An impounded vehicle auction is a type of auction that specializes in selling abandoned and disabled vehicles. Once a car is towed by municipalities or private companies and the requisite time has passed, the cars are auctioned to recover the cost of towing and storage.

Most states require a rigorous process to determine the owner of the vehicle and the disposition of the title before allowing a vehicle to be auctioned. This includes a title search, publication of an impending sale and certified letters in an attempt to give the vehicle's owner an opportunity to pay towing and storage costs and recover the vehicle.

These auctions are typically held by an auctioneer on the grounds of the tow lot, but Internet-based auctions are becoming more common.(TowLot.com,Proxi Bid)

States and municipalities vary widely in their treatment of impound auctions. In some states, bidders must register as salvage dealers or restoration companies in order to bid. In Missouri, impounded vehicles may only be offered to the general public with a salvage title, while other states have no restrictions on who may purchase a vehicle.

Impounded vehicles are offered as-is, where-is with no warranty. Those auctioning the vehicles have no knowledge of its mechanical condition beyond the obvious (such as rust), and are generally exempt from providing warranties. As a winning bidder, one must purchase and take possession of the vehicle, even if it is not capable of leaving the lot under its own power. Keys are not always available, and in cars with a digital dash, the mileage may not be known.

From Wikipedia under the GNU Free Documentation License
Thu Jul 1 02:58:07 2010

 Impounded Cars For Sale | Auto Finance Toronto
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Sat, 27 Feb 2010 07:07:43 GM

Impounded. cars which have been put brazen for sale by . auctions. have been great places for shopping the car. The . vehicles. which have been charity during these . auctions. have been routinely seized by banks as well as supervision agencies ...

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... if he finds any illegal space alien spaceships in his county he will impound them and sell them off at The First Tuesday of Every Month Vehicle Auction . ...



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From Google News Search: "Impounded vehicle auction"
Thu May 20 07:39:31 2010

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Selling 43 salvage impounded and confiscated vehicles for the City of Canandaigua Police Department Retail purchasers Dealers Welcome One Titled Vehicle

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Why Government Car Auctions have some of the best deals on the planet Impounded car auctions are considered one of the best options in finding cheap cars It is one way to hunt for an affordable vehicle These auctions are gaining popularity

From Yahoo Image Search: "Impounded vehicle auction"
Thu Jan 28 19:37:21 2010