Posted by bill 2 years ago In:

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bill
bill Asked:

Bank repo cars, government repossessed cars?

Bank repo cars, government repossessed cars?

Any advice, it possible to find deals?

Have you ever purchased any seized, impounded or bank repo cars for sale, were there problemst? Did you manage to get a good auction price compared to the real value?

What are your experiences been with government repo cars, or bank repo cars for sale?

Appreciate it.

 

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andy
andy Answered:

Thanks I was looking for info on how to get cheap bank repo cars ...

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liam
liam Answered:

Once the default has been made and they send the legal notice that terminates the original agreement and they are now technically owner of the vehicle.

You can talk and offer to pay double the monthly payments in order to make up, but  if they dont' accept then there is little that you can do.

ADD: I have visited the site and found it extremely helpful. thanks again for the thread.

Ta

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john
john Answered:

Generally government repo and seized cars are reliable, it's also possible that you can buy a brand new car off the lot & have problems, low chance, but nothing man made is guaranteed.

ADD: After struggling for quite a long time to find the answers I was looking for, I have taken Estella's advice and decided to pay for good service. I will never regret it, I got my answers in less than 20 minutes!! fantastic!

 

Thanks again!!

Cheers

J.

 

 

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jane
jane Answered:

Is it possible to buy really cheap  bank repo cars at auctions?

 

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andy
andy Answered:

You record is permanent.. it doesn't "age out".

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jane
jane Answered:

Call the local county assessors office. You also need to ask them the process. Most states auction them off on the courtyard steps once a year.

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