I was thinking about buying a car and heard people bought cheap auctioned cars. but how come everyones not buying them? whats the downside? and is there anything you need to know when your bidding on one?
2007-04-04 12:34:38 · 5 answers · asked by Tin Tran 3 in Cars & Transportation ➔ Buying & Selling
Everyone is not buying at auto auctions because most require a dealer's license. Aside from that, any car you buy there is, like most used cars, sold "as-is". Also, you have no information about the history of the car or its previous ownership. I am sure there are many good deals available if you choose wisely, though.
2007-04-04 12:41:09 · answer #1 · answered by Aldo the Apache 6 · 0⤊ 0⤋
convinced and no. extremely some vehicles that finally end up at auctions are vehicles that were repossessed on undesirable loans and the commercial company sells the to an public sale backyard automobile for in spite of it may get to shrink it really is losses. regrettably, the former proprietors of those vehicles comprehend that they'll lose their vehicles so that they trash them. when it comes to police impounds, those vehicles were usually towed by technique of the police for a parking violation, or possibly the driver became stopped and arrested. In those situations the expenditures to reclaim the vehicle upload up so quickly that the owner can't have adequate money to get his automobile decrease back. The police then promote the vehicle for in spite of they could get. In both case paying for a automobile from an public sale would properly be extremely volatile yet besides extremely helpful if you're prepared to placed some money into upkeep and also you're attentive to what you're paying for.
2016-12-03 07:17:51 · answer #2 · answered by ? 4 · 0⤊ 0⤋
Hi,
Maybe its because no people know about that them anyway
you can find thousands of different auction and repo cars really cheap at http://www.carauctions.co.nr
Hope this helps
2007-04-05 03:11:15 · answer #3 · answered by John N 4 · 0⤊ 0⤋
I'm not sure, but at the impound auction, I don't think you can license them to be back on the road.
2007-04-04 12:43:20 · answer #4 · answered by Fordman 7 · 0⤊ 1⤋
first off, the owner didn't want it back bad enough to come get it. second, it's in impound because the police put it there most times. third, if the second instance is true, a criminal is walking around with a key to your car, just hoping to find it someday. a few things to think about
2007-04-04 12:39:30 · answer #5 · answered by michael_oxgood 4 · 0⤊ 1⤋