Repossessed Vehicles

[Serah Ramdeo]

Hi guys, I’m curious about this bidding process of repossessed vehicles! Can someone shed some light on it for me please? I saw an ad in the papers for bidding so I’m wondering if anyone who has been to this before of they could enlighten me about it thanks bye!!

[torque 4 so]

Hi the bid should not be too ridiculous, it should be about 75% for a current series, or how much you think its worth and how much you are willing to pay

[ck4star]

Bid what u want to pay, but basically they want market value prices unless u know someone on the inside, so although u may make the highest bid, if it’s not close to market value they will re-advertise

[VexXx Dogg]

some repo vehicles may not be worth it.
If they couldn't afford to pay for it, do you think they maintained it properly?
For some people who capable of their own troubleshooting or repairs, it should not be an issue.
If you're an inexperienced first time owner and you're adamant on a repo vehicle, have a solid cash buffer account to tackle unexpected failures/repairs.