- Image via Wikipedia
Do you ever wonder what happens to cars after they get repossessed? Well, you should know they don’t go back up for sale at the same car dealership. They go to repo car auctions and handled by a company that auctions them off for the car dealership. Repo’s can be purchased through online auctions or even live auctions that are held at certain times of the year.
When cars go into repossession they could be damaged or missing parts that the previous owner has taken out, that’s why they place them up for auction to make their money back or a little more. Repo auctions can place all kinds of cars up for auction, which could be repossessed vehicles, totaled vehicles from insurance companies and cars that need to be sold fast from the dealership.
If you’re a car dealership and want to have a fast sale on a car that’s not going to sell, you should try a car auction. You might find that repo’s can be the best for buying a car cheap, because they have a title that’s clean and more then likely not wrecked.
The next car dealership you come across that has no credit or low credit approved, you could be buying cars they buy from a repo auction. The auction gives the dealership a chance to buy a car to sell to those that need one and make more profit. Why not skip the car dealership and go straight to the repo car auction. You’ll save yourself a lot of money because you’re cutting out the middle man.
Related articles by Zemanta
- BidRodeo.com – Bid On Online Auctions (killerstartups.com)
- Credit lines dry up for auto dealers (money.cnn.com)
Government Car Auctions
Posted under Repo Car Auctions
This post was written by admin on March 21, 2014
Without a doubt the best place to buy bargain repossessed cars is at a car auction.