Where can you buy repossessed cars #car #for #sale


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Where can you buy repossessed cars?

Karate1000

Answered Last

Here is a variety of advice:

  • If I were you I would check out your county for repossessions to be sold they generally sale for 2/3 of the loan value.
  • I would NOT buy a car that has been repoed. Simple logic tells me that the driver was NOT doing ANY repairs or even oil changes, before it got pulled away. In my years of experience doing vehicle repos, (yes I do know what I am talking about here) the number of outright clunkers was higher than 75 percent.
  • Junk on wheels is what we used to call them. Run to death and barely able to be driven. Buyer beware is what I say.
  • What if my truck worth 15k is repoed because I quit paying on the 20k loan. Then I buy it at auction because I know I took care of it? Heck, I could even dirty it up inside a little first so it will auction for less.
  • It won’t work. If it was repo’d by a buy-here-pay-here lot, they’ll put it back on the lot and certainly aren’t going to deal with you. If it was taken by a bank or manufacturer’s finance company, it is going to a wholesale auction where you need a dealer’s license to bid. Some smaller credit unions or finance companies will sell their repo’s in their parking lot, but that’s just like the BHPH place – they aren’t going to talk to you. Besides, you STILL OWE the difference between the loan (plus repo fees) and what it brings. It’s cheaper to make your payments.
  • It’s fine to buy a repo car if you take someone with you who knows a bit about cars. Where repo cars are sold is different from place to place. Try Googling your city and car auctions or else looking up auctions in the phone book.
  • Call your local Credit Unions and ask them if they have any vehicles for sale. Most of them do these days. These are high quality cars for good prices and you are buying from a reliable source. Credit Unions will also give you good financing terms to get the cars off of their books. You could search online or just open the phone book and start calling.

Texas Repossessed Cars #cash #for #cars


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Texas Repossessed Cars

Posted by admin on March 06, 2010

GRAB A FREE PRE-PAID GAS CARD WORTH $250 – Click HERE

One of the best ways to find repossessed cars in Texas is probably to use the old tried and tested methods of calling the repo companies, credit unions, police departments and government agencies to see if they have repossessed cars for sale at upcoming auctions. They sometimes advertize these auctions but it can be a hit and miss affair whether you ll get to know about them in time.

I ve listed many companies in Texas that might be involved with repossessed cars sales below. Use ctrl F to search for your town. Mostly these are public auto auctions, but not all some are dealers only.

There s a great site that provides all of the repossessed cars auction information for you right to your computer and lists thousands of live and online auctions at the touch of a button taking all of the hard work and time out of it for you. Check out their site and look at the testimonials. For a small one-off fee (and there is a March special offer!) you get amazing value and you re almost guaranteed to save thousand on your next car.

Here is another site that gives you a free trial. You should try The Government Auctions website, where you can sign up for a free trial and check for repos and government surplus cars in your area. Just sign up for the free trial you can cancel after a couple of days if you don t find what you re looking for but there are some great bargains to be found there Click the picture below to see what they have to offer.


Repossessed Cars For Sale #trade #in #your #car


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Repossessed Cars For Sale

This page is dedicated to offering you the best listings of repossessed cars for sale. We ll be actively hunting down the best repossessed cars for sale in your State. We re also partnering with some of the best vendors of repossessed cars for sale, in order to get the bargains right in front of your eyes. Keep your eyes right here and prepare to see magic!

Buy repossessed cars for sale

Buyers: Find Your Best Repossessed Cars For Sale

Buyers: Keep right up to date with our newsletter which will prompt you on the best bargains going on repossessed cars for sale .

Sellers: Show Your Best Repossessed Cars For Sale

Sellers: Use the contact form if you are offering repossessed cars for sale and would like free listings. Let us know what you have to offer. Get in quick if you missed the recent mailing!

What we hope to achieve here is putting the buyer of repossessed cars right where they need to be by also placing the best repossessed cars for sale right in front of you. At repossessed cars we ve taken the feedback over the past year and a half that what you are truly looking for is the best free listings of repossessed cars for sale, period.

Well that is what we are about to provide. Stay tuned for repossessed cars for sale .


How to Buy Repossessed Cars. #car #loan


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How to Buy Repossessed Cars

Before making the decision to buy repossessed cars. it s important to understand exactly what they are. A car may become repossessed by a financing company when the person who bought it stops making payments. When this occurs, the company which seized the car sells it to regain some of their losses. They frequently sell the cars for much less than they were originally purchased for in order to liquidate them as quickly as possible. If you d like to buy a car but don t have the money to spend on a new or even a used car at a dealership, you might consider trying to buy repossessed cars. These steps will help you learn how to buy a repossessed car and find one that s worth your money.

Step 1: Find Out Where Repossessed Cars Are Sold

Repossessed cars are most commonly sold at auctions. You can find local auction houses in the phone book or through an Internet search engine and call them to find out when their next repossessed car auction is. You can also attempt to purchase a repossessed car directly from the bank that repossessed it by calling and asking if they have any that have not been sent to auction yet. Occasionally, repossessed cars will be sent back to the car dealer they were originally purchased from, so a third option is to call some local car dealers and inquire about any repossessed cars for sale.

Step 2: Ask About Payment

If you plan on purchasing a repossessed car from a dealership or bank, they will be able to work with you to create a financing plan. If you re going to auction, though, you may need to have cash available. While inquiring about the next repossessed car auction, ask which forms of payment are accepted, and make sure you have it ready before you start bidding.

Step 3: Check the Quality

Repossessed cars vary greatly in condition, from clunker to gently used. If possible, ask about a test drive before committing to a purchase. This is the easiest way to make sure the repossessed car you re thinking of buying runs correctly. If no test drive is possible, you can at least inspect under the vehicle s hood and make sure the engine starts. You can also write down the vehicle identification number (VIN) and get a car history check through a company such as CARFAX.

Step 4: Buy Your Car

Buying a repossessed car at auction is typically the same process as any other auction. You get a number and hold it up to keep bidding. If you re unsure of the mechanics of an auction, the people in charge can give you a crash course so you re prepared before the auction starts. Once you ve made the top bid on a car, it s yours!

With these helpful steps, it s easy to find the car you ve always wanted for extremely low prices. Buying repossessed cars is a great way to drive for less.


Repossessed Car #leasing #a #car


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Repossessed Car

Repossessed cars or “repo” cars are sold on an as-is basis. Literally in the same condition they were, prior to being repossessed. A lot of them, already have been repaired at one point, or worse, still need some fixing done. That is why, it is important to check on the car’s condition before even considering purchasing it. Even if the car looks great on the outside, a little look on the inside might help steer away from making a bad purchase.

Keeping a lot of options open is also another factor in getting the right “repo” car. Doing a little research on a potential car is a good start but focusing on just one might not help the case. Since the car will be up for bids, there’s no telling how many people would be fighting for it and how much it will actually cost after the bidding. A budget as well as expectations should be set prior to bidding for a repossessed car. That is why it is better to at least have a back up plan or a back up choice.

Now, just in case the chosen car was bought by somebody else, there are still plenty of chances and places to look for repossessed cars. Auction houses do not just auction once, as stated earlier; banks need to take back their losses, so the chance of having another auction is not impossible. Finding a repossessed car does not stop at auction houses though, they can be found online as well. A lot of websites auction off repossessed cars, with a wide variety of choices to offer those who are looking to get a great deal. It is important however to be careful, and verifying the validity of these websites should be taken into consideration before bidding, to avoid getting scammed or any hassle in the future. Banks also sell repossessed cars directly, to avoid spending money on auction houses as well.

No matter what the circumstances are, whether purchasing repossessed cars at an auction house or getting a brand new car from a local auto dealer, it is ideal to get all the information necessary before spending on something. Getting a car for a cheap price might not be a good idea if the money saved will be spent on doing damage repair.

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Posts related to Repossessed Car

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Out of all the problems that the financial crisis is bringing everyone, it somehow has a positive side effect that most people do not see.


Texas Repossessed Cars #car #loan


#repo cars
#

Texas Repossessed Cars

Posted by admin on March 06, 2010

GRAB A FREE PRE-PAID GAS CARD WORTH $250 – Click HERE

One of the best ways to find repossessed cars in Texas is probably to use the old tried and tested methods of calling the repo companies, credit unions, police departments and government agencies to see if they have repossessed cars for sale at upcoming auctions. They sometimes advertize these auctions but it can be a hit and miss affair whether you ll get to know about them in time.

I ve listed many companies in Texas that might be involved with repossessed cars sales below. Use ctrl F to search for your town. Mostly these are public auto auctions, but not all some are dealers only.

There s a great site that provides all of the repossessed cars auction information for you right to your computer and lists thousands of live and online auctions at the touch of a button taking all of the hard work and time out of it for you. Check out their site and look at the testimonials. For a small one-off fee (and there is a March special offer!) you get amazing value and you re almost guaranteed to save thousand on your next car.

Here is another site that gives you a free trial. You should try The Government Auctions website, where you can sign up for a free trial and check for repos and government surplus cars in your area. Just sign up for the free trial you can cancel after a couple of days if you don t find what you re looking for but there are some great bargains to be found there Click the picture below to see what they have to offer.


Repossessed Cars for Sale: How and Where to Buy? #car #value #book


#repossessed cars for sale
#

News

Repossessed Cars for Sale: How and Where to Buy?

You have probably seen in the local newspapers and at specific websites print and online ads offering to buy repossessed cars for sale at very affordable prices suitable for every purse even with very low budget. In a case your financial status is not so good at the moment you can also appeal to such ads to buy one of repossessed cars and use it for your personal needs. Nowadays repossessed cars for sale or repo autos are in high demand and that is why they are quite available online and at public auctions and on-site auction venues. The next recommendations will help you to choose among repo vehicles the most fitting to your requests.

At first let s focus on what are repossessed cars for sale and why prices on them are rather low? You will hardly be surprised if anyone says that repo cars can t be compared with salvage autos or even with used cars. It happens so because they belong to a separate class and be categorized to this class only if they were initially seized by different financial establishments like banks from those owners who didn t manage to pay for them due to a credit agreement. Huge governmental financial institutions like the national banks are not involved into the auto sales business and that is why they try to sell such cars at very low prices to get rid of them in quick and profitable for them way.

You can use such policy as an advantage and buy one of repossessed cars for sale in a very good operable condition practically for free comparing with prices they ask for new cars in the showrooms. Besides among repo cars you can find almost new autos which were seized because of credit debts of their owners.

Surely the first question that appears after enumerating all these advantages of using repossessed cars is where you can find them and how to make the best deal when buying such vehicles? Seeking for repossessed cars for sale won t cause any difficulties because there are few places where you can appeal to find numerous offers to select from:

  • banks and other financial organizations to find one of repo cars to buy you need at first to call few local banks, several credit unions and other financial institutions that may be involved into trading of repo vehicles. In any case over there they will advise you where to appeal in order to find repo autos put on sale.
  • local, state and even federal governmental agencies is another place where you can go to buy a repo car. Offices of these organizations are usually located in all big cities as well in small towns so you can easily reach them and find out dates of the upcoming repo cars-orientated public auctions. Besides usually such organization won t demand from you paying a fee for getting an access to such auction as a full-time participant.
  • visit onsite auctions of national or local importance. We can t say whether these or those public auctions held in onsite auction houses are better that appealing to all enumerated above institutions or not but still many dealers and sellers deal with them so you can try your luck and attend one of them at first as a spectator and then as a participant.
  • bid at online and free repo auctions. Such bidding has its obvious risks but if you deal with trustworthy companies selling repo cars online you will manage to buy one of repossessed cars for sale without leaving your home by saving your time and money.

No matter what of offered ways you choose to find a repo car you can use the following tips to buy a repossessed auto with maximum benefits for yourself:

  1. Ask for warranty and insurance documents. If they can t offer you a warranty because of its expiration prepare to the fact that you will have to purchase a warranty in addition to a car.
  2. Always check a car s title all documents proving this or that car s title and records reflecting its history should be given to you as new owner of a repossessed car. Pay attention to this fact.
  3. And at last never forget about asking few questions concerning a repo auto manufacturing. Prepare to buy a car with a color you don t like and never buy at new and creative exterior design giving preference to reliable inner systems instead.

Register at Easyexport Auto Auctions and get the access to repossessed cars for sale!


Standard Bank Auctions for Repossessed Cars #car #stereo


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Standard Bank Auctions for Repossessed Cars

Standard Bank auctions selling repossessed cars for those looking to buy a pre-owned vehicle at a low price are usually handled by Burchmore s and take place in Durban, Johannesburg, Cape Town and a few other areas around SA.

For those who may never have been to one of these events the first thing you need to know is that you will have to pay a refundable deposit if you want to participate in the bidding.

This deposit is usually in the region of R3 000 R10 000 and will depend on the type of car you are bidding on.

Deposits can be paid at the Standard Bank auctions for repossessed cars by bank guaranteed cheque or credit card, you cannot pay this with cash.

After paying your deposit you will receive a bidding number which you can use to bid on the pre-owned car you wish to purchase. If your bid is a successful one, a handling fee will then be required which may vary slightly but at the time of writing this feature, the fee cost is R1 200 plus VAT at Burchmore s auction house.

Image: Burchmores Car Auction

Remember too, VAT will be added to your bidding price and another fee not to be overlooked is a registration fee of around R100 R350.

The car s registration fee will be your responsibility although some auctioneers will offer to register the vehicle on your behalf which you will then have to remunerate.

It is a good idea, if you need vehicle finance, to have everything in place before you start bidding at an auction because the full balance has to be paid within 24 to 48 working hours after close. If for any reason you cannot come up with the money within this time you will lose your deposit.

TIP:

Find out the prices of secondhand cars at local car dealers in your area and get an idea of the price the specific make and models that you are interested in are going for. Follow that rule every time you attend the auctions selling repossed cars and you are half way to picking up a bargain.

Take note of the following reasons why you may choose Standard Bank when looking for a vehicle.

Reason #1: Standard Bank has the experience

Standard Bank has been around for many years and, for a long time, they have been obliged to repossess a range of different items. They chose to do this via auction and they made the decision to run their own.

Thus, Standard Bank has many years of experience in selling assets and items via auctions. They have a dedicated team of staff specially trained to handle the sale of repossessed items and to handle auctions.

Reason #2: Standard Bank auctions have a very wide range of vehicles

Because Standard Bank is so popular and well-known, they are the financial service provider of choice to finance homes, cars and other assets. Because of the sheer majority of people who choose Standard Bank when they need credit, Standard Bank is often obliged to repossess vehicles and other assets.

Because they have to repossess so often, Standard Bank has a very large range of items that they sell. These items vary in age, make, model, condition and price.

Reason #3: They offer vehicles and other assets at decent prices

Standard Bank has many repossed vehicles that must be sold on in order to make back the money that they lost when their debtor did not pay up in full, on time or at all. Because of this, they are focused on getting rid of their repo cars as quickly as possible.

Thus, Standard Bank charges affordable prices for vehicles that would be very expensive anywhere else. You can rest assured that at a Standard Bank auction, you are sure to save money.

Reason #4: They can offer you financing and other services when you shop at their auctions

Because Standard Bank is such a reliable and versatile financial service provider, they offer customers the option of financing as well as a large range of other financial services when they shop at Bank car auctions.

More about Standard Bank

A vast amount of South Africans use them as their bank and apply for loans, vehicle financing, credit cards, bank accounts and investments through them.

Standard Bank has competitive deals and options and they always aim to offer customers great benefits. They are incredibly competitive in the industry and always try to go the extra mile.

What other companies/financial service providers offer auctions?

There are a number of reputable, well-known auctioneering houses who offer good deals on great quality items at auctions.

However, there are also many auctioneering houses that are known for being dishonest and selling assets and items above what they are worth or lying to potential buyers about flaws and faults.

Most financial service providers are obliged to repossess vehicles and other assets and some of them hold their own auctions to sell their goods. However, most of them hand their repossessed goods over to an auctioneering house to sell on for them.


Repossessed Cars for Sale: How and Where to Buy? #economy #car #rentals


#repossessed cars for sale
#

News

Repossessed Cars for Sale: How and Where to Buy?

You have probably seen in the local newspapers and at specific websites print and online ads offering to buy repossessed cars for sale at very affordable prices suitable for every purse even with very low budget. In a case your financial status is not so good at the moment you can also appeal to such ads to buy one of repossessed cars and use it for your personal needs. Nowadays repossessed cars for sale or repo autos are in high demand and that is why they are quite available online and at public auctions and on-site auction venues. The next recommendations will help you to choose among repo vehicles the most fitting to your requests.

At first let s focus on what are repossessed cars for sale and why prices on them are rather low? You will hardly be surprised if anyone says that repo cars can t be compared with salvage autos or even with used cars. It happens so because they belong to a separate class and be categorized to this class only if they were initially seized by different financial establishments like banks from those owners who didn t manage to pay for them due to a credit agreement. Huge governmental financial institutions like the national banks are not involved into the auto sales business and that is why they try to sell such cars at very low prices to get rid of them in quick and profitable for them way.

You can use such policy as an advantage and buy one of repossessed cars for sale in a very good operable condition practically for free comparing with prices they ask for new cars in the showrooms. Besides among repo cars you can find almost new autos which were seized because of credit debts of their owners.

Surely the first question that appears after enumerating all these advantages of using repossessed cars is where you can find them and how to make the best deal when buying such vehicles? Seeking for repossessed cars for sale won t cause any difficulties because there are few places where you can appeal to find numerous offers to select from:

  • banks and other financial organizations to find one of repo cars to buy you need at first to call few local banks, several credit unions and other financial institutions that may be involved into trading of repo vehicles. In any case over there they will advise you where to appeal in order to find repo autos put on sale.
  • local, state and even federal governmental agencies is another place where you can go to buy a repo car. Offices of these organizations are usually located in all big cities as well in small towns so you can easily reach them and find out dates of the upcoming repo cars-orientated public auctions. Besides usually such organization won t demand from you paying a fee for getting an access to such auction as a full-time participant.
  • visit onsite auctions of national or local importance. We can t say whether these or those public auctions held in onsite auction houses are better that appealing to all enumerated above institutions or not but still many dealers and sellers deal with them so you can try your luck and attend one of them at first as a spectator and then as a participant.
  • bid at online and free repo auctions. Such bidding has its obvious risks but if you deal with trustworthy companies selling repo cars online you will manage to buy one of repossessed cars for sale without leaving your home by saving your time and money.

No matter what of offered ways you choose to find a repo car you can use the following tips to buy a repossessed auto with maximum benefits for yourself:

  1. Ask for warranty and insurance documents. If they can t offer you a warranty because of its expiration prepare to the fact that you will have to purchase a warranty in addition to a car.
  2. Always check a car s title all documents proving this or that car s title and records reflecting its history should be given to you as new owner of a repossessed car. Pay attention to this fact.
  3. And at last never forget about asking few questions concerning a repo auto manufacturing. Prepare to buy a car with a color you don t like and never buy at new and creative exterior design giving preference to reliable inner systems instead.

Register at Easyexport Auto Auctions and get the access to repossessed cars for sale!


How to Buy Repossessed Cars #hybrid #cars


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If you re looking for a true auto bargain, learning the techniques to buy repossessed cars can save you a lot of money. Most repossessed cars are sold at auto auctions, so the first thing you need to do is find out what auction houses deal with repossessed cars in your area. Also check with banks and credit unions in your area. They often sell repossessed cars from time to time, too. Some car dealers will put repossessed cars back on their lots, too, so check with local dealers to see if they have any repossessed inventory.

How to Buy Repossessed Cars at Auction

If you find repossessed cars for sale at auction, make sure you find out what the auction houses require before the sale. Usually they require you to register with them, so they can check your credit and determine if you re able to pay for your winning bid. Once you register, you should receive a bidding number, which you can use during the auction. Make sure to inspect the cars you re interested in before the auction. Most auctions offer a preview day before the auction, or time before the auction begins to inspect the items they re auctioning off. Make sure the Vehicle Identification Numbers (VIN), located on the dashboard, driver s door, and on the engine all match. Mismatched VINs can indicate the car has undergone major repairs, or that it s stolen. You can check the VIN number with several reporting services that allow you to look at the car s history, including repairs and how many owners it s had. A large number of owners could indicate that it hasn t been maintained very well. Ask if the auction house has maintenance records, too. In many cases, if the car is repossessed, the owner couldn t afford to maintain it, either, so make sure you know about prior maintenance and upkeep.

Buying Repossessed Cars from Banks and Other Sources

Auctions aren t the only source to buy repossessed cars. Many local banks and credit unions have repossessed cars on their hands, and they re often willing to sell them far below market value. They really don t want to store them, so they are often willing to make really great deals to recoup some of their loss while getting them off their hands. Most credit unions and banks don t openly advertise these cars, so you should contact your local financial institutions and ask them about their procedures.

If you want to buy repossessed cars, do your homework, check out the vehicle history, and perhaps you can find yourself a really good used car bargain.