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"I was looking for a car through AutoTrader, but decided to join Gov-Auctions.org and I bought my new car and saved over $8700"

Client: Frank T. (Buffalo, NY)
Vehicle: 2003 VW Passat
Book Value: $17,789
Purchase Price: $9,050
Savings: $8,739

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Client: Chris W. (El Cajon, CA)
Vehicle: 2002 Ford Expedition EB
Book Value: $18,944
Purchase Price: $8,000
Savings: $10,944

"I didn't think it was possible to buy a reliable car for under $500. WOW! I own my car for the same price as other people's monthly payment"

Client: Cliff S. (Ft. Worth, TX)
Vehicle: 2002 Hyundai Elantra
Book Value: $9,975
Purchase Price: $475
Savings: $9,500

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I’m 16 and i’m going to be getting my license soon. I was going to go to the Auto auction and buy a repo.

Idk if i should my mom made a good point.
and is there any good site that i can go to look at an auctions inventory without paying?

"What if someone found out they were loosing that car and screwed with it and put salt or sugar or something in the gas tank, that car will screw you over"

i was shooting for someone of 2007 or newer.

Should i do it? or do what my mother said?

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6 Comments »

  1. Do your research before you buy any car because there is no warranty at auto auctions.

    Comment by jason — October 31, 2010 @ 6:38 am

  2. Forget it. Repo auctions offer no warranties nor let your mechanic check them before the sale. If you want a repo then buy it form a dealer like I did.

    Comment by The Raven — October 31, 2010 @ 6:38 am

  3. You might think about attending local non repo auctions. A lot of decent cars run through them, Just be aware they have no warranty, and are sold as is.

    Comment by Mike S — October 31, 2010 @ 6:38 am

  4. "What if someone found out they were loosing that car and screwed with it and put salt or sugar or something in the gas tank, that car will screw you over"

    I see you working, but someone who is getting a car repoed won’t have the money to afford sugar or salt that they should be using as a meal three times a day, anyway.

    That kind of bozo won’t be maintaining that car via oil changes, putting tires on that car, tune ups, etc. As bad as insurance will be on a car that new for you, you don’t need unwarranted repairs on top of that as well.

    Comment by alfredb1979 — October 31, 2010 @ 6:38 am

  5. You can look at the huge choice they have at http://www.manheimremarketing.co.uk/buying/ without paying anything! You can narrow down your search to see what you want and check if they have the manufacturer’s or seller’s warranty. This will assure you the rest and you can simply bid for the car.
    But buying a repo car is always a burden on shoulders until and unless you are getting some warranty from them at least for an year!

    Comment by Suzane — October 31, 2010 @ 6:38 am

  6. Most of the time the owners of the repossessed cars are taken when they least expect it and even at wee time of the day. I think it’s your bet bet to buy one because its cheap! Besides even if you were to buy a car from a private dealer the car would not have a warranty so what’s the difference from when it’s repossessed? You get what you pay for but in some cases more!

    Comment by M3..MYS3LF...N...I — October 31, 2010 @ 6:38 am

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