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Client: Frank T. (Buffalo, NY)
Vehicle: 2003 VW Passat
Book Value: $17,789
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Vehicle: 2002 Ford Expedition EB
Book Value: $18,944
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Vehicle: 2002 Hyundai Elantra
Book Value: $9,975
Purchase Price: $475
Savings: $9,500

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government/bank auction car?

9th December 2011

Question by Tony: government/bank auction car?
Anyone buy an auction car before, please tell me your experience with it, can you really find and decent vehicles at the auction? I know that they sold the car as is and there’s no warranty or return. Is it worth the risk.

Where can I find local listing for bank/ government repossess car auction. There are a few site on the internet claiming to have listings for this, but they don’t look very credible.

Best answer:

Answer by FleetTech
Ask your local banks how they sell their repossessed vehicles. Some auction them off, others just take sealed bids.
Here In Ohio a company called Skipco has auctions of repos and seized vehicles .
Yes you are taking a chance as you do not get to test drive them, just inspect them an hour or so before auction.
But if you get it cheap enough you can afford to make some repairs.
www.skipco.com

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Question by yellowbone242004: Are there any free government auctions?
I want to buy a car but all the government auctions on the web charge a fee to help u find the car u want.

Best answer:

Answer by dave007
My experience in vehicle purchasing dictates that if you’re not willing to do a little leg work to investigate vehicle purchases then someone else will have to and that individual wants to get paid. Government auctions on the most part sell vehicles in AS IS condition. No warranty implied or expressed. You will have to bring the vehicle to a mechanic after-wards to ensure that all the safety aspects of the vehicle are with government tolerances, including emissions in some States. Unless you’re familiar with the ins and outs of purchasing a vehicle in this manner, I would suggest you visit your local dealership and go with a knowledgeable individual to work out the best deal possible.

Hope this helps.

Cheers

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on municibid.com, Government Auctions: www.municibid.com
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Question by oceaneyes519: What’s the deal with online repo auctions?
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?

Best answer:

Answer by chelle B
scam…

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