There are a lot of dealers across the country who can give you great deals on used motorcycles. But another option that you could do is go to a seized motorcycle auction event and bid for a motorcycle that you like.
Auctions are a great place to find cheap motorcycles. Armed with the right knowledge about motorcycles and the bidding process, dreaming of cruising the highway on your very own bike will not be that far off.
Now, let's begin with the reasons why motorcycles in a seized motorcycle auction are offered so cheap. Most of the units sold in these kinds of auctions were repossessed or seized by the government from owners that were involved in illegal activities. Some of the units came from old stocks of the government agencies. Old police motorcycles and such are sometimes put up for bid especially if particular law agencies have decided to upgrade their motorcycle patrols.
Another reason is that, since the government was able to get the motorcycles for free so they can actually sell them at really cheap prices. The government is also keen on cashing out on these motorcycles since storing them is much more expensive in the long run plus as the years go by the value of the bike will depreciate more and more. That's why the government often times hold seized motorcycle auction events and tries to get as much money as they could from the sale.
However, precisely because a seized motorcycle auction offers cheap units, you really need to be careful in joining any kinds of bids. You need to inspect the merchandise thoroughly first. Here your knowledge or expertise will help you determine if the motorcycle is worth the advertised value and how much the maximum bid for it should be. It is common in a seized motorcycle auction that bidding wars ensue because of emotions getting in the way.
Never ever join in a bidding war even if you like the bike so much. You don't want to end up paying more for a motorcycle than what its worth. When you go to a seized motorcycle auction you need to set a ceiling or a maximum bid for yourself and learn to stick with it. You're goal is to find a perfect motorcycle at the lowest price possible and not the opposite.
There are also some things that you need to watch out in a seized motorcycle auction. One of which are phrases that at first glance are not that important but later on proves to be crucial especially when filing claims of refund, warranty and misrepresentation of the merchandise.
The word "As Is" is a great defense for any claims. Most motorcycles in a seized motorcycle auction are sold "As is" with not as much as a 30 day warranty in any parts of the bike. Sellers also tend to exaggerate and promise a whole lot of things during the events. Without any written contract or agreement it is very hard to prove that they promised this and that when they were auctioning off the bike.
So in a seized motorcycle auction your instincts play a little bit when bidding on a product. If you feel that there's something wrong with the motorcycle or with what the seller is saying, it is best to avoid it and move on with the other bikes for sale. Be wise with your purchase.
