Here is a well kept secret that not many people are aware of. Did you know you can buy a car or other vehicle for $300 simply by attending a local government auction (I’ll cover where the $39.95 come into play later).

Here’s how it works! At many government auctions if a vehicle isn’t purchased during the bidding session, then it will be put up for sale directly after the auction has ended at the set price of $300 (I’ll explain the other $39.95 later). The reason is simply because the government does not want to have to store any vehicles after the auction is over.

The first time I noticed this, I was going through some of the car listings on the site mentioned below (last paragraph) and then I noticed something peculiar. Many of the cars were indiscreetly labeled ‘If vehicle does not sell at this auction it can be purchased afterward for $300′.

I called a number of the government auctions and agencies directly, with the number that was listed on the site (see below for site). To my astonishment because of current depressed state of the economy, a good number of vehicles were not receiving a starting bid and were selling off for $300. In fact at many of the government auctions there were more vehicles available than buyers wishing to purchase them. This is due to this fact that most car dealership’s vehicle inventories are already too high. Even if they wanted to purchase, banks aren’t offering credit in most cases.

The cost to gain access to these government car auctions with all of the vehicle listings and associated information is $39.95 (so car total is $339.95). It is worth it though, as you get listings of the less obvious auctions with detailed vehicle information for each auction. The membership also contains listings of items such as car parts, jewelry, furniture, home/garden equipment, electronics and even foreclosed homes, all offered for pennies on the dollar.

Once you choose the vehicles of interest from the government auction in your area, then attend that auction and low bid on each vehicle. Better still wait until the auction is over then pick up the unsold vehicle(s) you like for $300. I would recommend calling the auction prior to attending so you have an understanding on their policies regarding this.

You’ll see some really great values there. I know because I purchased 3 cars including my loveable BMW at one of these government vehicle auctions.