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Question by theocroxs2001: is it a good idea to buy repossessed cars from those auctions?
I am 16 years old, times are extremely tough right now and i definitely need a car… im getting my license soon so i have been looking into options.. i cant spend like more than a couple thousand…. and someone told me that you can go to auctions where the gov/banks repossess cars and you can get nice cars that are new and have great mileage for cheap….i looked on some sites and saw like examples of their sales.. example was a mercedes 4 dr sedan sold for 2000.. from the year 2003…so what im asking is.. is it a good idea if youve done it before please tell me and if so do i have a good chance of getting a great car at a cheap price.. are all the cars pieces of shit? thanks…

Best answer:

Answer by eddie b
it is not a good idea. Im 17, i looked into that too when i was 16. The thing with auctions is that u cannot test the vehicle b4 u buy it so u dnt kno wat u get. I bought my first car at a dealer for 2000 dollars even, so just look around on websites like craigslist and check out lots of cars, turn them on and drive them, take your dao or uncle or sum adult with u, good luck

What do you think? Answer below!

3 Comments »

1. 

   some of the cars are good and some others are not. Usually when someone losses their car its because they could not make payments. I would have a trusted mechanic look at the car before you buy. good luck!

   Comment by packerfan — June 9, 2011 @ 2:48 am

2. 

   Not recommended…

   Buying repossessed cars… especially from auctions that general people will have access with… Most likely, they aren’t really cheap. You may find something cheaper than usual, but you need to take a greater risk for buying a junk – especially you are first time buyer that you know less with cars. The car that is too check usually means it got some problem. YOu got less experience with those things. Unless you got a friend with works with dealer to go with you. It it better to buy from private seller.

   The repo cars auction also may not have the car title etc. It is much more complicated than just go to dealer and get it.

   Comment by cmui1978 — June 9, 2011 @ 2:57 am

3. 

   It’s a good option if you’re going to buy your first car there because you can get something really cheap, but dependable. Most of them are in pretty good condition since the only reason they are being auctioned off is because the owner couldn’t afford to make the payments. I bought my first car from an auction and saved $ 3,000. It only needed a new alternator which was only $ 100 to fix. So I say you can get a pretty good deal there. Just bring a mechanic with you to give it a look around because they are sold in as-is condition.

   Comment by CarmelKM — June 9, 2011 @ 2:58 am

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