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I’m looking for a new car, I’ve seen a couple of websites that specialise in finance repossessions and customs/excise seized vehicles.

Are there any hidden dangers in buying a repossessed car? Do they have to be re-registered or anything like that?

6 Comments »

1. 

   check if the car has been serviced,if they couldn’t keep up the repayments they may not had it serviced,also check the car over,the rac or aa do car checks,it may cost you,but it can save you grief,best of luck mate.

   Comment by damian — March 6, 2010 @ 6:37 am

2. 

   believe it or not a lot of new dealers buy repo’s from auction they just never tell you the best advice i can give anyone is take any car to a garage give the guy $100.00 bucks to check it out from end to end.. i know $100.00 sounds like a lot of money but it could save you thousands in the long run…and if the car is right you have saved money if its not you have saved money

   Comment by carman1234 — March 6, 2010 @ 6:37 am

3. 

   ummm the only thing i can think of is mechanical problems or electrical problems…. bu the dealer is suppose to do a check on these cars when you buy them, but no honestly i cant think of anything hidden fees whize you might ncounter

   Comment by longstroqz — March 6, 2010 @ 6:37 am

4. 

   No, its much cheaper ….if youre very concerned you can hire a mechanic to have a look at the car you want to buy..

   Comment by Alexia Cathy Sharon M — March 6, 2010 @ 6:37 am

5. 

   Well i would imagine that finance companies and customs and excise have a particular duty when selling off these vehicles more so than your average joe bloggs- so i guess it would be alright.

   Comment by Libby one and only. — March 6, 2010 @ 6:37 am

6. 

   Yes there are hidden dangers. Repossessions are vehicles that are taken back from the buyer by the finance company because the buyer stopped making their payments. Many times these vehicles have been abused and neglected. People who have pride of ownership take care of their vehicles and make their payments as agreed. Sure, you may find an occassional cream puff, but that would be the exception. Of course the vehicles have to be re-registered. That happens anytime there is a change in ownership.

   Just read some of the questions here from clueless people who can no longer afford their payments for whatever reason and they will do anything to get out of their contract. Do you think they take really good care of their vehicle?

   Comment by Scott H — March 6, 2010 @ 6:37 am

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