Repo Auto

[melissa98neonrt 10+ year member]

I was told that I could buy a Dodge Neon SRT-4 for very cheap from a source that has reposessed the vehicle. Is this true? If so, what are the pros and cons? Anyone with any information would be apreciated.//content.invisioncic.com/y282845/emoticons/veryhappy.gif.fec4fed33b4a1279cf10bdd45a039dae.gif

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[CapzNCoilz 10+ year member]

repo'd cars are usually Piece o' sh!t.

be careful

 

[Rich B 5,000+ posts]

The biggest con would be buying a reconizable car that had been repo'ed when you live in the same area it was repo'ed in.//content.invisioncic.com/y282845/emoticons/uhoh.gif.c07307dd22ee7e63e22fc8e9c614d1fd.gif

The prior owner might not be a nice guy.

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[melissa98neonrt 10+ year member]

That's what I'm afraid of. They probably aren't inspected and "tuned up" as would a vehicle from the dealership. I guess my biggest question is WHERE do they sell repo'd cars?

 

[Crown_amps]

have someone handy look it over mang

 

[Louisiana_CRX 5,000+ posts]

Watch out for scams...make sure you can see and test drive the car....before buying...a lot of repo cars are flood cars...they look very nice still on the inside and out....

 

[Benilson09 10+ year member]

It is hit or miss really, you stand to save some money but you also stand to spend a lot of money in repairs. Of course a lot of used cars are previous repos, then taken to a dealer auction and placed on a used car lot. Alot of times there is no difference in the car when you buy it at the auction and when you buy it at the lot. The best advice would be to thoroughly inspect the car, take someone with you that is very knowledgeable about cars if you are not. Have your mechanic inspect it, find out as much info as you can about the car. I work for a finance company and I repo vehicles often, I personally wouldn't touch most of the cars that come back. If you look and are careful you can find a good deal, just don't be an impulse buyer.

 

[melissa98neonrt 10+ year member]

Where do I go to find these cars?

 

[Louisiana_CRX 5,000+ posts]

shop around for good deals in thrifty nickel...online...buyers newspapers...etc...I've had a couple of vehicles repo'd...i wouldn't ever buy them back....after i knew they were going i didn't care what happened to them....i had a friend drain his oil in his and pour some of that stuff advertised on tv in his engine to see if they could really run without oil....The lesson learned was don't beleive everything you see on TV //content.invisioncic.com/y282845/emoticons/wink.gif.608e3ea05f1a9f98611af0861652f8fb.gif

 

[Benilson09 10+ year member]

Where do I go to find these cars?

Auto auctions, or if you go in to title pawn places and talk to the manager a lot of times they will take you to the impound lot and let you have a look.

 

[jmanpc 5,000+ posts]

Repos are pretty good. My family owns 2 repos, and we've had no problems with them. (My father works at a dealership, so we have access to good auctions) Since they usually come from.... interesting... people, you'll get some interesting things with them. My sister's car smells like an Indian person's house (and yes, I know what that smells like- many of my neighbors are Indian). My mom's car had carpet inserts in the door handles that were sticky, and an alarm that shut the car off randomly.

But other than that, they've been great.

 

[reneeb7363 10+ year member]

ever check out http://www.propertyroom.com... just one of many sites...

http://www.stealitback.com

http://www.policeauctions.com/

http://deaauctions.com/

 

[crunktimes.com 5,000+ posts]

Pay a dealer $200 to bring you to an auction and you will find some deals. You do need to be kind of familiar with cars to look it over and kinda of get a rough idea of what kind of shape it is in.

 

[bumpinne0n 10+ year member]

That's what I'm afraid of. They probably aren't inspected and "tuned up" as would a vehicle from the dealership. I guess my biggest question is WHERE do they sell repo'd cars?

Most repo'd cars are sold at dealer only auctions.

Watch out for scams...make sure you can see and test drive the car....before buying...a lot of repo cars are flood cars...they look very nice still on the inside and out....

Not really, depends where you live I guess.

We've bought cars that had been announced as flood, but weren't really flood cars at all, if that makes any sense. They had been on a dirt road and the auction, in order to cover their ***, declared them a flood vehicle. Also, if the area you live in shows up on Carfax as being a "flood disaster area" then the car will be announced flood, regardless of whether or not it actually is. That's just a step the auctions take to cover their ***, so they don't have to buy the car back from the dealer.

Repos are pretty good. My family owns 2 repos, and we've had no problems with them. (My father works at a dealership, so we have access to good auctions) Since they usually come from.... interesting... people, you'll get some interesting things with them. My sister's car smells like an Indian person's house (and yes, I know what that smells like- many of my neighbors are Indian). My mom's car had carpet inserts in the door handles that were sticky, and an alarm that shut the car off randomly.
But other than that, they've been great.

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Pay a dealer $200 to bring you to an auction and you will find some deals. You do need to be kind of familiar with cars to look it over and kinda of get a rough idea of what kind of shape it is in.

The dealer that you're paying $200 is risking having his auction membership revoked. The largest vehicle auction company in the U.S, Manheim Auctions, owned by Cox Communications has got a pretty strict policy against it. If you go in there as a "driver" or "guest" they won't even let you in the lanes, you have to sit in the cafeteria or leave. They literally have guards standing at the door making sure you have an auction number. There's another company called Adesa, and they do the same thing. Most of the independents around here are doing the same as well. There are ways around it, but if the auction found out, they would have problems with it, especially since it would be a retail customer.

I can get in them by using my grandparents' access card when I'm with my dad. We probably wouldn't get in trouble for it, but they would really be pissed if we were bringing in retail customers and found out we were charging them $200 each..

I was told that I could buy a Dodge Neon SRT-4 for very cheap from a source that has reposessed the vehicle. Is this true? If so, what are the pros and cons? Anyone with any information would be apreciated.

A used SRT-4 is going to be a hit or miss vehicle. It's either going to be nice, or it's going to be shit, plain and simple. There aren't any in-betweens with those cars..all the ones I've looked at on the sales lists online have either been extremely nice or they've been a dogged out piece of shit. So yeah, make sure you know what you're getting before you buy it. Good luck //content.invisioncic.com/y282845/emoticons/smile.gif.1ebc41e1811405b213edfc4622c41e27.gif.

 

[melissa98neonrt 10+ year member]

Thanks guys.