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Buying repossessed car?
18th February 2010
I am wondering if I should buy car that was repossessed. Bad thing about this is I cannot test drive the vehicles since I will be buying it on online auction. (It is very reputable, Manheim). Usually manheim inspectors note any dashboard lights, unibody/frame damages and in case with this car it doesn’t seem like it has any problems.
So do you guys think that person who had this car before totally misused it and could have caused some major damage? Or if I get it I should immediately change all oils etc and it should be fine?
Posted in: Auction FAQ | | Comments (4)
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Repos in general are a mixed bag. Sure, there are lots that are well kept cars, and the owner fell on hard times. Especially now. But there are also many that the owner knew would be repo’d so they flogged them to death.
With Mannheim, you can hire an inspector to look over the car on your behalf. I don’t know what the fees are, since I have never done it. But the service is available. If you can do that, and have an independent party tell you what he sees wrong, then its probably not a bad thing. I would be hard pressed to buy any car at auction – repo or not – unless I had it inspected, or looked it over myself.
Comment by xx_satanic_mechanic_xx — February 18, 2010 @ 4:15 pm
I’ve repossessed many vehicle’s in the past years, i don’t believe there’s over 10% of the people that gets repossessed would do anything to damage the vehicle. Most of them are hard working people that run into hard times . Yes you might get a bad one every now and then,ut that’s the way the game is played.
Comment by Handyman — February 18, 2010 @ 4:15 pm
You should also consider that such a car may be expensive to insure. Check your insurance rates before buying one, for example here – carinsurance.yoll.net
Comment by Clay — February 18, 2010 @ 4:15 pm
how can you ask on here if the person who had it before took care of it or abused it? how should we know?
you just have to take the chance, you’ll be able to get it for real cheap so keep it for a couple of weeks, if you don’t like it sell it for what its valued at or just under, you’d make a profit
just because someone didn’t pay the payments doesn’t mean they took care of it or misused it
but if you decide to keep it then ya change the oil at least
Comment by ChevyPride0310 — February 18, 2010 @ 4:15 pm