Saturday, September 12, 2009

Seized Cars

Whenever a person is imprisoned for a financial crime (like tax evasion or fraud), all his assets
(like cars and properties) are seized. In addition, cars that are part of federal evidence or have been
used in a crime are also seized and auctioned off at government car auctions. Seized cars should not
be confused with repo cars as there is no defaulting of payments or collateral involved.

People looking for luxury vehicles will find seized cars at government car auctions the ideal choice, as
luxury vehicles are often seized from wealthy people that were found guilty of financial crimes. In fact,
it is not uncommon for people to come across brand new cars at government car auctions.

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