Self Storage Units Containing Cars
And depending on who is attending the auction, and what their purpose is, the interest level in the bid could be anything from nothing to a verifiable frenzy.
When the unit door is opened prospective buyers only have a few moments to visually inspect the contents of the unit. You will not be permitted to do a thorough mechanical inspection. There will be no test drive. There isn't even a chance to kick the tires. This is the ultimate scenario where the storage auction buyer must beware. Note that if the facility has not already checked the lien status on the vehicle, the auctioneer will close the unit until the status is confirmed. In order to proceed with the auction the storage facility must confirm with the Department of Motor Vehicles that the vehicle is free of liens.
Assuming that the lien status is verified as free and clear, the auction will proceed. If you are the winning bidder, you will need some sort of paperwork associated with the car. If you are lucky, the paperwork may be inside the vehicle in the glove compartment where most people tend to keep documentation or registration pertaining to their car. Often times however, such paperwork is not readily available to the storage auction buyer. So, what do you do? Go to the Department of Motor Vehicles with your sales receipt from the auction. If you are lucky enough to have found the title in the car, you will probably have no difficulty in transferring the ownership and getting new title in your name. If you do not have the title, you may request a bonded title from the Department of Motor Vehicles. The vehicle must be in your possession and not considered abandoned, junked, stolen, or have pending lawsuits against it. Although the car is not required to be operational it must be considered a complete vehicle including three elements; frame, body and motor. You can apply for a bonded title in the state where you live, or in the state where the vehicle was last registered if you know where that is. In most cases the cost for a bonded title is approximately $100.
Before purchasing a storage unit at auction containing an automobile, consider all the risks. It is worth your time, trouble, and money to try and restore, repair and resell an automobile? Is this a deal you can't pass up-or a deal you better leave behind?