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Where can I find police auto or repo auctions?
May 02, 2009 by decemberkitty02 | Posted in Other - Cars & Transportation
I'm looking for police auctions for cars or repo car auctions online or in PA ... free would be a huge plus... but I've signed up and paid for one and it was a fake so I want to know its a 100 percent real! Thanks!
These should be avoided; you don't know the condition of the vehicles, the maintenance history, or anything important when purchasing a car from either one of these places. Look at www.autotrader.com or another reliable 'site. Be sure to see the car in person 1st before any $$ changes hands. Be wary of some of the websites (won't use names but one ends with "list")...lots of ripoff people out there :}
not 2 B fooled | May 02, 2009
you should be able to find these in your local newspaper under auction
Locksmith | May 02, 2009
What's the deal with online repo auctions?
Jan 26, 2008 by oceaneyes519 | Posted in Buying & Selling
I found a website that for $20 you get a listing of repo and government car auctions in your area...it claims to be completly legit but is it for real? Has anyone dealt with a site like this before? Are there requirements of the buyer?
Since there are auctions taking place all over the country almost every day, it's a lot of work to find them. A directory service can save you a lot of time and work. However....if you use this approach make sure you buy from a service that has a money-back guarantee if you don't find the information useful. Here's an article with much more detail:
it sounds laget but it could be a scam there are alot of repo auctions around so it sounds good plus if it is a scam it only sets you back $20 but it sounds real try it
vinny d | Jan 26, 2008
It's legit. It's the same as a forclosure list. Each auction will state the terms. Some are dealer-only auctions while others are open to the public. If you are looking for a late model car, chances are you wont have access to them. The public auctions are the ones that deal with older model/high mileage units. Don't go in expecting a 2006 BMW or something like that for $1,000 no matter what the email says. That's just a hook.
thorno74 | Jan 26, 2008
Do those car repo auctions actually save you money?
Dec 21, 2007 by banana | Posted in Buying & Selling
has anyone bought a car from a repo auction?
any tips?
yep.
It is an auction so you can bid as high as you want.
You can get a really low price on a good car. But most are just junkers.
USMCstingray | Dec 21, 2007
There are a couple dealerships in my town that sell auction cars, but they never really admit they are auction cars because the auction cars have so many problems or at least most of the time. I don't think I would get one unless I was really desperate.
thehereyes | Dec 21, 2007
i have bought from some at re-po auctions they will save you money if you know how to buy a car,and you have to look over them really good,take someone with you to look them over and then you might get a good deal,sometimes the ones that look real good aren't always the best deals,be careful this is a good way to loose money because all sales are final,good luck.
dodge man | Dec 21, 2007
yes, but have an idea of what the vehicle would be worth first.....i have bought a number of vehicles that way, and resold them for a nice profit....the secret is not to pay tomuch...
gentlebear3102 | Dec 21, 2007
A small used-cars dealer do it all the time. They buy the auction car, fix it and sell it in their dealership.
This is no different than flipping houses. Same idea. You can make money if you know what you're doing and lose a lot when you fail.
Vince | Dec 21, 2007
yes they do at the current time, but they will die quicker and you will have to buy a new car sooner
Adam D | Dec 21, 2007
In general I would say it is not a good idea to buy a at a repo auction. A closed dealer auction is an entirely different thing, and if you had acess to a dealer auction, then that would have good cars at wholesale prices.
You may save some money on the sale price, but you need to add in some other factors, major failure risk, ie tranny, engine, AC, etc is bad. You can look at the car, but not really inspect it. Which some dealers and private sale customers may or may not allow you to do. But in a private sale, if the owner is driving the car every day, has repair records, and the car is clean, I would trust that more than a repo.
Minor damage. A lot of repos are damaged and that adds up, the user is usually not taking care of the car after defaulting on the loan, and may actually be abusing the car.
Selection risk, you don't really get the car you want, ie color and features, miles, etc.
Title risk. Are you sure the title is clean? The car may show repo on title search, and that may impact your ability to sell the car and the price might be lower than average.
If you were a mechanic or had a personal connection, you might be able to mitigate your cost risk as say replacing brakes, fluids, re-charging the AC, etc would not be as expensive as the going market repair prices.
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Gatsby216 | Dec 21, 2007
This year my company has taken 4928 repod units to the auctions. I know exactly what I am talking about.
If you seen 97% of these units when we repo them, you would not want to sit in one little lone buy it.
You get no history on the unit. You can not go to the auction and do a carfax on what you might like, it is "As is; where is; how is"
They do not let you drive them, however they do let you pre-inspect. Unless you have a crystal ball, or are an master tech., I would leave it alone.
I seen a 2007 Electric Blue Mustang go at an auction here for less than 5,000.00, I also seen the dealer that bought it have to have it towed out of the parking lot where it quit him.
Sure you can save money if the unit hold together, if it falls apart in the parking lot, it is yours to fix.
Good Luck and Happy Holidays.
Gone By Dawn | Dec 21, 2007
looking for repo auctions open to the public?
Apr 30, 2007 by zerocool8122 | Posted in Buying & Selling
Anybody know of any good repo auctions open to the public.
In California you need a dealers license.
iamacarguyru | Apr 30, 2007
How do i find out where auto repo auctions are...i need a car and my credit is poor!!?
Feb 19, 2009 by jawhar_2 | Posted in Buying & Selling
I live in colorado!!
Most repo auctions are closed to the general public. They are auctions for licensed dealers only. Try searching for public auto auctions.
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