Both the police force and the various repossession companies in the UK regularly hold auctions where quick witted bargain hunters can pick up deals of a lifetime. These auctions take place all around the country and a wide range of items are always on offer, including electronics, clothing, furniture, push bikes, motorcycles, cars and even houses. Carry on reading for more information about these lucrative auctions…

Buying from Police Auctions

Police auctions are a way of clearing the Police Property Store of items that have been recovered, seized, found and otherwise acquired. As such, the prices are often ridiculously low and it’s easy to find brand new or grade A used items at way under their market value. Repossesed electronics auctions are very popular with bargain hunters and they have a field day at police auctions and there’s no reason why you can’t attend as well.

The way in which police auctions are conducted differs from force to force and so you’ll have to check what happens in your county. Some forces manage their auctions through a qualified auctioneer however many now sell off items online, very much like the style of eBay. In fact, there are police auction stores on eBay and this is another great way to pick up a top bargain. A full list of the non-internet police auctions is available at the Police & Government Auctions website so you can easily see if there is one near you soon. The information on this website is regularly updated and you can also find some details of the kinds of items for sale.

Repossession Companies & Auctions

Repossession company auctions tend to focus on large items that their clients can no longer pay for. So for example, you’ll find a lot of electronics, motorbikes, cars, caravans and mobile homes and of course houses for auction here.Repossession companies sell a lot of second hand items however they are still well worth a look as there are plenty of bargains to be had.

With the current credit crunch in full swing hundreds of people are sadly having their cars and houses repossessed and while this is a sad state of affairs for the owners, it’s a buying paradise for those looking for an investment. Repossession company auctions can be a dangerous place though and so you’ll need to go armed with some semblance of self control – especially when you see the starting prices of some items. Think before you bid and be aware that you could very well win the item.

Repossession companies hold auctions all over the country and so it’s worth checking with local companies and on the internet for opportunities near you. After all, you might just pick up the bargain of a lifetime.