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Need help finding online repossessed car auction!?
25th October 2010
I’m looking to buy a car that’s been repossessed because they’re dirt cheap.
I had this one website a few weeks ago that was perfect. Wide inventory, lots of info, cheap starting bids… but i cant find it now. one thing i remember about it is it had these little icons that would say like "runs and drives" with like a screwdriver and wrench on the icon. Can anyone help me out?
P.S.
dont try to talk me out of it. just amswer the question
P.S.S.
"dirt cheap" as in 0-0
Posted in: Auction FAQ | | Comments (4)
4 Comments »
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I believe the site you are referring to may be copart.com. link below…
Comment by Maebelline M — October 25, 2010 @ 4:13 am
99% of all repos are sold at dealer only auctions.
Less than 5% buy online.
Cheap starting bids are meaningless if their buddy is by bidding. That happens all the time at both online and in person auctions.
Most cars are not "dirt cheap" unless they are not running and its presumed to be because of a bad motor/transmission.
Comment by n — October 25, 2010 @ 4:13 am
Most of those online repo auction sites are scams. That’s why you’re having a hard time finding it. They’ll pop up, suck thousands of dollars out of people stupid enough to wire money, and then go away. A week later they’re back, same scam, different website.
Repo cars are not "dirt cheap". As "n" said above, they are sent to dealer-only auctions or sold directly by the lending institution before being sent to auction. There is no magic way to get a repo’d car for pennies on the dollar.
Hopefully you’re not sucked in to one of the sites offering "repo" cars like Porsches and Corvettes for $5000.
Copart is the only one I know of that’s 100% legit. And it also lists the perceived conditions of the vehicles on the ad.
Comment by ElGrande — October 25, 2010 @ 4:13 am
This site is where you can get information on car auctions that take place in your area
http://best-offers-online.com/gov-auctions
Comment by Joy Plant — October 25, 2010 @ 4:13 am