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Subject:
downside of buying a repossessed car in an auction?
Category: Sports and Recreation > Automotive Asked by: gremlin-ga List Price: $2.00 |
Posted:
25 Jun 2003 23:14 PDT
Expires: 25 Jul 2003 23:14 PDT Question ID: 221857 |
I'm looking to buy a 2002 or 2003 Honda Civic. One option is to go to an auction and buy one that was repossessed. I'm concerned that, if I buy a car this way, it's more likely to have been mistreated by it's previous owner and have hidden problems, compared to if I bought an ordinary used car. One person has suggested that, so long as it's been inspected, I shouldn't worry that much about major problems popping up down the line. I'm still not sure. Can you find information on whether or not this is something I should be worried about? If so, how much of a problem is it? This is in follow up to some comments on the questions "when do the 2004 honda civics come out?" |
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There is no answer at this time. |
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Subject:
Re: downside of buying a repossessed car in an auction?
From: neilzero-ga on 26 Jun 2003 08:55 PDT |
I usually figure it is best to buy a used car from a private party. If I get stiffed, odds are it was some poor slob with hungry kids, instead of a rich slick and fast talking businees person. To me the biggest downside to buying at a repo auction is you need to learn the details of how it works, to avoid paying too much. My guess is it only 1% more likely to be abused than a used car from an average source, so it is a consideration, but not a major consideration. Where ever you buy, an inspection by a mechanic you have confidence is money well spent. If the confidence is lacking, you are best off to do your own inspection as best you can. Neil |
Subject:
Re: downside of buying a repossessed car in an auction?
From: cynthia-ga on 26 Jun 2003 09:07 PDT |
Depending on the auction, you can inspect the cars just prior to the auction, with your mechanic. I have bought cars at auction twice and been very pleased with the results. I prefer not buying from a private party or slick auto trader that is more likely than not ACTIVELY lying to me... At least when it's my mechanic looking --with no input, I get a fair assessment. ~~Cynthia |
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