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′.

In fact upon further research including calling a number of the auctions, using the number provided on the Government Auctions site, I was surprised to hear that due to the current recession, cars selling for $300 at these auctions has been increasing. This is because car dealerships cannot obtain credit or sell their current inventory resulting in many more cars available (in great condition) then people there to buy them.

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.

So once you’ve located the local government vehicle auctions you can attend, then all you have to do is attend them, check out the condition of, and bid on vehicles of interest. Even better, wait until the auctions has ended and buy any remaining vehicles for $300 each (some auctions may have different policies on this).

You’ll be surprised at what you can get for $300. I know, I’ve purchased 3 cars this way including a older model Beemer in great condition.