Are you thinking about buying an auction car? No matter where you live, you can find high quality used cars at a great price. Many of these vehicles are seized property, meaning that they are the result of foreclosure, repossession or de-fleeting. Most are in decent condition but need a little bit of TLC from being previously neglected.
There are pros and cons to buying auction cars. As long as you do your research and account for some of the maintenance costs that might turn up, you can enjoy more advantages than disadvantages!
Pros of Buying an Auction Car
- Wide selection. Many car auctions have an impressive selection of economy cars, trucks and SUVs to choose from. You might have to sacrifice on certain features, but you shouldn’t have any trouble finding a suitable vehicle for your needs and budget.
- Great value. Car auctions deliver some of the best prices you can find on vehicles. Fleet and government vehicles are usually cheapest, but you’re certainly not limited to them. RepoFinder has a huge database of modern repo cars, SUVs, pickup trucks and recreational vehicles – find your match today!
- Fast turnaround. Unlike traditional car dealerships, auto auction sellers are looking for a quick sale. If you know what you want, you can narrow down your options and start bidding right away.
- Low investment. Repo cars are an excellent option for certain drivers. A new driver or a college student who’s only home half the year can benefit from a low-investment auction car.
Cons of Purchasing an Auction Vehicle
- Lack of test drive. You’re not always able to test drive an auction car before you buy it. This means there’s always some risk involved when buying these vehicles. Make sure you do a thorough visual inspection and look up the car’s history report before signing anything.
- No warranty. While you might be able to get the original warranty passed down to you, auction cars are as-is sales. Whatever problems the car has, you inherit.
- Unclear background. It’s not always easy to know the history of a repo car because it came from an owner who stopped making their payments. Most sellers disclose as much information as they have, but this information isn’t always available.
Shop for Repo Cars Today
The best way to know if an auction or repossessed vehicle is right for you is by trying out the process for yourself! RepoFinder has the nation’s largest database of repo economy cars, 4WDs, sports vehicles and crossovers. Our database is free to browse, but if you want the full features, RepoFinder Pro is just $4.95 a month – no contracts, cancel anytime! We have many like-new vehicles at great prices. Try us out today!