Liaison for Repo Vehicles
Car dealers always possess full knowledge about these vehicles. They are in constant contact with individuals and organizations who’ve repossessed vehicles and are looking for a way to dispose them off through quick sales. As mentioned above, the general public is becoming increasingly aware of this automobile business because of ready access to auction information over the Internet.
Auction News
Generally, people find out about repo car auctions through multiple channels. Sometimes newspapers publish them as scheduled events under the Public Notices section. At other times, licensed dealers promote these events themselves. People may also come to know about repo auctions from other reliable sources via the Internet.
Logistics of Repo Car Sales
Often one puzzling question in the minds of used car buyers is why the authority who seizes the vehicles doesn’t sell them directly to the public. There’s one simple answer to this. Those who seize these types of vehicles are not car dealers and do not have the logistics to handle sales. Professional car dealers, on the other hand, can handle everything from storage to sales and transportation on a large scale with expertise.
Sold As Inspected
Another thing most first-time car buyers are eager to know is whether these vehicles come with a warranty. There is no simple yes or no answer to that. What one can say best is that these vehicles are sold on an ‘as inspected’ basis. You get what you see. Most dealers offer inspection services on payment of a fee.
Assistance of Professional Mechanic
Prospective buyers can inspect a repo car at a public auto auction before it goes under the hammer. Since dealers and auctioneers don’t allow test drive of these vehicles, the best a buyer can do is to take along a certified mechanic to the auction site to help out with inspection prior to purchase. This is so because most of us are not qualified to judge the worth of a used vehicle on the spot.
No Hidden Costs
As far as the total cost of these repo vehicles are concerned, there’s just a small registration fee and the final sale price. That’s all there is to a repo car auction sale. There’s no hidden cost attached to such vehicles.
Provision for Remote Bidding
Still another advantage of buying used vehicles through this route is one can bid remotely without having to present physically at the site. For instance, bidders can attend auto auctions in Houston sitting in Baytown. So, it is convenient and easy at the same time.
Tailpiece
Don’t forget to do your homework before you become a part of such auto auctions. These sales can turn out to be an amazing deal or a total disaster depending on how you go about it. Remember, the cheap cost aside, buyers can land some of the best used cars at such auctions, given he or she has an eye for it.