“The federal government buys a huge number of vehicles each year and sells off its old cars and trucks through regularly conducted government auto auctions. Over 300 government car auctions are held in various part of the country each year and all types of vehicles are put up for sale. Participation in these auctions is free and is open to anyone who has a driver’s license and is over 18 years of age.
Besides the traditional method of the live auction, government auto auction are also conducted online and in the form of sealed bid auction, drop by sales, and fixed and negotiated price auctions. Payments by successful bidders are normally accepted in the form of cash, credit card payments, money orders and cashier’s checks.