30 days.
After the 30-day period of
the police impound, owners are welcome to pay the applicable
fees and claim the car back. In the case of the owner not
stepping up (and this is where the bidders start getting
exited for a potential police impound car auction) the
police will normally after this period apply for a
magistrate title at the court. In line with typical
government efficiency, this process can take around 45 days.
The owner still has the chance to reclaim the vehicle at
this point provided that he pays the necessary fees.
If after this period
neither the registered nor legal owner of the vehicle has
acted on the chance to release the vehicle from the impound
yard it will be sold at an auction.
A helpful hint: As a
bidder one needs to be very careful with regards to any
outstanding titles on the car being auctioned. The period
leading up to the police impound auto auction leaves little
time for the police department to follow up on outstanding
liens. A potential pothole for buyers!
However if you understand
this process it’s quite easy to realise why vehicles sold at
a police impound car auctions are so
inexpensive.
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