Category Liquidation Auctions

There are two types of car liquidation auctions, which are voluntary or compulsory liquidation.

Voluntary liquidation

This is where the car owner agrees to sell off their car at liquidation auctions. Different reasons can lead to voluntary car liquidation auctions. For instance, if a business is struggling, they can opt to auction their merchandise to pay off their debts before things get out of hand.

For an individual who owes a car and they find it hard to pay for the car entirely, they can decide to voluntarily sell it at an auction to have enough money for paying off the loan.

Compulsory liquidation

This happens when an individual or business has to participate in liquidation auctions. Compulsory car liquidation is a court order; this means that participating in it is mandatory. For instance, a car dealership going out of business or it’s filed for bankruptcy; the car goes to liquidation auctions. For vehicles retrieved from criminals like drug dealers, the vehicles are sold off at car liquidation auctions.

Most of the cars sold in liquidation auctions are in good condition and are running. Most of them have excellent warranties and are sold off at lower prices.  This means you’ll be able to save some money for either a new or used car.

It is ideal that you ensure that you check the history of the cars that you are interested in. To do this, have the VIN so that you can get the history through CarFax. You can now be in a position of making good decisions, as you’ll have access to the required information to purchase the car of your dreams.  At liquidation auctions, you can be able to get good, dependable vehicles at meager prices.

You can be able to reduce your surplus inventory through liquidation auctions among other popular methods.  Getting rid of your excess inventory, through liquidation auctions can have its drawbacks and benefits.  When you opt for an online auction, the view is that goods move relatively quickly. However, this is not a guarantee, and it can take some time for your inventory to turn over.

In the meantime, your capital is stuck on assets that are not moving. This can harm your business as you don’t have the resources to take advantage of opportunities until the inventory sells. Keeping pace in liquidation auctions can be particularly time-consuming.

Liquidation auctions also make you lose control of the sales channel and brand control. The bidder on your inventory can be a potential competition; this, therefore, hurts your sales, jeopardizing your brand’s integrity. Liquidation auctions offer little control on your inventory; it’s consequently essential to be aware of the influence on sales channel and brand image.

Utilization of liquidation auctions

Auctions can tend to cost a bit higher due to the effect of intermediaries. You, therefore, have to pay a certain percentage to the auction house, the auctioneer or any other expenses. If using liquidation auctions raises questions in your mind, then you can opt for a liquidation company. A liquidation company is different from liquidation auctions.

Liquidation company

A liquidation company pays cash up front; therefore, you won’t need to worry how long it will take to sell inventory. You also get access to an added insurance of your inventory selling off to protected channels, hence, not putting your brand or pricing at risk. You are also in a position of dealing directly with a particular company, to cut out the cost of middlemen. Working with a trusted liquidation company solves a lot of risks encountered in liquidation auctions.

Government Liquidation Auctions- Why Everything is Cheap?

Government liquidation auctions have a lot of stuff that the government doesn’t require. This is especially the case considering all the possessions that the government seizes from criminals every single year. Not to forget government department upgrades, which leaves a lot of goods that are not required? All these items end up in a huge warehouse; however, there is a way that you can get access to them- during liquidation auctions.

Items sold in government liquidation auctions

Most individuals would want to know precisely the products available in liquidation auctions when they hear of the surplus products. You can be able to get access to trucks, motorbikes, tractors, and SUVs among other vehicles. The auction also has boats and boating equipment, not to forget the vast range of office equipment and computers, home appliances, coffee makers, fitness equipment, air conditioning units, and furniture.

At the liquidation auctions, you will also have small items such as cameras, video cameras, stereo equipment, and expensive watches. You can gear up your house with all this equipment, which can help you save up to 90% off the retail price.

Reasons for low prices on products at liquidation auctions

1. Most of these products are quite cheap as the government isn’t concerned about how much they got them for.
2. The government pays up a lot of cash to securely store all these products, hence, the need of wanting to sell them off as fast as possible.
3. The government liquidation auctions are the best as the government has no intentions of making profits from these products. You can, therefore, have them for pennies.

A few years ago, locating a government auction was hard; only a lucky few knew how to find one to get products at the best prices. However, with an online database of auctions, you can search through to find such auctions. You will only need to enter your details, select the type of product you want to view and be ready to save up to 90% off the standard price.