Standard Bank Repossessed 2 Bedroom House for Sale For Sale in Vosloorus – MR29497, repossessed cars for sale.#Repossessed #cars #for #sale


15829 UMVEMVU EASTFIELD VOSLOORUS EXT 16 – MR29497

Standard Bank Repossessed Property

Highest Received Offer was R 33,000

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Repossessed cars for sale

Property has been sold

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Repossessed cars for sale

Repossessed cars for sale

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Key Features

Rooms

  • 2 Bedrooms
  • 1 Bathrooms
  • 1 Living Rooms

Kitchen

  • Kitchen

More Features

  • Property Type – House
  • Seller Type – Standard Bank Repossessed
  • Erf Size – 335m 2
  • Price per square erf meter – R430 per m 2

MyRoof Stats

  • 23435 Views

Location

Please Contact Us should you have any queries.

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Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Repossessed cars for sale

Bank Repo

General information on buying PIP or Bank Repossessed houses:

  • No transfer duty is payable by the purchaser. (Buying a bank repo is a VAT transaction, which is already included in the purchase price)
  • Property rates and taxes (including all arrears amounts in this regards) will be paid by the Bank until the date of registration.
  • All properties are sold voetstoots (meaning as is).
  • The Bank does not warrant that the Purchaser will be able to obtain vacant occupation of the property.
  • Where the property is guarded, an appointment must be made with the specific security company prior to viewing the property.

Important Information

  • You are currently viewing a ‘property in possession’, or bank repossessed property.
  • This means that the property is being put up for sale by the bank, following the bank having obtained a court judgment against a prior owner of the property against whom the bank instituted legal proceedings.
  • This also means that should the court judgment which the bank obtained be set aside or become unenforceable for any reason, the bank will no longer be able to sell the property.
  • Should you therefore conclude a sale agreement with the Bank for the purchase of a bank repossessed property, and the court judgment in terms of which the bank has repossessed the property is set aside, or becomes unenforceable for any reason, the bank will be entitled in its sole discretion to cancel the agreement, and you will have no claim against the bank of any nature arising from the bank’s cancellation of the agreement.
  • If you choose to purchase the property you are currently viewing, the sale agreement which you will be required to sign will contain terms and conditions setting out the bank’s rights of cancellation as explained above.

If you are interested in buying this Standard Bank Repossessed Property, you can make a Pre-Auction Offer now by clicking on the Place Pre Auction Offer button. Online offers take less than one minute to do.

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Notes by Standard Bank

This is a Standard Bank Repossessed Property. Standard Bank uses your Pre-auction offer to determine which properties go on auction next. All online bids and Pre-Auction offers on Standard Bank’s Repossessed properties must be logged on this system. Email any queries to [email protected] .

The steps involved in buying a repossessed property on online auction is similar to that of buying any other property at an auction. If your bid is found to be successful at the end of the auction after the auction closed, you will receive an email to notify you, which will contain the Conditions of Sale contract as well as instructions to pay your 10% (or more) deposit. At this stage you will have 48 hours to pay your cash deposit in order for Standard Bank to proceed with the transaction. Once your deposit is paid Standard Bank will require you to complete and sign the Conditions of Sale contract and fax to 086 517 0269 along with a certified copy of your ID book as well as proof of residential address (water and electricity bill). If you require finance for this property, you can apply at any bank for a bond, as you would do on any other property. You need to take the signed Conditions of Sale contract to them with the application documentation. Please take note that according to CPA regulations obtaining finance can not be a suspensive clause in the contract. Read Standard Bank frequently asked questions for more info about Standard Bank Repossessed Property

Standard Bank Disclaimer

This list is produced by the Standard Bank of South Africa Ltd (“the Bank”) for information purposes only. All properties are sold “voetstoots” (meaning as is), and prospective purchasers’ are advised that the Bank does not guarantee vacant occupation of the properties being sold, and purchasers will have to obtain vacant occupation at their own cost. You are advised to consult the relevant Deeds Registry Office for accurate information pertaining to a particular property, such as size, endorsements, servitudes etc. By making an offer on any property advertised on MyRoof.co.za, online, or using any other medium you warrant that you understand that making an offer is not a bidding process and Standard Bank, in its sole and unbiased discretion, and for whatever reason retains the right to accept or reject any offer at any time for whatever reason and is not obliged to accept the highest offer. All users of the information on this website do so at their own risk. Neither the Bank nor MyRoof.co.za will be liable for any losses of whatsoever nature incurred, as a direct or indirect result of the use of the information on this list.

Erf Details: 15829 UMVEMVU EASTFIELD VOSLOORUS EXT 16 – ERF 15829 VOSLOORUS EXT 16 BOKSBURG

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Notes about this property by MyRoof

This house is for sale in Vosloorus. This is a Standard Bank Repossessed Property .The following description of this suburb will give you a better idea of Vosloorus. Vosloorus is situated in the town of Boksburg, in the East Rand area of Johannesburg. This town was established in 1963, and it’s local authority was established when the town was given full municipal status in 1983.

Vosloorus has the following point of interest, these include Sandton City (39km) , Alberton (16km) , Benoni (23km) , Boksburg (16km) , Germiston (20km) , New Doornfontein (29km) , Kempton Park (35km) , Nigel (31km) , Pretoria (77km) and Springs (31km)

This single storey house floor area was not measured but the erf size was measured at 335m 2 .

If you make an online offer using the Make An Offer button MyRoof will let you know if your offer was successful with the bank. To make an offer takes less than a minute.

Do you want to sell property in Vosloorus? Via MyRoof, you can sell house in a few easy steps, with professional help, every step of the Sell My House way. We’ve achieved 110 private property sales in Vosloorus. Because of our superior offering, there is a high demand from people to sell property in Vosloorus. To market your house online for free, click on the “Sell My Property” tab at the top of the page or the “Sell House” button on the right of this page.

Quickly Find Boat Auctions Listings Near You, repossessed cars for sale.#Repossessed #cars #for #sale


repossessed cars for sale

Find the Top Boat Auctions Sources in 2016!

Repossessed cars for sale

Boat Auctions Info. puts you in front of the top boat auction houses within the U.S where you can find a steeply discounted used boat. And now a days auction houses don’t just liquidate cheap boats but jetskis, pwc’s, and marine equipment as well.

This year auction houses are delivering substantial discounts. on a wide range of used to newer vessels including bass boats, pontoons, cruisers, cuddys, yachts, sail boats, etc.

Looking back, the 2012-15 season we witnessed still quiet a number of repossessed boats that were (and still continue to be) liquidated by banks, credit unions, and dealer short sales. We are seeing quiet a number of surprising price concessions by lenders. Some are sold for a fraction of their book value and these are late model vessels (bass boats, fishing boats, pontoons, yachts, ski boats, etc.) all with minimal hours.

According to the ‘heavy hitting’ auction companies, Repo sales discounts have been between 20-60% of book value in 2013.

In 2016 lenders will continue re-marketing their marine collateral on local and online auction sources. They will use local or regional liquidation houses to sell off “non performing assets” in an effort to move toxic debt off their books. Due to the current surge of repossessed inventory lenders are forced to ‘let go’ often for whatever they can get.

“2014 will undoubtedly be a boat buyers market.. so it’s a smart time to buy a bank repossessed boat.”

If you’re looking we’ll help you get pointed in the right direction.

The links posted on this site have been reviewed, hand picked, and will present you a valid opportunity towards finding a deeply discounted boat. Whether it be a boat auction in Florida, Maryland, California or a salvage or even an insurance boat auction, you can get a head start here.

By using the navigation bars on the left you have FREE access to finding repo boat auctions, government auctions, as well as damaged or salvage boats for sale.

There are a lot of hyped up “yacht auction” headlines and links atop the search engines that simply under deliver.

In a lot of cases there’s more hype than content. They’re either a “dead link” or some marketing ploy that lures you into visiting an non-relevant website. There’s a lot of Government Auction sites that just under deliver when it comes to marine auctions so be careful. I’ve weeded out all those so I’m pretty confident that.

We only post relevant boat auction links and information

I’ve tried to trim off the fat and bones leaving you a full plate of lean meat. Everything from the BIG “Heavy Hitter” auction sites like Ebay to those little, unknown online auction sites that most don’t even know exist.

As it turns out, I’ve found that the little auction sites and sources, online and off, are where the steals are. Most don’t get ranked high in the search engines or get enough publicity to attract a lot of bidders.

“Local auctions often go unnoticed so bids are often scarce. it’s not unlikely to find yourself the lone bidder in some cases.”

From my own experience the most challenging aspect of locating cheap boats for sale whether it be through salvage auctions, government auctions, or bank boat repo’s is actually knowing where to look. we have credible resources that no longer make that an issue.

Ideally you need to find around 25-30 auction sites and off line sources that allow you to preview their listings or better yet alert you of new inventory via email or rss feed.

You’ll also find “irregular auctions” listed here as well. These are auctions that have suddenly been arranged by either auction houses, lending institutions, government organizations, or dealers in order to quickly liquidate surplus inventory.

People who will benefit the most at auctions are those who regularly get inventory updates.

Having experience in auction arena myself I can’t stress this enough. The more auctions you’re exposed too, the more references you’ll gain so you don’t end up paying too much for a boat.

Your commitment to being patient and persistent during this process will lead you to the best odds of finding the best boat for your money. You can pay much less if you take your time. The waterways overflow with boat owners who paid too much for a boat that’s too big because they paid too fast.

By taking the time necessary up front of regularly visiting various boat auction sites you’ll more likely see a return on the investment of both time and money.

To get started use the left navigation bar to locate anything from Florida boat auctions to salvaged boats in California. They represent the different different types of boat auctions that are available both online and off. You will not find a more comprehensive or focused resource of auctioned boat listings than what’s listed below.

Please drop us an email if you would like to add a RELEVANT link or would like to suggest one.

White Hot Bank Repo Boats for Sale Near You.. Video reveals Bank Repo Boats being hauled away to the local boat auction house. Here’s how you can benefit. Repo Boats Resource to Finding Reposessed Boat Auctions Sales Near You A list of discounted repo boats auction sales via. banks, auctions, brokers, and dealers Find salvage boats for sale at boat auctions Resource to salvage boats for sale at state and local boat auctions Boat Salvage Auctions: Minimize Risk Maximize Reward Can’t find salvaged boats? We offer a free resource of boat salvage auctions sale from Florida to California marine repo pre-purchase survey, This is a must do What I’ll always do before buying any Marine Repo. Repossessed Boats Top repossessed boats resources and are no surprise due to the value they can offer. Florida Bank Repo: Lender repo auctions offering must sell repo assets Probably the Best Link to finding Florida Bank Repo Assets including Boats, Cars, Trucks, ATV’s, Equipment, etc.. Boat Auctions Blog The latest and most relevant boat auction site addition. Check Out These Top US Government Boat Auctions Sources. US Government boat auctions resource providing quick online links to government boat auctions 2016 Boat Insurance Sales Sources and Info. Find salvaged boats at boat insurance sales auctions How Used Boat Classifieds are Considered Your Top Resource Find deep, discounted boats for sale in the Used Boat Classifieds section Find Used Salvage Boat Parts and Equipment for Sale Get quick access to used salvage boat parts and used boat parts and equipment The official cheap boats for sale resource for 2016 2016 resources for cheap boats for sale across the U.S. Contact Us | Boat Auctions Info.com If you have boats auction information you would like to offer please contact us Top Repo Auctions for 2016 Repo Auctions: Where to take advantage of banks bad debt in 2016. Discover Yacht Auctions in 2016 Don’t miss the yacht auctions sales opportunites this year. Bank repos have led to discounted yachts for sale. Discount Boats – Discover What Dealers Don’t Want You Know.. Discount Boats Resource That Dealers Use. (and you can too) Government Seized Boats and Bank Repos: Lets Numbers Crunch Seized boats and bank repos are creating quiet a stir this year. Some recent auction sales will allow the numbers will speak for themselves. Boat and Car Auction scam sites | Be Alert, See the Evidence The following Auction Scam sites have been reported by consumers within ripoff report sites Boat Auctions Info Privacy Policy BoatAuctionsInfo.com Privacy Policy and Personal Information Disclosure Statement. Florida Boat Auctions: Top 5 Secret Honey Holes Looking for Florida boat Auctions in North or South Florida? You can use these top 5 Florida ‘honey holes’ to find bank repo boats. Repo Boat Auctions: How Boat Repos Are Making Waves Repo boat auctions are increasingly becoming a ripe resource for bargain boat buyers. Here’s what you need to know. Boat Auctions Direct | Truth and Reviews Get the truth behind Boat Auctions Direct. A repo boat auction site that aggregates bank repos for bargain boat shoppers.

Repossessed Cars Archives. #lewiston #auto


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UnionBank Foreclosed Properties And Repossessed Cars Auctions For July 2015

Just a quick heads-up on the public auction schedules for Unionbank foreclosed properties in Metro Manila, VisMin, and repossessed cars, for July 2015. Sorry for the short notice, I just got an email about these yesterday. Get more details below. [Read more. ]

PNB Prime Foreclosed Properties and Repossessed Cars For Public Sealed Bidding On May 22, 2015

Another public sealed bidding of Prime Properties and foreclosed cars from Philippine National Bank will happen on May 22, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. Get more details below. [Read more. ]

Additional PNB Foreclosed Cars For Public Sealed Bidding on April 24, 2015

This will be a short and quick follow-up to my previous post about PNB Prime properties for public sealed bidding as I just received a list of additional PNB foreclosed cars for sale. The bidding will still be on April 24, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado [Read more. ]

Public Sealed Bidding of PNB Prime Properties and Foreclosed Cars Slated On April 24, 2015

A public sealed bidding of Prime Properties of Philippine National Bank will happen on April 24, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. A number of PNB foreclosed cars are also included in the bidding. [Read more. ]

Another Public Bidding for Prime PNB Foreclosed Properties And Repossessed Cars Slated On March 20, 2015

For the third straight month in 2015, there will be a public sealed bidding of “Prime” foreclosed properties and repossessed cars of Philippine National Bank (PNB). The next one will take place on March 20 , 2015, Friday, 10:00am, at the [Read more. ]

Prime PNB Foreclosed Properties And Repossessed Cars Sealed Bidding Slated On February 27, 2015

Prime PNB foreclosed properties and repossessed cars will be offered to the public through a public sealed bidding on February 27 , 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. The complete listing can be downloaded [Read more. ]

Maybank Yellow Garage Car Sale for Cebu, Iloilo, Davao (September 15 to October 15, 2014)

As promised in my post about Maybank repossessed cars for sale in Pasig, here are the details for their Yellow Garage Car Sale in Cebu, Iloilo, and Davao. Promo runs from September 15 to October 15, 2014. Checkout the details and complete price-lists below. [Read more. ]

Repossessed Cars Maybank Yellow Garage Car Sale Slated On September 1 30, 2014 (Pasig Calasiao)

A big number of repossessed cars are for sale at up to 10% off in Maybank’s Yellow Garage Car Sale (YGCS) for their Ugong (Pasig) and Calasiao warehouse inventories. Promo runs from September 1 to 30, 2014. Checkout the details and complete pricelist below. [Read more. ]

The Importance of Credit History and Credit Scores in Real Estate Investing

Bank Repossessed Cars for Sale: Where to Buy Bank Repossessed Cars on Sale for Cheap #chicago #auto #show


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Bank Repossessed Cars for Sale. Where to Buy Bank Repossessed Cars on Sale for Cheap

Bank Repossessed Cars

Sept. 27, 2009PRLog — Where can I buy bank repossessed cars for sale at great discounts. If this is what you’re thinking, you’re not alone. With the economic crisis stil among us, thousands of americans are turning to bank repossessed cars when buying their dream vehicles. And they’re saving thousands on anything from luxury cars to SUVs and 4x4s ( as much as 70% or more of their market value ). But, how do you find repossessed cars for sale ?

Well, there are different ways to buy bank repossessed cars for sale. One of them is to buy your repossessed car at an offline public auction. You see, once the bank regains possession of the vehicle, the now “repossessed car” is sold at an auction as soon as possible, as a way for the lien holder to make some of their money back. Therefore, repo cars usually have a very low final price, and they’re usually bought by car dealers who want to resell them at a difference. Even though anyone can attend these public repo car auctions, they’re probaly not the best place to look for bank repossessed cars if you’re just beginning, since you’d be competing with proffesional dealers at their own game, and in their own territory.

If this is your first time around and you’re interested in bank repossessed cars, buying repossessed cars for sale at an online auction is actually a better choice. Why. Well, you’ll be dealing with a territory that you probably already know, where you can easily check all relevant data in seconds: how much certain bank repossessed cars are being sold for, who the most reputable sellers are, how to contact other buyers, etc. And bargains are definitely to be found online as well, with savings of up to 70% or more, depending on the repossessed car’s condition. Also, there are some websites with lists of hundreds of repossessed cars for sale at the most important online auctions, all freely available to the public 24/7. If you’re looking for cheap repo cars to buy, this is most definitely the time to go for it.

You can check updated lists of selected deals on bank repossessed cars for sale, repossessed 4x4s and SUVs at http://Repossessed- Cars-for-Sale.IncredibleProducts.info

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Bank Repossessed Cars for Sale in Florida #used #cars #websites


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Bank Repossessed Cars for Sale in Florida

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Banks and auto loan companies often resell the repossessed cars in an effort to make up for their losses.  And these cars are sold for considerable discounts. The only thing that is left for you to do is to know how to find them and how to properly inspect them so that you can ultimately ensure a great deal. And here are some suggestions on how to avail of bank repossessed cars for sale in Florida .

Ask the bank.

One of the effective ways to get your hands on bank repossessed cars for sale in Florida is to ask the bank directly. You can make an inquiry for possible repossessions and how you can avail of them during a sale. These financial institutions also see the advantage of selling the cars themselves. And they are quite in a hurry to do so. This is because the more they hold on to these vehicles, the more costly storage becomes and they will not let their money sleep.

You can take advantage of this chance to put up a great bargain. Look for the person in charge or the department especially dedicated for repossession to get a list of the available vehicles. You can pay the local bank a visit or you may also refer to their respective websites to get more information.

Florida Cars Repossessed For Sale

If banks do not conduct onsite sales, they do hire local auction houses to feature the repossessed cars. In which case, it will also be a good idea to inquire from these auction houses and organizers. Ask about upcoming dates for repossessed vehicle auctions.

Alternatively, you can look up announcements on newspapers and classified ads. Since banks are in a hurry to liquidate, they would want as many people to be in attendance during the auction. This is why they are willing to pay the extra money to let as many people know about the sale event.

Check with local auto dealers.

You will also find it easy to look for dealers over the internet. All it takes is a little time to research for availability of bank repossessed cars for sale in Florida. And the next thing you know, you may find yourself driving a great bargain.

There are plenty of ways by which one man’s misfortune can become your fortune. And this is true in the case of bank repossessed cars for sale in Florida. As a matter of fact, you can get these repossessed automobiles for only a fraction of its original cost. It can be such a great deal that you will not be able to avail of anywhere else. And this is the reason why a lot of interested buyers line up to get their hands on one of the repossessed cars for sale in Florida.

Advertisement

Posts related to Bank Repossessed Cars for Sale in Florida

Finding these auctions for US bank repossessed cars for sale should not cost you a dime. The thing is, the only reason why other people.

If you are planning to buy a car but your budget does not allow you to purchase a brand new one, you should consider buying.

Repossessed Cars Archives. #auto #connection


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#

UnionBank Foreclosed Properties And Repossessed Cars Auctions For July 2015

Just a quick heads-up on the public auction schedules for Unionbank foreclosed properties in Metro Manila, VisMin, and repossessed cars, for July 2015. Sorry for the short notice, I just got an email about these yesterday. Get more details below. [Read more. ]

PNB Prime Foreclosed Properties and Repossessed Cars For Public Sealed Bidding On May 22, 2015

Another public sealed bidding of Prime Properties and foreclosed cars from Philippine National Bank will happen on May 22, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. Get more details below. [Read more. ]

Additional PNB Foreclosed Cars For Public Sealed Bidding on April 24, 2015

This will be a short and quick follow-up to my previous post about PNB Prime properties for public sealed bidding as I just received a list of additional PNB foreclosed cars for sale. The bidding will still be on April 24, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado [Read more. ]

Public Sealed Bidding of PNB Prime Properties and Foreclosed Cars Slated On April 24, 2015

A public sealed bidding of Prime Properties of Philippine National Bank will happen on April 24, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. A number of PNB foreclosed cars are also included in the bidding. [Read more. ]

Another Public Bidding for Prime PNB Foreclosed Properties And Repossessed Cars Slated On March 20, 2015

For the third straight month in 2015, there will be a public sealed bidding of “Prime” foreclosed properties and repossessed cars of Philippine National Bank (PNB). The next one will take place on March 20 , 2015, Friday, 10:00am, at the [Read more. ]

Prime PNB Foreclosed Properties And Repossessed Cars Sealed Bidding Slated On February 27, 2015

Prime PNB foreclosed properties and repossessed cars will be offered to the public through a public sealed bidding on February 27 , 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. The complete listing can be downloaded [Read more. ]

Maybank Yellow Garage Car Sale for Cebu, Iloilo, Davao (September 15 to October 15, 2014)

As promised in my post about Maybank repossessed cars for sale in Pasig, here are the details for their Yellow Garage Car Sale in Cebu, Iloilo, and Davao. Promo runs from September 15 to October 15, 2014. Checkout the details and complete price-lists below. [Read more. ]

Repossessed Cars Maybank Yellow Garage Car Sale Slated On September 1 30, 2014 (Pasig Calasiao)

A big number of repossessed cars are for sale at up to 10% off in Maybank’s Yellow Garage Car Sale (YGCS) for their Ugong (Pasig) and Calasiao warehouse inventories. Promo runs from September 1 to 30, 2014. Checkout the details and complete pricelist below. [Read more. ]

The Importance of Credit History and Credit Scores in Real Estate Investing

Bank Repossessed Cars for Sale in Florida #car #dealers


#repo cars for sale
#

Bank Repossessed Cars for Sale in Florida

Advertisement

Banks and auto loan companies often resell the repossessed cars in an effort to make up for their losses.  And these cars are sold for considerable discounts. The only thing that is left for you to do is to know how to find them and how to properly inspect them so that you can ultimately ensure a great deal. And here are some suggestions on how to avail of bank repossessed cars for sale in Florida .

Ask the bank.

One of the effective ways to get your hands on bank repossessed cars for sale in Florida is to ask the bank directly. You can make an inquiry for possible repossessions and how you can avail of them during a sale. These financial institutions also see the advantage of selling the cars themselves. And they are quite in a hurry to do so. This is because the more they hold on to these vehicles, the more costly storage becomes and they will not let their money sleep.

You can take advantage of this chance to put up a great bargain. Look for the person in charge or the department especially dedicated for repossession to get a list of the available vehicles. You can pay the local bank a visit or you may also refer to their respective websites to get more information.

Florida Cars Repossessed For Sale

If banks do not conduct onsite sales, they do hire local auction houses to feature the repossessed cars. In which case, it will also be a good idea to inquire from these auction houses and organizers. Ask about upcoming dates for repossessed vehicle auctions.

Alternatively, you can look up announcements on newspapers and classified ads. Since banks are in a hurry to liquidate, they would want as many people to be in attendance during the auction. This is why they are willing to pay the extra money to let as many people know about the sale event.

Check with local auto dealers.

You will also find it easy to look for dealers over the internet. All it takes is a little time to research for availability of bank repossessed cars for sale in Florida. And the next thing you know, you may find yourself driving a great bargain.

There are plenty of ways by which one man’s misfortune can become your fortune. And this is true in the case of bank repossessed cars for sale in Florida. As a matter of fact, you can get these repossessed automobiles for only a fraction of its original cost. It can be such a great deal that you will not be able to avail of anywhere else. And this is the reason why a lot of interested buyers line up to get their hands on one of the repossessed cars for sale in Florida.

Advertisement

Posts related to Bank Repossessed Cars for Sale in Florida

Finding these auctions for US bank repossessed cars for sale should not cost you a dime. The thing is, the only reason why other people.

If you are planning to buy a car but your budget does not allow you to purchase a brand new one, you should consider buying.

Repossessed Cars for Sale: How and Where to Buy? #auto #paint #colors


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Repossessed Cars for Sale: How and Where to Buy?

You have probably seen in the local newspapers and at specific websites print and online ads offering to buy repossessed cars for sale at very affordable prices suitable for every purse even with very low budget. In a case your financial status is not so good at the moment you can also appeal to such ads to buy one of repossessed cars and use it for your personal needs. Nowadays repossessed cars for sale or repo autos are in high demand and that is why they are quite available online and at public auctions and on-site auction venues. The next recommendations will help you to choose among repo vehicles the most fitting to your requests.

At first let s focus on what are repossessed cars for sale and why prices on them are rather low? You will hardly be surprised if anyone says that repo cars can t be compared with salvage autos or even with used cars. It happens so because they belong to a separate class and be categorized to this class only if they were initially seized by different financial establishments like banks from those owners who didn t manage to pay for them due to a credit agreement. Huge governmental financial institutions like the national banks are not involved into the auto sales business and that is why they try to sell such cars at very low prices to get rid of them in quick and profitable for them way.

You can use such policy as an advantage and buy one of repossessed cars for sale in a very good operable condition practically for free comparing with prices they ask for new cars in the showrooms. Besides among repo cars you can find almost new autos which were seized because of credit debts of their owners.

Surely the first question that appears after enumerating all these advantages of using repossessed cars is where you can find them and how to make the best deal when buying such vehicles? Seeking for repossessed cars for sale won t cause any difficulties because there are few places where you can appeal to find numerous offers to select from:

  • banks and other financial organizations to find one of repo cars to buy you need at first to call few local banks, several credit unions and other financial institutions that may be involved into trading of repo vehicles. In any case over there they will advise you where to appeal in order to find repo autos put on sale.
  • local, state and even federal governmental agencies is another place where you can go to buy a repo car. Offices of these organizations are usually located in all big cities as well in small towns so you can easily reach them and find out dates of the upcoming repo cars-orientated public auctions. Besides usually such organization won t demand from you paying a fee for getting an access to such auction as a full-time participant.
  • visit onsite auctions of national or local importance. We can t say whether these or those public auctions held in onsite auction houses are better that appealing to all enumerated above institutions or not but still many dealers and sellers deal with them so you can try your luck and attend one of them at first as a spectator and then as a participant.
  • bid at online and free repo auctions. Such bidding has its obvious risks but if you deal with trustworthy companies selling repo cars online you will manage to buy one of repossessed cars for sale without leaving your home by saving your time and money.

No matter what of offered ways you choose to find a repo car you can use the following tips to buy a repossessed auto with maximum benefits for yourself:

  1. Ask for warranty and insurance documents. If they can t offer you a warranty because of its expiration prepare to the fact that you will have to purchase a warranty in addition to a car.
  2. Always check a car s title all documents proving this or that car s title and records reflecting its history should be given to you as new owner of a repossessed car. Pay attention to this fact.
  3. And at last never forget about asking few questions concerning a repo auto manufacturing. Prepare to buy a car with a color you don t like and never buy at new and creative exterior design giving preference to reliable inner systems instead.

Register at Easyexport Auto Auctions and get the access to repossessed cars for sale!

Repo Car Auctions Newburgh NY – repo car auctions, Newburgh NY repossessed cars, Newburgh NY used car, Newburgh NY buying used car, Newburgh NY repossessed vehicles #used #car #sites


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Repo Car Auctions

What is a repossessed (repo) car?

When a car owner fails to make on-time loan or lease payments, the bank or finance company will repossess the vehicle — take it back. Typically, the buyer will be given a chance to catch up on payments or be made a payoff offer to recover the vehicle. If the buyer does not or can not get the vehicle back, the bank or lending institution takes it over and will sell it to recover some or all of the loan balance.

Repossessed cars are not the same as seized cars, impound cars, or unclaimed cars typically sold by police or government agencies. Repossessed cars belong to banks, credit unions, and finance companies.

Some smaller banks or credit unions may display repo cars in their own parking lots, with “for sale” signs in the window. These cars can be easily spotted when driving by the bank.

Most banks and finance companies hand over repo cars to a professional auction company. When the auction company sells the car, the bank gets the money, less a commission. Auctions can be public, private, or dealer-only auctions. Repossessed car auctions are sometimes mistakenly called “car forcloseure auctions.”

When a bank or loan company sells repossessed cars, it wants to recover enough money to pay off the existing loan balance, plus any expenses for towing and storage and the fees of the professional repo company who picked up the vehicle.

In tough economic times, repossessions become mo.

Where can you buy repossessed cars #auto #city


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Where can you buy repossessed cars?

Karate1000

Answered Last

Here is a variety of advice:

  • If I were you I would check out your county for repossessions to be sold they generally sale for 2/3 of the loan value.
  • I would NOT buy a car that has been repoed. Simple logic tells me that the driver was NOT doing ANY repairs or even oil changes, before it got pulled away. In my years of experience doing vehicle repos, (yes I do know what I am talking about here) the number of outright clunkers was higher than 75 percent.
  • Junk on wheels is what we used to call them. Run to death and barely able to be driven. Buyer beware is what I say.
  • What if my truck worth 15k is repoed because I quit paying on the 20k loan. Then I buy it at auction because I know I took care of it? Heck, I could even dirty it up inside a little first so it will auction for less.
  • It won’t work. If it was repo’d by a buy-here-pay-here lot, they’ll put it back on the lot and certainly aren’t going to deal with you. If it was taken by a bank or manufacturer’s finance company, it is going to a wholesale auction where you need a dealer’s license to bid. Some smaller credit unions or finance companies will sell their repo’s in their parking lot, but that’s just like the BHPH place – they aren’t going to talk to you. Besides, you STILL OWE the difference between the loan (plus repo fees) and what it brings. It’s cheaper to make your payments.
  • It’s fine to buy a repo car if you take someone with you who knows a bit about cars. Where repo cars are sold is different from place to place. Try Googling your city and car auctions or else looking up auctions in the phone book.
  • Call your local Credit Unions and ask them if they have any vehicles for sale. Most of them do these days. These are high quality cars for good prices and you are buying from a reliable source. Credit Unions will also give you good financing terms to get the cars off of their books. You could search online or just open the phone book and start calling.

How to Buy a Repossessed Car #subprime #auto #lenders


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How to Buy a Repossessed Car

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Repossessed cars can be a big bargain for the savvy shopper, as they often sell below the Kelley Blue Book or NADA Guides values. The caveat is the risk associated with these cars, since they’re often sold as-is and rarely offer you the opportunity to take a test drive before buying. Whether you’re buying direct from the lender, going to an auction or visiting a reseller or dealer, get as much information about the vehicle as you can before agreeing to the purchase.

Tip

Before buying a repossessed car, order a vehicle history report and inspect the vehicle. Once you complete the purchase, it’s often impossible to get your money back.

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Direct From the Lender

Some lenders allow you access to their lists of repossessed cars and let you bid on the one you want. You might be able to finance through the same lender, complete all the paperwork in one fell swoop and avoid paying commission or other costs associated with a traditional sale. The downside is that this can take several weeks from receiving the initial list to completing the sale, and lenders aren’t always incentivized to inspect and repair the vehicle as much as they are to get it off their books. You also might have a harder time physically inspecting the car yourself until just before the sale is finalized.

Car Auctions

Lenders or police agencies may sell repossessed cars at auction. As with other repossessed vehicle sales, the cars are sold as-is. Auctions can take place at a physical location or online. You can generally look at the vehicles before the auction starts but not take a test drive. Though you sometimes can get financing, the general expectation is that you have cash at the ready to complete your purchase. Check with the auction host beforehand to avoid unpleasant surprises.

Go to the Dealership

Some used car dealers also sell repossessed cars, particularly if the vehicles were originally purchased there. Other dealers purchase repossessed vehicles at auction and resell them to customers. This is your best chance of getting a car with at least a limited warranty, particularly if the dealership has an established car repair shop associated with it. It’s also the most expensive way of buying a repossessed car. since the infrastructure of a car dealership, and the need to pay its sales force, means a higher markup.

Reseller Services

Repo reseller services acquire repossessed vehicles and sell them, often listing them online. They may inspect and detail the vehicles before the sale. In general, they want to get rid of the vehicles as soon as possible, serving as a conduit between the original lender and the eventual buyer, often without taking ownership.

Risky Business

Buying a repossessed car is a risk. The original owner may have been months behind on payments, and it’s unlikely that a vehicle owner who couldn’t afford the loan was being scrupulous about vehicle maintenance. Some trash the car before allowing it to be taken. Repossessed vehicles often are sold without a warranty, so any problems discovered later are yours alone to handle.

Repossessed Cars #auto #junk #yards


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Repossessed Cars

Daily, many Americans fail to pay their car loans or leases and, as a result, their vehicles become repossessed cars. Since financial institutions want to recoup at least a portion of their money and avoid storage fees for their car repos. they try to sell these vehicles at used car auctions and online car auctions as soon as possible. While many auto auctions are available to car dealers only, car repo auctions are often open to the public so you can take advantage of the discounted prices.

A repo auction runs just like a typical car auction . except that the seller is the bank, credit union, or finance company that owns the repossessed auto. If you’re in the market for a good deal on a used car, repo auto auctions are excellent places to look! A repo car auction offers a fast-paced, fun environment coupled with the prospect of finding a great vehicle at a reduced price.

Auto Repo Reminders

As with any public auto auction . it is always a good idea to be familiar with the rules, procedures, and bidding guidelines before attending. Auction car sales policies will be similar from place to place, but not identical. Follow the guidelines below to help make your auction day a success:

    • Many car liquidation auction sites will have run lists available before the auction begins, so you can get an idea on which of the vehicle(s) you might like to bid. Many even offer an online car auction so potential buyers can bid online via simulcast auctions for added convenience.

• Take advantage of any opportunity to preview or inspect the cars before the repossessed car auction. Also, request a vehicle history report or VIN for any cars of interest so you do not end up with any surprises.

• Educate yourself on the retail value of the repossessed cars that you might like to bid on at the auction . Make sure to bring along a few pricing guides or use the car auction sales catalog (if available from the auction house) so you can research specific vehicles before you go.

Find Local Repo Car Sales

One of the easiest ways to find car sales auctions is to contact nearby banks and credit unions and ask how they handle repossessed car sales. If they sell the repossessed cars through auctions, they can give you the auction company’s information. The Internet also makes it easy to find car auction sites near you. You can also contact nearby auction sites, like BSC America, and ask if they handle repo car sales. While you are getting information, be sure to ask if the repo auction is open to the public or if it is for dealers only.

Instead of buying a car new and paying an inflated price, find an incredible deal at a repo auction. If you do your research and exercise a bit of patience, a great deal is sure to be waiting for you! Contact us today to get more information on the BSC’s upcoming repossessed car auctions .

Repossessed Cars For Sale #discount #auto


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Repossessed Cars For Sale

This page is dedicated to offering you the best listings of repossessed cars for sale. We ll be actively hunting down the best repossessed cars for sale in your State. We re also partnering with some of the best vendors of repossessed cars for sale, in order to get the bargains right in front of your eyes. Keep your eyes right here and prepare to see magic!

Buy repossessed cars for sale

Buyers: Find Your Best Repossessed Cars For Sale

Buyers: Keep right up to date with our newsletter which will prompt you on the best bargains going on repossessed cars for sale .

Sellers: Show Your Best Repossessed Cars For Sale

Sellers: Use the contact form if you are offering repossessed cars for sale and would like free listings. Let us know what you have to offer. Get in quick if you missed the recent mailing!

What we hope to achieve here is putting the buyer of repossessed cars right where they need to be by also placing the best repossessed cars for sale right in front of you. At repossessed cars we ve taken the feedback over the past year and a half that what you are truly looking for is the best free listings of repossessed cars for sale, period.

Well that is what we are about to provide. Stay tuned for repossessed cars for sale .

Repossessed Car Auctions – Bank Auctions – by #victory #auto #wreckers


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Repossessed Car Auctions Bank Auctions

Repossessed Cars for Sale Repo Car Auctions Bank Repo Car Sales

How and where to buy repo cars at bargain prices. What is a repo car?

When a car owner fails to make on-time loan or lease payments, the bank or finance company will repossess the vehicle — take it back — repo it.

Typically, the buyer will be given a chance to catch up on payments or be made a payoff offer to recover the vehicle. If the buyer does not or can not get the vehicle back, the bank or lending institution takes it over and will sell it to recover some or all of the loan balance.

Repossessed cars— sometimes called bank repo or returned cars— are not the same as seized cars, impound cars, or unclaimed cars typically sold by police or government agencies. Repossessed cars belong to banks, credit unions, and finance companies.

When a buyer s vehicle is to be repossessed, the bank may send a recovery and towing service out to pick it up, often without the buyer s knowledge. However, a buyer can also voluntarily return his vehicle to the bank or finance company. The buyer may have suffered unfortunate financial difficulties, had a divorce, or otherwise could not afford the car.

Where to find repo cars for sale

Some smaller banks or credit unions may display their repo cars in their own parking lots, with for sale signs in the window. These cars can be easily spotted when driving by the institution. Get details and prices inside from a customer service representative or loan officer.

Most banks and finance companies hand over repo cars to a professional auto auction company. When the auction company sells the car, the bank gets the money, less a commission. Auctions can be public, private, or dealer-only auctions. Repossessed car auctions are sometimes mistakenly called car foreclosure auctions.

When a bank or loan company sells repossessed cars, it wants to recover enough money to pay off the existing loan balance, plus any expenses for towing and storage and the fees of the professional repo company who picked up the vehicle. However, in many cases, the bank loses money.

In tough economic times, repossessions become more common. Automobile repossessions and returns (voluntary repossessions) happen in large numbers.

How do I find repo vehicle auctions?

There are number of ways to find repossessed car auctions, sometimes called bank auctions.

One way is to simply calls banks and credit unions in your area and ask how and where they sell their repossessed vehicles. If they sell through an auction company, they can give you information to locate the company so that you can ask about auction locations, schedules, and rules.

Also find auto auction companies with an online search or in your telephone yellow pages. Call them to determine if they handle repo vehicles for banks and loan companies. Some do and some do not.

Another way is to call local newspapers and ask when they publish car auction announcements. There is usually one one newspaper in an area that prints auction announcements on a specific schedule, say, on the third Friday every month, as an example.

What to pay for repo cars?

Bargain prices are very possible for repo cars, but not always. Banks are willing to take losses on the sale of returned or repossessed cars but they prefer not to do so, if possible.

In cases where the borrower was not upside down on his loan, the bank may seek to only recover what was owed, which could be much less than the car is actually worth — a real bargain. This could happen if the borrower had purchased his car with a large down payment or high-value trade-in. These are the deals to look for.

In other cases, which is more common, the borrower was upside down on his loan, which means he owed more than the car is worth. Obviously, the bank would like to recover the entire amount owed, but will usually price the car at fair market value if it s selling the vehicles from its parking lot. However, if selling at auction, they will accept the selling price, whatever that may be. Either way, the bank will usually incur a loss.

If you attend a repo car auction, makes sure you know the value of the cars you bid on. Take a couple of used-car price books with you. Don t overpay by getting caught up in the excitement of bidding.

What kind of cars at repo car auctions?

There are generally three kinds of cars at repossessed vehicle auctions.

Almost-new cars in new-perfect condition and with low mileage. The borrower may have just lost his job, suffered a divorce, or otherwise realized he couldn t afford the car. Bargains can be found on vehicles on which the borrower had made a large down payment, took advantage of rebates, or traded another vehicle.

Late model cars in average condition and average miles. The borrower may have had serious financial troubles, or a bankruptcy, that made it impossible to keep her car. Many of these vehicles are available for less than market value, especially if the loan was near being paid off.

Older model cars in poor condition and high mileage. The borrower may have been financially challenged when he bought the car and things became worse, which caused multiple missed payments – which resulted in a repossession. Some of these cars may have hidden problems, which might be part of the reason for the borrower s default. Such vehicles should be inspected by a mechanic, if possible, before purchase.

How to get bargain prices on repo cars

If you find a bank selling it s own repossessed cars, determine the actual value of the car you re interested in by consulting Kelley Blue Book (www.kbb.com) and NADA Guides (www.nadaguides.com) or a used-car value book.

If the bank s price is higher than the book value , negotiate with them to lower the price. If the price is already lower, you ve possibly found a good deal.

If you attend a repo car auction, go early and inspect the cars you might be interested in. You can usually look over the cars and even start them up, but you won t be able to drive them. Get a Carfax or AutoCheck vehicle history report to make sure you aren t getting a car that has been wrecked or rebuilt, or that has a salvage title.

Take your used-car price guide books (or your Internet-connected phone or tablet)  with you so that you ll know what the cars are worth. Bid wisely and follow auction rules.

Protect yourself

When you buy a repossessed car, you take a chance that it might have unknown problems that don t show themselves immediately. Consider buying a relatively inexpensive used-car warranty from a company such as Endurance Auto Warranty  to protect yourself from surprise problems. Get a free quote to see how much it will cost.

It s possible to get some great bargains at repo car auctions by taking advantage of other people s misfortune. Know how to judge repo auction cars by looking them over, since you won t be allowed to drive them. Be prepared to pay for your winnings, or be able to show approved financing.

You can get pre-approved financing from online auto loan companies such as Auto Credit Express . Once you know how much you can borrow, you ll know your auction bid limits.

Bank Repossessed Cars for Sale: Where to Buy Bank Repossessed Cars on Sale for Cheap #statesville #auto #auction


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Bank Repossessed Cars for Sale. Where to Buy Bank Repossessed Cars on Sale for Cheap

Bank Repossessed Cars

Sept. 27, 2009PRLog — Where can I buy bank repossessed cars for sale at great discounts. If this is what you’re thinking, you’re not alone. With the economic crisis stil among us, thousands of americans are turning to bank repossessed cars when buying their dream vehicles. And they’re saving thousands on anything from luxury cars to SUVs and 4x4s ( as much as 70% or more of their market value ). But, how do you find repossessed cars for sale ?

Well, there are different ways to buy bank repossessed cars for sale. One of them is to buy your repossessed car at an offline public auction. You see, once the bank regains possession of the vehicle, the now “repossessed car” is sold at an auction as soon as possible, as a way for the lien holder to make some of their money back. Therefore, repo cars usually have a very low final price, and they’re usually bought by car dealers who want to resell them at a difference. Even though anyone can attend these public repo car auctions, they’re probaly not the best place to look for bank repossessed cars if you’re just beginning, since you’d be competing with proffesional dealers at their own game, and in their own territory.

If this is your first time around and you’re interested in bank repossessed cars, buying repossessed cars for sale at an online auction is actually a better choice. Why. Well, you’ll be dealing with a territory that you probably already know, where you can easily check all relevant data in seconds: how much certain bank repossessed cars are being sold for, who the most reputable sellers are, how to contact other buyers, etc. And bargains are definitely to be found online as well, with savings of up to 70% or more, depending on the repossessed car’s condition. Also, there are some websites with lists of hundreds of repossessed cars for sale at the most important online auctions, all freely available to the public 24/7. If you’re looking for cheap repo cars to buy, this is most definitely the time to go for it.

You can check updated lists of selected deals on bank repossessed cars for sale, repossessed 4x4s and SUVs at http://Repossessed- Cars-for-Sale.IncredibleProducts.info

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Bank Repossessed Cars for Sale in Florida #public #auto #auction


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Bank Repossessed Cars for Sale in Florida

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Banks and auto loan companies often resell the repossessed cars in an effort to make up for their losses.  And these cars are sold for considerable discounts. The only thing that is left for you to do is to know how to find them and how to properly inspect them so that you can ultimately ensure a great deal. And here are some suggestions on how to avail of bank repossessed cars for sale in Florida .

Ask the bank.

One of the effective ways to get your hands on bank repossessed cars for sale in Florida is to ask the bank directly. You can make an inquiry for possible repossessions and how you can avail of them during a sale. These financial institutions also see the advantage of selling the cars themselves. And they are quite in a hurry to do so. This is because the more they hold on to these vehicles, the more costly storage becomes and they will not let their money sleep.

You can take advantage of this chance to put up a great bargain. Look for the person in charge or the department especially dedicated for repossession to get a list of the available vehicles. You can pay the local bank a visit or you may also refer to their respective websites to get more information.

Florida Cars Repossessed For Sale

If banks do not conduct onsite sales, they do hire local auction houses to feature the repossessed cars. In which case, it will also be a good idea to inquire from these auction houses and organizers. Ask about upcoming dates for repossessed vehicle auctions.

Alternatively, you can look up announcements on newspapers and classified ads. Since banks are in a hurry to liquidate, they would want as many people to be in attendance during the auction. This is why they are willing to pay the extra money to let as many people know about the sale event.

Check with local auto dealers.

You will also find it easy to look for dealers over the internet. All it takes is a little time to research for availability of bank repossessed cars for sale in Florida. And the next thing you know, you may find yourself driving a great bargain.

There are plenty of ways by which one man’s misfortune can become your fortune. And this is true in the case of bank repossessed cars for sale in Florida. As a matter of fact, you can get these repossessed automobiles for only a fraction of its original cost. It can be such a great deal that you will not be able to avail of anywhere else. And this is the reason why a lot of interested buyers line up to get their hands on one of the repossessed cars for sale in Florida.

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Posts related to Bank Repossessed Cars for Sale in Florida

Finding these auctions for US bank repossessed cars for sale should not cost you a dime. The thing is, the only reason why other people.

If you are planning to buy a car but your budget does not allow you to purchase a brand new one, you should consider buying.

Repossessed Cars Archives. #local #car #dealers


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UnionBank Foreclosed Properties And Repossessed Cars Auctions For July 2015

Just a quick heads-up on the public auction schedules for Unionbank foreclosed properties in Metro Manila, VisMin, and repossessed cars, for July 2015. Sorry for the short notice, I just got an email about these yesterday. Get more details below. [Read more. ]

PNB Prime Foreclosed Properties and Repossessed Cars For Public Sealed Bidding On May 22, 2015

Another public sealed bidding of Prime Properties and foreclosed cars from Philippine National Bank will happen on May 22, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. Get more details below. [Read more. ]

Additional PNB Foreclosed Cars For Public Sealed Bidding on April 24, 2015

This will be a short and quick follow-up to my previous post about PNB Prime properties for public sealed bidding as I just received a list of additional PNB foreclosed cars for sale. The bidding will still be on April 24, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado [Read more. ]

Public Sealed Bidding of PNB Prime Properties and Foreclosed Cars Slated On April 24, 2015

A public sealed bidding of Prime Properties of Philippine National Bank will happen on April 24, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. A number of PNB foreclosed cars are also included in the bidding. [Read more. ]

Another Public Bidding for Prime PNB Foreclosed Properties And Repossessed Cars Slated On March 20, 2015

For the third straight month in 2015, there will be a public sealed bidding of “Prime” foreclosed properties and repossessed cars of Philippine National Bank (PNB). The next one will take place on March 20 , 2015, Friday, 10:00am, at the [Read more. ]

Prime PNB Foreclosed Properties And Repossessed Cars Sealed Bidding Slated On February 27, 2015

Prime PNB foreclosed properties and repossessed cars will be offered to the public through a public sealed bidding on February 27 , 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. The complete listing can be downloaded [Read more. ]

Maybank Yellow Garage Car Sale for Cebu, Iloilo, Davao (September 15 to October 15, 2014)

As promised in my post about Maybank repossessed cars for sale in Pasig, here are the details for their Yellow Garage Car Sale in Cebu, Iloilo, and Davao. Promo runs from September 15 to October 15, 2014. Checkout the details and complete price-lists below. [Read more. ]

Repossessed Cars Maybank Yellow Garage Car Sale Slated On September 1 30, 2014 (Pasig Calasiao)

A big number of repossessed cars are for sale at up to 10% off in Maybank’s Yellow Garage Car Sale (YGCS) for their Ugong (Pasig) and Calasiao warehouse inventories. Promo runs from September 1 to 30, 2014. Checkout the details and complete pricelist below. [Read more. ]

The Importance of Credit History and Credit Scores in Real Estate Investing

Repossessed Car Auctions – Bank Auctions – by #oreilly #auto


#repossessed cars for sale
#

Repossessed Car Auctions Bank Auctions

Repossessed Cars for Sale Repo Car Auctions Bank Repo Car Sales

How and where to buy repo cars at bargain prices. What is a repo car?

When a car owner fails to make on-time loan or lease payments, the bank or finance company will repossess the vehicle — take it back — repo it.

Typically, the buyer will be given a chance to catch up on payments or be made a payoff offer to recover the vehicle. If the buyer does not or can not get the vehicle back, the bank or lending institution takes it over and will sell it to recover some or all of the loan balance.

Repossessed cars— sometimes called bank repo or returned cars— are not the same as seized cars, impound cars, or unclaimed cars typically sold by police or government agencies. Repossessed cars belong to banks, credit unions, and finance companies.

When a buyer s vehicle is to be repossessed, the bank may send a recovery and towing service out to pick it up, often without the buyer s knowledge. However, a buyer can also voluntarily return his vehicle to the bank or finance company. The buyer may have suffered unfortunate financial difficulties, had a divorce, or otherwise could not afford the car.

Where to find repo cars for sale

Some smaller banks or credit unions may display their repo cars in their own parking lots, with for sale signs in the window. These cars can be easily spotted when driving by the institution. Get details and prices inside from a customer service representative or loan officer.

Most banks and finance companies hand over repo cars to a professional auto auction company. When the auction company sells the car, the bank gets the money, less a commission. Auctions can be public, private, or dealer-only auctions. Repossessed car auctions are sometimes mistakenly called car foreclosure auctions.

When a bank or loan company sells repossessed cars, it wants to recover enough money to pay off the existing loan balance, plus any expenses for towing and storage and the fees of the professional repo company who picked up the vehicle. However, in many cases, the bank loses money.

In tough economic times, repossessions become more common. Automobile repossessions and returns (voluntary repossessions) happen in large numbers.

How do I find repo vehicle auctions?

There are number of ways to find repossessed car auctions, sometimes called bank auctions.

One way is to simply calls banks and credit unions in your area and ask how and where they sell their repossessed vehicles. If they sell through an auction company, they can give you information to locate the company so that you can ask about auction locations, schedules, and rules.

Also find auto auction companies with an online search or in your telephone yellow pages. Call them to determine if they handle repo vehicles for banks and loan companies. Some do and some do not.

Another way is to call local newspapers and ask when they publish car auction announcements. There is usually one one newspaper in an area that prints auction announcements on a specific schedule, say, on the third Friday every month, as an example.

What to pay for repo cars?

Bargain prices are very possible for repo cars, but not always. Banks are willing to take losses on the sale of returned or repossessed cars but they prefer not to do so, if possible.

In cases where the borrower was not upside down on his loan, the bank may seek to only recover what was owed, which could be much less than the car is actually worth — a real bargain. This could happen if the borrower had purchased his car with a large down payment or high-value trade-in. These are the deals to look for.

In other cases, which is more common, the borrower was upside down on his loan, which means he owed more than the car is worth. Obviously, the bank would like to recover the entire amount owed, but will usually price the car at fair market value if it s selling the vehicles from its parking lot. However, if selling at auction, they will accept the selling price, whatever that may be. Either way, the bank will usually incur a loss.

If you attend a repo car auction, makes sure you know the value of the cars you bid on. Take a couple of used-car price books with you. Don t overpay by getting caught up in the excitement of bidding.

What kind of cars at repo car auctions?

There are generally three kinds of cars at repossessed vehicle auctions.

Almost-new cars in new-perfect condition and with low mileage. The borrower may have just lost his job, suffered a divorce, or otherwise realized he couldn t afford the car. Bargains can be found on vehicles on which the borrower had made a large down payment, took advantage of rebates, or traded another vehicle.

Late model cars in average condition and average miles. The borrower may have had serious financial troubles, or a bankruptcy, that made it impossible to keep her car. Many of these vehicles are available for less than market value, especially if the loan was near being paid off.

Older model cars in poor condition and high mileage. The borrower may have been financially challenged when he bought the car and things became worse, which caused multiple missed payments – which resulted in a repossession. Some of these cars may have hidden problems, which might be part of the reason for the borrower s default. Such vehicles should be inspected by a mechanic, if possible, before purchase.

How to get bargain prices on repo cars

If you find a bank selling it s own repossessed cars, determine the actual value of the car you re interested in by consulting Kelley Blue Book (www.kbb.com) and NADA Guides (www.nadaguides.com) or a used-car value book.

If the bank s price is higher than the book value , negotiate with them to lower the price. If the price is already lower, you ve possibly found a good deal.

If you attend a repo car auction, go early and inspect the cars you might be interested in. You can usually look over the cars and even start them up, but you won t be able to drive them. Get a Carfax or AutoCheck vehicle history report to make sure you aren t getting a car that has been wrecked or rebuilt, or that has a salvage title.

Take your used-car price guide books (or your Internet-connected phone or tablet)  with you so that you ll know what the cars are worth. Bid wisely and follow auction rules.

Protect yourself

When you buy a repossessed car, you take a chance that it might have unknown problems that don t show themselves immediately. Consider buying a relatively inexpensive used-car warranty from a company such as Endurance Auto Warranty  to protect yourself from surprise problems. Get a free quote to see how much it will cost.

It s possible to get some great bargains at repo car auctions by taking advantage of other people s misfortune. Know how to judge repo auction cars by looking them over, since you won t be allowed to drive them. Be prepared to pay for your winnings, or be able to show approved financing.

You can get pre-approved financing from online auto loan companies such as Auto Credit Express . Once you know how much you can borrow, you ll know your auction bid limits.

How to Buy a Repossessed Car #classic #auto


#repossessed cars for sale
#

How to Buy a Repossessed Car

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Repossessed cars can be a big bargain for the savvy shopper, as they often sell below the Kelley Blue Book or NADA Guides values. The caveat is the risk associated with these cars, since they’re often sold as-is and rarely offer you the opportunity to take a test drive before buying. Whether you’re buying direct from the lender, going to an auction or visiting a reseller or dealer, get as much information about the vehicle as you can before agreeing to the purchase.

Tip

Before buying a repossessed car, order a vehicle history report and inspect the vehicle. Once you complete the purchase, it’s often impossible to get your money back.

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Direct From the Lender

Some lenders allow you access to their lists of repossessed cars and let you bid on the one you want. You might be able to finance through the same lender, complete all the paperwork in one fell swoop and avoid paying commission or other costs associated with a traditional sale. The downside is that this can take several weeks from receiving the initial list to completing the sale, and lenders aren’t always incentivized to inspect and repair the vehicle as much as they are to get it off their books. You also might have a harder time physically inspecting the car yourself until just before the sale is finalized.

Car Auctions

Lenders or police agencies may sell repossessed cars at auction. As with other repossessed vehicle sales, the cars are sold as-is. Auctions can take place at a physical location or online. You can generally look at the vehicles before the auction starts but not take a test drive. Though you sometimes can get financing, the general expectation is that you have cash at the ready to complete your purchase. Check with the auction host beforehand to avoid unpleasant surprises.

Go to the Dealership

Some used car dealers also sell repossessed cars, particularly if the vehicles were originally purchased there. Other dealers purchase repossessed vehicles at auction and resell them to customers. This is your best chance of getting a car with at least a limited warranty, particularly if the dealership has an established car repair shop associated with it. It’s also the most expensive way of buying a repossessed car. since the infrastructure of a car dealership, and the need to pay its sales force, means a higher markup.

Reseller Services

Repo reseller services acquire repossessed vehicles and sell them, often listing them online. They may inspect and detail the vehicles before the sale. In general, they want to get rid of the vehicles as soon as possible, serving as a conduit between the original lender and the eventual buyer, often without taking ownership.

Risky Business

Buying a repossessed car is a risk. The original owner may have been months behind on payments, and it’s unlikely that a vehicle owner who couldn’t afford the loan was being scrupulous about vehicle maintenance. Some trash the car before allowing it to be taken. Repossessed vehicles often are sold without a warranty, so any problems discovered later are yours alone to handle.

Repossessed Cars Archives. #auto #rent


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UnionBank Foreclosed Properties And Repossessed Cars Auctions For July 2015

Just a quick heads-up on the public auction schedules for Unionbank foreclosed properties in Metro Manila, VisMin, and repossessed cars, for July 2015. Sorry for the short notice, I just got an email about these yesterday. Get more details below. [Read more. ]

PNB Prime Foreclosed Properties and Repossessed Cars For Public Sealed Bidding On May 22, 2015

Another public sealed bidding of Prime Properties and foreclosed cars from Philippine National Bank will happen on May 22, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. Get more details below. [Read more. ]

Additional PNB Foreclosed Cars For Public Sealed Bidding on April 24, 2015

This will be a short and quick follow-up to my previous post about PNB Prime properties for public sealed bidding as I just received a list of additional PNB foreclosed cars for sale. The bidding will still be on April 24, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado [Read more. ]

Public Sealed Bidding of PNB Prime Properties and Foreclosed Cars Slated On April 24, 2015

A public sealed bidding of Prime Properties of Philippine National Bank will happen on April 24, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. A number of PNB foreclosed cars are also included in the bidding. [Read more. ]

Another Public Bidding for Prime PNB Foreclosed Properties And Repossessed Cars Slated On March 20, 2015

For the third straight month in 2015, there will be a public sealed bidding of “Prime” foreclosed properties and repossessed cars of Philippine National Bank (PNB). The next one will take place on March 20 , 2015, Friday, 10:00am, at the [Read more. ]

Prime PNB Foreclosed Properties And Repossessed Cars Sealed Bidding Slated On February 27, 2015

Prime PNB foreclosed properties and repossessed cars will be offered to the public through a public sealed bidding on February 27 , 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. The complete listing can be downloaded [Read more. ]

Maybank Yellow Garage Car Sale for Cebu, Iloilo, Davao (September 15 to October 15, 2014)

As promised in my post about Maybank repossessed cars for sale in Pasig, here are the details for their Yellow Garage Car Sale in Cebu, Iloilo, and Davao. Promo runs from September 15 to October 15, 2014. Checkout the details and complete price-lists below. [Read more. ]

Repossessed Cars Maybank Yellow Garage Car Sale Slated On September 1 30, 2014 (Pasig Calasiao)

A big number of repossessed cars are for sale at up to 10% off in Maybank’s Yellow Garage Car Sale (YGCS) for their Ugong (Pasig) and Calasiao warehouse inventories. Promo runs from September 1 to 30, 2014. Checkout the details and complete pricelist below. [Read more. ]

The Importance of Credit History and Credit Scores in Real Estate Investing

Where can you buy repossessed cars #auto #auctions


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Where can you buy repossessed cars?

Karate1000

Answered Last

Here is a variety of advice:

  • If I were you I would check out your county for repossessions to be sold they generally sale for 2/3 of the loan value.
  • I would NOT buy a car that has been repoed. Simple logic tells me that the driver was NOT doing ANY repairs or even oil changes, before it got pulled away. In my years of experience doing vehicle repos, (yes I do know what I am talking about here) the number of outright clunkers was higher than 75 percent.
  • Junk on wheels is what we used to call them. Run to death and barely able to be driven. Buyer beware is what I say.
  • What if my truck worth 15k is repoed because I quit paying on the 20k loan. Then I buy it at auction because I know I took care of it? Heck, I could even dirty it up inside a little first so it will auction for less.
  • It won’t work. If it was repo’d by a buy-here-pay-here lot, they’ll put it back on the lot and certainly aren’t going to deal with you. If it was taken by a bank or manufacturer’s finance company, it is going to a wholesale auction where you need a dealer’s license to bid. Some smaller credit unions or finance companies will sell their repo’s in their parking lot, but that’s just like the BHPH place – they aren’t going to talk to you. Besides, you STILL OWE the difference between the loan (plus repo fees) and what it brings. It’s cheaper to make your payments.
  • It’s fine to buy a repo car if you take someone with you who knows a bit about cars. Where repo cars are sold is different from place to place. Try Googling your city and car auctions or else looking up auctions in the phone book.
  • Call your local Credit Unions and ask them if they have any vehicles for sale. Most of them do these days. These are high quality cars for good prices and you are buying from a reliable source. Credit Unions will also give you good financing terms to get the cars off of their books. You could search online or just open the phone book and start calling.

Repossessed Car Auctions – Bank Auctions – by #car #auction


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Repossessed Car Auctions Bank Auctions

Repossessed Cars for Sale Repo Car Auctions Bank Repo Car Sales

How and where to buy repo cars at bargain prices. What is a repo car?

When a car owner fails to make on-time loan or lease payments, the bank or finance company will repossess the vehicle — take it back — repo it.

Typically, the buyer will be given a chance to catch up on payments or be made a payoff offer to recover the vehicle. If the buyer does not or can not get the vehicle back, the bank or lending institution takes it over and will sell it to recover some or all of the loan balance.

Repossessed cars— sometimes called bank repo or returned cars— are not the same as seized cars, impound cars, or unclaimed cars typically sold by police or government agencies. Repossessed cars belong to banks, credit unions, and finance companies.

When a buyer s vehicle is to be repossessed, the bank may send a recovery and towing service out to pick it up, often without the buyer s knowledge. However, a buyer can also voluntarily return his vehicle to the bank or finance company. The buyer may have suffered unfortunate financial difficulties, had a divorce, or otherwise could not afford the car.

Where to find repo cars for sale

Some smaller banks or credit unions may display their repo cars in their own parking lots, with for sale signs in the window. These cars can be easily spotted when driving by the institution. Get details and prices inside from a customer service representative or loan officer.

Most banks and finance companies hand over repo cars to a professional auto auction company. When the auction company sells the car, the bank gets the money, less a commission. Auctions can be public, private, or dealer-only auctions. Repossessed car auctions are sometimes mistakenly called car foreclosure auctions.

When a bank or loan company sells repossessed cars, it wants to recover enough money to pay off the existing loan balance, plus any expenses for towing and storage and the fees of the professional repo company who picked up the vehicle. However, in many cases, the bank loses money.

In tough economic times, repossessions become more common. Automobile repossessions and returns (voluntary repossessions) happen in large numbers.

How do I find repo vehicle auctions?

There are number of ways to find repossessed car auctions, sometimes called bank auctions.

One way is to simply calls banks and credit unions in your area and ask how and where they sell their repossessed vehicles. If they sell through an auction company, they can give you information to locate the company so that you can ask about auction locations, schedules, and rules.

Also find auto auction companies with an online search or in your telephone yellow pages. Call them to determine if they handle repo vehicles for banks and loan companies. Some do and some do not.

Another way is to call local newspapers and ask when they publish car auction announcements. There is usually one one newspaper in an area that prints auction announcements on a specific schedule, say, on the third Friday every month, as an example.

What to pay for repo cars?

Bargain prices are very possible for repo cars, but not always. Banks are willing to take losses on the sale of returned or repossessed cars but they prefer not to do so, if possible.

In cases where the borrower was not upside down on his loan, the bank may seek to only recover what was owed, which could be much less than the car is actually worth — a real bargain. This could happen if the borrower had purchased his car with a large down payment or high-value trade-in. These are the deals to look for.

In other cases, which is more common, the borrower was upside down on his loan, which means he owed more than the car is worth. Obviously, the bank would like to recover the entire amount owed, but will usually price the car at fair market value if it s selling the vehicles from its parking lot. However, if selling at auction, they will accept the selling price, whatever that may be. Either way, the bank will usually incur a loss.

If you attend a repo car auction, makes sure you know the value of the cars you bid on. Take a couple of used-car price books with you. Don t overpay by getting caught up in the excitement of bidding.

What kind of cars at repo car auctions?

There are generally three kinds of cars at repossessed vehicle auctions.

Almost-new cars in new-perfect condition and with low mileage. The borrower may have just lost his job, suffered a divorce, or otherwise realized he couldn t afford the car. Bargains can be found on vehicles on which the borrower had made a large down payment, took advantage of rebates, or traded another vehicle.

Late model cars in average condition and average miles. The borrower may have had serious financial troubles, or a bankruptcy, that made it impossible to keep her car. Many of these vehicles are available for less than market value, especially if the loan was near being paid off.

Older model cars in poor condition and high mileage. The borrower may have been financially challenged when he bought the car and things became worse, which caused multiple missed payments – which resulted in a repossession. Some of these cars may have hidden problems, which might be part of the reason for the borrower s default. Such vehicles should be inspected by a mechanic, if possible, before purchase.

How to get bargain prices on repo cars

If you find a bank selling it s own repossessed cars, determine the actual value of the car you re interested in by consulting Kelley Blue Book (www.kbb.com) and NADA Guides (www.nadaguides.com) or a used-car value book.

If the bank s price is higher than the book value , negotiate with them to lower the price. If the price is already lower, you ve possibly found a good deal.

If you attend a repo car auction, go early and inspect the cars you might be interested in. You can usually look over the cars and even start them up, but you won t be able to drive them. Get a Carfax or AutoCheck vehicle history report to make sure you aren t getting a car that has been wrecked or rebuilt, or that has a salvage title.

Take your used-car price guide books (or your Internet-connected phone or tablet)  with you so that you ll know what the cars are worth. Bid wisely and follow auction rules.

Protect yourself

When you buy a repossessed car, you take a chance that it might have unknown problems that don t show themselves immediately. Consider buying a relatively inexpensive used-car warranty from a company such as Endurance Auto Warranty  to protect yourself from surprise problems. Get a free quote to see how much it will cost.

It s possible to get some great bargains at repo car auctions by taking advantage of other people s misfortune. Know how to judge repo auction cars by looking them over, since you won t be allowed to drive them. Be prepared to pay for your winnings, or be able to show approved financing.

You can get pre-approved financing from online auto loan companies such as Auto Credit Express . Once you know how much you can borrow, you ll know your auction bid limits.

Repossessed Cars #geneva #auto #show


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How To Find The The Most Trusted Repossessed Cars Auction Website

There really are ways to make MASSIVE SAVINGS  on your next car, but you just need to take a little time to learn how to find the best live local repossessed cars auctions. Bidding on an E-bay ad isn t really the way how many people have ended up with a dud through buying unseen vehicles online? It s just not worth the hassle! 

You need up-to-the-minute info on your LOCAL LIVE AUCTIONS. This is really the only way to save those thousands of dollars on a really smart, well-maintained next car. It will take a little work on your part. But they will save you tons of hours of research and as good as hand your next car deal to you on a plate.

Click Here for a truly low  special deal  for all the information that you will ever need ..

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And just imagine, once you are armed with this information. No more fruitless searches on the internet no more endless calls to auction companies. Through this website you will know

EXACTLY WHERE TO GO   HOW TO WIN THE BID ON REPOSSESSED CARS

The professionals that I deal with will even give you all of your money back if you are not satisfied with the quality of service that they offer.

THEY ARE THAT CONFIDENT!

Stop wasting your time online and get into the real world of finding that luxury car that will be the envy of your friends. There are plenty of cars out there and it is now up to you to seize the chance to go out and bid on them at a repossessed cars auction. You won t be disappointed. If you don t take action now you ll never know what you could have had.

FIND YOUR DREAM CAR RIGHT HERE!

Most so-called auction websites offer poorly updated links to government online auctions. However, the site that I recommend (and a very limited number of established auction websites that charge more) offer an updated registry of all of the 3,000+ live repossessed car auctions across the nation.

So some of the frustration expressed by members on other websites has been due to the fact that people were expecting to find information on live auctions and repossessed cars while, in fact, most auction websites (my recommended site excluded ) only offer access to online auctions that are ten a penny and can seriously frustrate you. These guys, on the other hand, understand that there is a high demand for a quality, extensive, updated database of  both online and live auctions as this can save you hours of research. This is why the company has managed to keep growing and operates with

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They make no illusions on what they do actually offer. Just visit their complimentary value packed tutorials and you will quickly see that they take pride in offering a quality informational service. Importantly they offer and honor a no questions asked refund policy within 30 days should you feel the information was of no use to you.

For maximum security for their members they have outsourced the payment processing to Clickbank, the world s largest payment processor of digital/informational products.  By using this method the security of your payment details are as secure as if using your credit card in the supermarket.

All you need to do is look around their site and view the testimonials. Happy Hunting!

Just check out what they offer:

  • UNLIMITED Access to the Largest Online Source of US Government auctions in every state in the US. Get immediate 24-hours 7-days a week acc es s to their databases of auctions and listings of available cars, trucks, SUV s at up to 95% OFF Book Value with clean titles and other seized assets including
  • Gov t Pre-Owned Seized Cars, Trucks, SUV s repossessed cars
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  • 1000s Live auto auctions of Government pre-owned, seized and repossessed cars, trucks, SUVs, motorcycles, and boats to bid on, often starting at $100 to $500.
  • Online Police and Federal auctions in your local area and throughout the USA, where you can bid online so you will always get the best deals.
  • Direct links to other relevant auctions sites online and repossessed cars auction.
  • Contact information such as contact names, addresses, phone numbers, email addresses, and websites for easy reference and immediate use.
  • Google Maps showing you exact location of auctions.
  • Full access to the Member s Area, with updated reports on the locations and timing of the best Gov t auctions registered in your local area as well as your state and across the USA.
  • 24-hour 7-day a week access to all of their databases in the Member s Area.
  • Instant access, nothing to download, nothing to wait for in the mail. Get started today.
  • All new! Full and continued access to their exclusive value packed step-by-step 5 day auto auction tutorials. Note that this is not just a freebie bonus This is experience based knowledge compiled by their own staff and it will not only make you a confident buyer at any auto auction near you it will likely save you thousands of dollars. See for yourself!

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  • Bank Repossessed Cars for Sale: Where to Buy Bank Repossessed Cars on Sale for Cheap #kutztown #auto


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    Bank Repossessed Cars for Sale. Where to Buy Bank Repossessed Cars on Sale for Cheap

    Bank Repossessed Cars

    Sept. 27, 2009PRLog — Where can I buy bank repossessed cars for sale at great discounts. If this is what you’re thinking, you’re not alone. With the economic crisis stil among us, thousands of americans are turning to bank repossessed cars when buying their dream vehicles. And they’re saving thousands on anything from luxury cars to SUVs and 4x4s ( as much as 70% or more of their market value ). But, how do you find repossessed cars for sale ?

    Well, there are different ways to buy bank repossessed cars for sale. One of them is to buy your repossessed car at an offline public auction. You see, once the bank regains possession of the vehicle, the now “repossessed car” is sold at an auction as soon as possible, as a way for the lien holder to make some of their money back. Therefore, repo cars usually have a very low final price, and they’re usually bought by car dealers who want to resell them at a difference. Even though anyone can attend these public repo car auctions, they’re probaly not the best place to look for bank repossessed cars if you’re just beginning, since you’d be competing with proffesional dealers at their own game, and in their own territory.

    If this is your first time around and you’re interested in bank repossessed cars, buying repossessed cars for sale at an online auction is actually a better choice. Why. Well, you’ll be dealing with a territory that you probably already know, where you can easily check all relevant data in seconds: how much certain bank repossessed cars are being sold for, who the most reputable sellers are, how to contact other buyers, etc. And bargains are definitely to be found online as well, with savings of up to 70% or more, depending on the repossessed car’s condition. Also, there are some websites with lists of hundreds of repossessed cars for sale at the most important online auctions, all freely available to the public 24/7. If you’re looking for cheap repo cars to buy, this is most definitely the time to go for it.

    You can check updated lists of selected deals on bank repossessed cars for sale, repossessed 4x4s and SUVs at http://Repossessed- Cars-for-Sale.IncredibleProducts.info

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    Bank Repossessed Cars for Sale in Florida

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    Banks and auto loan companies often resell the repossessed cars in an effort to make up for their losses.  And these cars are sold for considerable discounts. The only thing that is left for you to do is to know how to find them and how to properly inspect them so that you can ultimately ensure a great deal. And here are some suggestions on how to avail of bank repossessed cars for sale in Florida .

    Ask the bank.

    One of the effective ways to get your hands on bank repossessed cars for sale in Florida is to ask the bank directly. You can make an inquiry for possible repossessions and how you can avail of them during a sale. These financial institutions also see the advantage of selling the cars themselves. And they are quite in a hurry to do so. This is because the more they hold on to these vehicles, the more costly storage becomes and they will not let their money sleep.

    You can take advantage of this chance to put up a great bargain. Look for the person in charge or the department especially dedicated for repossession to get a list of the available vehicles. You can pay the local bank a visit or you may also refer to their respective websites to get more information.

    Florida Cars Repossessed For Sale

    If banks do not conduct onsite sales, they do hire local auction houses to feature the repossessed cars. In which case, it will also be a good idea to inquire from these auction houses and organizers. Ask about upcoming dates for repossessed vehicle auctions.

    Alternatively, you can look up announcements on newspapers and classified ads. Since banks are in a hurry to liquidate, they would want as many people to be in attendance during the auction. This is why they are willing to pay the extra money to let as many people know about the sale event.

    Check with local auto dealers.

    You will also find it easy to look for dealers over the internet. All it takes is a little time to research for availability of bank repossessed cars for sale in Florida. And the next thing you know, you may find yourself driving a great bargain.

    There are plenty of ways by which one man’s misfortune can become your fortune. And this is true in the case of bank repossessed cars for sale in Florida. As a matter of fact, you can get these repossessed automobiles for only a fraction of its original cost. It can be such a great deal that you will not be able to avail of anywhere else. And this is the reason why a lot of interested buyers line up to get their hands on one of the repossessed cars for sale in Florida.

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    Finding these auctions for US bank repossessed cars for sale should not cost you a dime. The thing is, the only reason why other people.

    If you are planning to buy a car but your budget does not allow you to purchase a brand new one, you should consider buying.

    Repossessed Cars Archives. #sell #my #car


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    UnionBank Foreclosed Properties And Repossessed Cars Auctions For July 2015

    Just a quick heads-up on the public auction schedules for Unionbank foreclosed properties in Metro Manila, VisMin, and repossessed cars, for July 2015. Sorry for the short notice, I just got an email about these yesterday. Get more details below. [Read more. ]

    PNB Prime Foreclosed Properties and Repossessed Cars For Public Sealed Bidding On May 22, 2015

    Another public sealed bidding of Prime Properties and foreclosed cars from Philippine National Bank will happen on May 22, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. Get more details below. [Read more. ]

    Additional PNB Foreclosed Cars For Public Sealed Bidding on April 24, 2015

    This will be a short and quick follow-up to my previous post about PNB Prime properties for public sealed bidding as I just received a list of additional PNB foreclosed cars for sale. The bidding will still be on April 24, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado [Read more. ]

    Public Sealed Bidding of PNB Prime Properties and Foreclosed Cars Slated On April 24, 2015

    A public sealed bidding of Prime Properties of Philippine National Bank will happen on April 24, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. A number of PNB foreclosed cars are also included in the bidding. [Read more. ]

    Another Public Bidding for Prime PNB Foreclosed Properties And Repossessed Cars Slated On March 20, 2015

    For the third straight month in 2015, there will be a public sealed bidding of “Prime” foreclosed properties and repossessed cars of Philippine National Bank (PNB). The next one will take place on March 20 , 2015, Friday, 10:00am, at the [Read more. ]

    Prime PNB Foreclosed Properties And Repossessed Cars Sealed Bidding Slated On February 27, 2015

    Prime PNB foreclosed properties and repossessed cars will be offered to the public through a public sealed bidding on February 27 , 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. The complete listing can be downloaded [Read more. ]

    Maybank Yellow Garage Car Sale for Cebu, Iloilo, Davao (September 15 to October 15, 2014)

    As promised in my post about Maybank repossessed cars for sale in Pasig, here are the details for their Yellow Garage Car Sale in Cebu, Iloilo, and Davao. Promo runs from September 15 to October 15, 2014. Checkout the details and complete price-lists below. [Read more. ]

    Repossessed Cars Maybank Yellow Garage Car Sale Slated On September 1 30, 2014 (Pasig Calasiao)

    A big number of repossessed cars are for sale at up to 10% off in Maybank’s Yellow Garage Car Sale (YGCS) for their Ugong (Pasig) and Calasiao warehouse inventories. Promo runs from September 1 to 30, 2014. Checkout the details and complete pricelist below. [Read more. ]

    The Importance of Credit History and Credit Scores in Real Estate Investing

    Repo Car Auctions Newburgh NY – repo car auctions, Newburgh NY repossessed cars, Newburgh NY used car, Newburgh NY buying used car, Newburgh NY repossessed vehicles #roseville #auto #mall


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    Repo Car Auctions

    What is a repossessed (repo) car?

    When a car owner fails to make on-time loan or lease payments, the bank or finance company will repossess the vehicle — take it back. Typically, the buyer will be given a chance to catch up on payments or be made a payoff offer to recover the vehicle. If the buyer does not or can not get the vehicle back, the bank or lending institution takes it over and will sell it to recover some or all of the loan balance.

    Repossessed cars are not the same as seized cars, impound cars, or unclaimed cars typically sold by police or government agencies. Repossessed cars belong to banks, credit unions, and finance companies.

    Some smaller banks or credit unions may display repo cars in their own parking lots, with “for sale” signs in the window. These cars can be easily spotted when driving by the bank.

    Most banks and finance companies hand over repo cars to a professional auction company. When the auction company sells the car, the bank gets the money, less a commission. Auctions can be public, private, or dealer-only auctions. Repossessed car auctions are sometimes mistakenly called “car forcloseure auctions.”

    When a bank or loan company sells repossessed cars, it wants to recover enough money to pay off the existing loan balance, plus any expenses for towing and storage and the fees of the professional repo company who picked up the vehicle.

    In tough economic times, repossessions become mo.

    Where can you buy repossessed cars #auto #insurance #ratings


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    Where can you buy repossessed cars?

    Karate1000

    Answered Last

    Here is a variety of advice:

    • If I were you I would check out your county for repossessions to be sold they generally sale for 2/3 of the loan value.
    • I would NOT buy a car that has been repoed. Simple logic tells me that the driver was NOT doing ANY repairs or even oil changes, before it got pulled away. In my years of experience doing vehicle repos, (yes I do know what I am talking about here) the number of outright clunkers was higher than 75 percent.
    • Junk on wheels is what we used to call them. Run to death and barely able to be driven. Buyer beware is what I say.
    • What if my truck worth 15k is repoed because I quit paying on the 20k loan. Then I buy it at auction because I know I took care of it? Heck, I could even dirty it up inside a little first so it will auction for less.
    • It won’t work. If it was repo’d by a buy-here-pay-here lot, they’ll put it back on the lot and certainly aren’t going to deal with you. If it was taken by a bank or manufacturer’s finance company, it is going to a wholesale auction where you need a dealer’s license to bid. Some smaller credit unions or finance companies will sell their repo’s in their parking lot, but that’s just like the BHPH place – they aren’t going to talk to you. Besides, you STILL OWE the difference between the loan (plus repo fees) and what it brings. It’s cheaper to make your payments.
    • It’s fine to buy a repo car if you take someone with you who knows a bit about cars. Where repo cars are sold is different from place to place. Try Googling your city and car auctions or else looking up auctions in the phone book.
    • Call your local Credit Unions and ask them if they have any vehicles for sale. Most of them do these days. These are high quality cars for good prices and you are buying from a reliable source. Credit Unions will also give you good financing terms to get the cars off of their books. You could search online or just open the phone book and start calling.

    What are the benefits of repossessed cars? #auto #car #sales


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    What are the benefits of repossessed cars ?

    Cars are some of the most indispensable machines in the lives of countless of people, and comprehensively ensure the smooth running of their lives. From conveniently navigation to your workplace to running an errand to the nearby store or even going to any other place, a car can be of significant help. It is, thus, extremely prudent when you might be on the look out for the right car for you to be capable of weighing the pros and cons in a impartial manner. And this will ensure that you obtain the right type of vehicle for your peculiar needs.

    Most well informed drivers have been over the years turning to repossessed cars, which are sold on auction by most governmental institutions like police car auctions departments, the IRS, FBI or even the DEA. Such vehicles carry typical outrageous low price tags that can shock even the most astute car enthusiast, judging by the unmatched quality and condition of these vehicles. And they range from functional sedans, elegant SUVs to even trucks that are all in good working condition, and you can efficiently find the right vehicle that matches your preferences.

    Don t assume that seized and bank repo cars are junk. Drug dealers drive nice big Cadillac Escalades that are not junk. People who have repossessed cars don t all mistreat their cars they just fell on hard times, lost jobs, got divorced, etc.

    Most repossessed cars for sale are at the peak of their “lives” and are generally 2 or 3 years old, which ensures that you can still get the most out of them for many long years. Not to mention the fact that they are naturally impeccably maintained, and buying one wouldn’t obligate you to make drastic maintenance or repair jobs on them. In their eagerness to dispose of these vehicles, these governmental agencies can at times start auctioning them for up to 95% less than their real worth. And this can be a great boon to an informed and cautious buyer in making a real lucrative bargain.

    On the other hand, due to the ongoing economic woes that have recently plagued the world, the sales of new cars has taken a deep plunge, which has invariably escalated the demand for functional and well maintained used vehicles. If recent statistics are anything to go by, it has been established that the demand for fuel efficient vehicles has particularly hit the roof. And this attests to the confidence most drivers have in these second hand vehicles .

    To buy bank repossessed cars which are for sale, you can contact the bank or the auction house where the cars are being sold. Most banks and finance companies usually hand over repo cars to a professional auto auction company.

    What’s more, the insurance you would ordinarily pay for repossessed cars is significantly lower than what you might foot for a new car. Most especially in collision and comprehensive car insurance policies, which can decrease the overall amount of money you might have to pay to put your used car on the road. It has also been determined that used cars depreciate at a much more slower rate than new vehicles. and you can undoubtedly get the most out of a well maintained used car. Here are some vital tips that can assist you in making an informed purchase of the vehicle that will befit your distinct needs.

    Take careful thought of the cost you might incur

    It is extremely imperative to ascertain just what type of car you can comfortably afford in your peculiar circumstances, and should you be obligated to dispose of your old vehicle, it can pay to reflect on its current worth in relation to the used vehicle you will ultimately purchase. It can be also wise to insist on getting accurate insurance quotes on the car you set your eyes upon, which will ensure you make a well informed purchase.

    Find the repossessed car that fits your distinct needs

    From the onset of contemplating to buy repossessed cars, you should always focus on the distinct features you might be searching for in the used car you want to buy. And this can include the specific model or design you are looking for, the engine capacity and performance you wish, its accumulated mileage, its seating capabilities, or even its cargo holding capacity.

    It s fine to buy a repo car if you take someone with you who knows a bit about cars. Where repo cars are sold is different from place to place. Try Googling your city and car auctions or else looking up auctions in the phone book.

    Make sure that you base your list of indispensable features on what is on the ground for your particular situation, which always helps in choosing the best vehicle that fits your immediate needs. It is also important while accomplishing this task, to keep your options open by considering 2 or 3 likely vehicles. This will ensure you have an infinitely easy time of narrowing down the line to the best vehicle for you. While still bearing in mind that different makes of the same class can at most times depreciate at varying rates. You should always go for the car that can hold on to its value longer, and it will, consequently, cost you a significantly lower price as the days go by.

    Take time to ascertain the exact condition of the repossessed car you want to buy

    It is important while assessing repossessed cars for sale, to always take time to acquaint yourself with its nitty gritty particulars, which can effectively guide you to make the right purchase. To this end, always ascertain the car’s model year, mileage or even the condition of its tires treads. As this can be an excellent way of determining just how long you will use it without necessitating maintenance checks.

    Bank and loan companies sometimes sell repossessed cars to pay off defaulted loans. Quality varies from car to car. Since the vehicle is being sold to recover the amount due on a loan, it may be possible to get a good deal on a reliable car.

    It can also be good if possible, to test drive the vehicle in question, and be on the close look out for its distinct handling performance, its braking capabilities or even its acceleration. You should also make a comprehensive background check on the used car you wish to buy, which will tell you a lot about the previous owner’s relevant history, its certified mileage, or if it has been subjected to major maintenance or repair works.

    It is also of great import to ascertain if the vehicle has not been salvaged from a car accident, and you can do this by checking its identification number against the National insurance crime bureau’ s comprehensive database. This will ensure you get only the best and safest vehicle that matches your particular expectations. Finally, should it be advisable you can enlist the aid of a professional car shop to make an in-depth under the hood inspection to ensure that everything is in the right condition. There are many other elements to mention where this topic is concerened but the above is an insight.

    Repossessed Cars For Sale #car #selling #sites


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    #

    Repossessed Cars For Sale

    This page is dedicated to offering you the best listings of repossessed cars for sale. We ll be actively hunting down the best repossessed cars for sale in your State. We re also partnering with some of the best vendors of repossessed cars for sale, in order to get the bargains right in front of your eyes. Keep your eyes right here and prepare to see magic!

    Buy repossessed cars for sale

    Buyers: Find Your Best Repossessed Cars For Sale

    Buyers: Keep right up to date with our newsletter which will prompt you on the best bargains going on repossessed cars for sale .

    Sellers: Show Your Best Repossessed Cars For Sale

    Sellers: Use the contact form if you are offering repossessed cars for sale and would like free listings. Let us know what you have to offer. Get in quick if you missed the recent mailing!

    What we hope to achieve here is putting the buyer of repossessed cars right where they need to be by also placing the best repossessed cars for sale right in front of you. At repossessed cars we ve taken the feedback over the past year and a half that what you are truly looking for is the best free listings of repossessed cars for sale, period.

    Well that is what we are about to provide. Stay tuned for repossessed cars for sale .

    Repossessed Cars for Sale: How and Where to Buy? #used #auto #prices


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    #

    News

    Repossessed Cars for Sale: How and Where to Buy?

    You have probably seen in the local newspapers and at specific websites print and online ads offering to buy repossessed cars for sale at very affordable prices suitable for every purse even with very low budget. In a case your financial status is not so good at the moment you can also appeal to such ads to buy one of repossessed cars and use it for your personal needs. Nowadays repossessed cars for sale or repo autos are in high demand and that is why they are quite available online and at public auctions and on-site auction venues. The next recommendations will help you to choose among repo vehicles the most fitting to your requests.

    At first let s focus on what are repossessed cars for sale and why prices on them are rather low? You will hardly be surprised if anyone says that repo cars can t be compared with salvage autos or even with used cars. It happens so because they belong to a separate class and be categorized to this class only if they were initially seized by different financial establishments like banks from those owners who didn t manage to pay for them due to a credit agreement. Huge governmental financial institutions like the national banks are not involved into the auto sales business and that is why they try to sell such cars at very low prices to get rid of them in quick and profitable for them way.

    You can use such policy as an advantage and buy one of repossessed cars for sale in a very good operable condition practically for free comparing with prices they ask for new cars in the showrooms. Besides among repo cars you can find almost new autos which were seized because of credit debts of their owners.

    Surely the first question that appears after enumerating all these advantages of using repossessed cars is where you can find them and how to make the best deal when buying such vehicles? Seeking for repossessed cars for sale won t cause any difficulties because there are few places where you can appeal to find numerous offers to select from:

    • banks and other financial organizations to find one of repo cars to buy you need at first to call few local banks, several credit unions and other financial institutions that may be involved into trading of repo vehicles. In any case over there they will advise you where to appeal in order to find repo autos put on sale.
    • local, state and even federal governmental agencies is another place where you can go to buy a repo car. Offices of these organizations are usually located in all big cities as well in small towns so you can easily reach them and find out dates of the upcoming repo cars-orientated public auctions. Besides usually such organization won t demand from you paying a fee for getting an access to such auction as a full-time participant.
    • visit onsite auctions of national or local importance. We can t say whether these or those public auctions held in onsite auction houses are better that appealing to all enumerated above institutions or not but still many dealers and sellers deal with them so you can try your luck and attend one of them at first as a spectator and then as a participant.
    • bid at online and free repo auctions. Such bidding has its obvious risks but if you deal with trustworthy companies selling repo cars online you will manage to buy one of repossessed cars for sale without leaving your home by saving your time and money.

    No matter what of offered ways you choose to find a repo car you can use the following tips to buy a repossessed auto with maximum benefits for yourself:

    1. Ask for warranty and insurance documents. If they can t offer you a warranty because of its expiration prepare to the fact that you will have to purchase a warranty in addition to a car.
    2. Always check a car s title all documents proving this or that car s title and records reflecting its history should be given to you as new owner of a repossessed car. Pay attention to this fact.
    3. And at last never forget about asking few questions concerning a repo auto manufacturing. Prepare to buy a car with a color you don t like and never buy at new and creative exterior design giving preference to reliable inner systems instead.

    Register at Easyexport Auto Auctions and get the access to repossessed cars for sale!

    What are the benefits of repossessed cars? #kia #auto #parts


    #repossessed cars for sale
    #

    What are the benefits of repossessed cars ?

    Cars are some of the most indispensable machines in the lives of countless of people, and comprehensively ensure the smooth running of their lives. From conveniently navigation to your workplace to running an errand to the nearby store or even going to any other place, a car can be of significant help. It is, thus, extremely prudent when you might be on the look out for the right car for you to be capable of weighing the pros and cons in a impartial manner. And this will ensure that you obtain the right type of vehicle for your peculiar needs.

    Most well informed drivers have been over the years turning to repossessed cars, which are sold on auction by most governmental institutions like police car auctions departments, the IRS, FBI or even the DEA. Such vehicles carry typical outrageous low price tags that can shock even the most astute car enthusiast, judging by the unmatched quality and condition of these vehicles. And they range from functional sedans, elegant SUVs to even trucks that are all in good working condition, and you can efficiently find the right vehicle that matches your preferences.

    Don t assume that seized and bank repo cars are junk. Drug dealers drive nice big Cadillac Escalades that are not junk. People who have repossessed cars don t all mistreat their cars they just fell on hard times, lost jobs, got divorced, etc.

    Most repossessed cars for sale are at the peak of their “lives” and are generally 2 or 3 years old, which ensures that you can still get the most out of them for many long years. Not to mention the fact that they are naturally impeccably maintained, and buying one wouldn’t obligate you to make drastic maintenance or repair jobs on them. In their eagerness to dispose of these vehicles, these governmental agencies can at times start auctioning them for up to 95% less than their real worth. And this can be a great boon to an informed and cautious buyer in making a real lucrative bargain.

    On the other hand, due to the ongoing economic woes that have recently plagued the world, the sales of new cars has taken a deep plunge, which has invariably escalated the demand for functional and well maintained used vehicles. If recent statistics are anything to go by, it has been established that the demand for fuel efficient vehicles has particularly hit the roof. And this attests to the confidence most drivers have in these second hand vehicles .

    To buy bank repossessed cars which are for sale, you can contact the bank or the auction house where the cars are being sold. Most banks and finance companies usually hand over repo cars to a professional auto auction company.

    What’s more, the insurance you would ordinarily pay for repossessed cars is significantly lower than what you might foot for a new car. Most especially in collision and comprehensive car insurance policies, which can decrease the overall amount of money you might have to pay to put your used car on the road. It has also been determined that used cars depreciate at a much more slower rate than new vehicles. and you can undoubtedly get the most out of a well maintained used car. Here are some vital tips that can assist you in making an informed purchase of the vehicle that will befit your distinct needs.

    Take careful thought of the cost you might incur

    It is extremely imperative to ascertain just what type of car you can comfortably afford in your peculiar circumstances, and should you be obligated to dispose of your old vehicle, it can pay to reflect on its current worth in relation to the used vehicle you will ultimately purchase. It can be also wise to insist on getting accurate insurance quotes on the car you set your eyes upon, which will ensure you make a well informed purchase.

    Find the repossessed car that fits your distinct needs

    From the onset of contemplating to buy repossessed cars, you should always focus on the distinct features you might be searching for in the used car you want to buy. And this can include the specific model or design you are looking for, the engine capacity and performance you wish, its accumulated mileage, its seating capabilities, or even its cargo holding capacity.

    It s fine to buy a repo car if you take someone with you who knows a bit about cars. Where repo cars are sold is different from place to place. Try Googling your city and car auctions or else looking up auctions in the phone book.

    Make sure that you base your list of indispensable features on what is on the ground for your particular situation, which always helps in choosing the best vehicle that fits your immediate needs. It is also important while accomplishing this task, to keep your options open by considering 2 or 3 likely vehicles. This will ensure you have an infinitely easy time of narrowing down the line to the best vehicle for you. While still bearing in mind that different makes of the same class can at most times depreciate at varying rates. You should always go for the car that can hold on to its value longer, and it will, consequently, cost you a significantly lower price as the days go by.

    Take time to ascertain the exact condition of the repossessed car you want to buy

    It is important while assessing repossessed cars for sale, to always take time to acquaint yourself with its nitty gritty particulars, which can effectively guide you to make the right purchase. To this end, always ascertain the car’s model year, mileage or even the condition of its tires treads. As this can be an excellent way of determining just how long you will use it without necessitating maintenance checks.

    Bank and loan companies sometimes sell repossessed cars to pay off defaulted loans. Quality varies from car to car. Since the vehicle is being sold to recover the amount due on a loan, it may be possible to get a good deal on a reliable car.

    It can also be good if possible, to test drive the vehicle in question, and be on the close look out for its distinct handling performance, its braking capabilities or even its acceleration. You should also make a comprehensive background check on the used car you wish to buy, which will tell you a lot about the previous owner’s relevant history, its certified mileage, or if it has been subjected to major maintenance or repair works.

    It is also of great import to ascertain if the vehicle has not been salvaged from a car accident, and you can do this by checking its identification number against the National insurance crime bureau’ s comprehensive database. This will ensure you get only the best and safest vehicle that matches your particular expectations. Finally, should it be advisable you can enlist the aid of a professional car shop to make an in-depth under the hood inspection to ensure that everything is in the right condition. There are many other elements to mention where this topic is concerened but the above is an insight.

    Repossessed Car Auctions – Bank Auctions – by #auto #quotes


    #repossessed cars for sale
    #

    Repossessed Car Auctions Bank Auctions

    Repossessed Cars for Sale Repo Car Auctions Bank Repo Car Sales

    How and where to buy repo cars at bargain prices. What is a repo car?

    When a car owner fails to make on-time loan or lease payments, the bank or finance company will repossess the vehicle — take it back — repo it.

    Typically, the buyer will be given a chance to catch up on payments or be made a payoff offer to recover the vehicle. If the buyer does not or can not get the vehicle back, the bank or lending institution takes it over and will sell it to recover some or all of the loan balance.

    Repossessed cars— sometimes called bank repo or returned cars— are not the same as seized cars, impound cars, or unclaimed cars typically sold by police or government agencies. Repossessed cars belong to banks, credit unions, and finance companies.

    When a buyer s vehicle is to be repossessed, the bank may send a recovery and towing service out to pick it up, often without the buyer s knowledge. However, a buyer can also voluntarily return his vehicle to the bank or finance company. The buyer may have suffered unfortunate financial difficulties, had a divorce, or otherwise could not afford the car.

    Where to find repo cars for sale

    Some smaller banks or credit unions may display their repo cars in their own parking lots, with for sale signs in the window. These cars can be easily spotted when driving by the institution. Get details and prices inside from a customer service representative or loan officer.

    Most banks and finance companies hand over repo cars to a professional auto auction company. When the auction company sells the car, the bank gets the money, less a commission. Auctions can be public, private, or dealer-only auctions. Repossessed car auctions are sometimes mistakenly called car foreclosure auctions.

    When a bank or loan company sells repossessed cars, it wants to recover enough money to pay off the existing loan balance, plus any expenses for towing and storage and the fees of the professional repo company who picked up the vehicle. However, in many cases, the bank loses money.

    In tough economic times, repossessions become more common. Automobile repossessions and returns (voluntary repossessions) happen in large numbers.

    How do I find repo vehicle auctions?

    There are number of ways to find repossessed car auctions, sometimes called bank auctions.

    One way is to simply calls banks and credit unions in your area and ask how and where they sell their repossessed vehicles. If they sell through an auction company, they can give you information to locate the company so that you can ask about auction locations, schedules, and rules.

    Also find auto auction companies with an online search or in your telephone yellow pages. Call them to determine if they handle repo vehicles for banks and loan companies. Some do and some do not.

    Another way is to call local newspapers and ask when they publish car auction announcements. There is usually one one newspaper in an area that prints auction announcements on a specific schedule, say, on the third Friday every month, as an example.

    What to pay for repo cars?

    Bargain prices are very possible for repo cars, but not always. Banks are willing to take losses on the sale of returned or repossessed cars but they prefer not to do so, if possible.

    In cases where the borrower was not upside down on his loan, the bank may seek to only recover what was owed, which could be much less than the car is actually worth — a real bargain. This could happen if the borrower had purchased his car with a large down payment or high-value trade-in. These are the deals to look for.

    In other cases, which is more common, the borrower was upside down on his loan, which means he owed more than the car is worth. Obviously, the bank would like to recover the entire amount owed, but will usually price the car at fair market value if it s selling the vehicles from its parking lot. However, if selling at auction, they will accept the selling price, whatever that may be. Either way, the bank will usually incur a loss.

    If you attend a repo car auction, makes sure you know the value of the cars you bid on. Take a couple of used-car price books with you. Don t overpay by getting caught up in the excitement of bidding.

    What kind of cars at repo car auctions?

    There are generally three kinds of cars at repossessed vehicle auctions.

    Almost-new cars in new-perfect condition and with low mileage. The borrower may have just lost his job, suffered a divorce, or otherwise realized he couldn t afford the car. Bargains can be found on vehicles on which the borrower had made a large down payment, took advantage of rebates, or traded another vehicle.

    Late model cars in average condition and average miles. The borrower may have had serious financial troubles, or a bankruptcy, that made it impossible to keep her car. Many of these vehicles are available for less than market value, especially if the loan was near being paid off.

    Older model cars in poor condition and high mileage. The borrower may have been financially challenged when he bought the car and things became worse, which caused multiple missed payments – which resulted in a repossession. Some of these cars may have hidden problems, which might be part of the reason for the borrower s default. Such vehicles should be inspected by a mechanic, if possible, before purchase.

    How to get bargain prices on repo cars

    If you find a bank selling it s own repossessed cars, determine the actual value of the car you re interested in by consulting Kelley Blue Book (www.kbb.com) and NADA Guides (www.nadaguides.com) or a used-car value book.

    If the bank s price is higher than the book value , negotiate with them to lower the price. If the price is already lower, you ve possibly found a good deal.

    If you attend a repo car auction, go early and inspect the cars you might be interested in. You can usually look over the cars and even start them up, but you won t be able to drive them. Get a Carfax or AutoCheck vehicle history report to make sure you aren t getting a car that has been wrecked or rebuilt, or that has a salvage title.

    Take your used-car price guide books (or your Internet-connected phone or tablet)  with you so that you ll know what the cars are worth. Bid wisely and follow auction rules.

    Protect yourself

    When you buy a repossessed car, you take a chance that it might have unknown problems that don t show themselves immediately. Consider buying a relatively inexpensive used-car warranty from a company such as Endurance Auto Warranty  to protect yourself from surprise problems. Get a free quote to see how much it will cost.

    It s possible to get some great bargains at repo car auctions by taking advantage of other people s misfortune. Know how to judge repo auction cars by looking them over, since you won t be allowed to drive them. Be prepared to pay for your winnings, or be able to show approved financing.

    You can get pre-approved financing from online auto loan companies such as Auto Credit Express . Once you know how much you can borrow, you ll know your auction bid limits.

    Bank Repossessed Cars For Sale, Click Here! #chief #auto #parts


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    #

    Bank Repossessed Cars

    Are you thinking of buying yourself another car? Are you thinking of buying a car that you have always wanted? Well, you have to know that buying a brand new car is not the only way to get the car of your dreams. One way to get the car you want without having to pay as much is by purchasing bank repossessed cars .

    Bank repossessed cars are usually sold off at auctions so you must know a thing or two before you start bidding with your own money. Read on to know some important facts as well as common but crucial advices when dealing with various kinds of sales and auctions for repossessed cars.

    1. Where do bank repossessed cars come from?

    Repossessed cars are used cars. When we say used cars, it does not necessarily mean that the vehicles involved have too much wear and tear on them. In fact, vehicles which are repossessed by banks are often near their brand new condition. The previous owners of these cars have probably not met their payment terms despite the chances to pay given by the banks. Now, as part of the agreement, a buyer will have to give back his car if he cannot abide by the sale terms. In essence, these repossessed cars are almost new and are in good running condition but they have to be sold off to other interested buyers who can pay for them even at much lower prices.

    2. How much can you save when buying a bank cars from repossessed?

    Buying a repossessed car either from the bank or the government can usually give you an amazing slash off the retail price. In fact, you can get as much as 30-70% off the car’s retail price. For this reason, being able to bid for a car in an auction is considered to be a great opportunity to buy an excellent (even a luxury) car with the best deals.

    3. Where can you know about bank repossessed car auctions and sales?

    The first place that you should rely on is the bank. Banks often have their own form of announcement whenever they will be holding repossessed car auctions. Despite these announcements, do not expect it to be widely advertised as banks do not need to go into great extents of advertising such events. It would be better if you have direct contacts which can provide you such sale or auction information. Another way to get updated auction or sale schedules for bank repossessed vehicle is by using online resources. There are several websites which specialize in repossessed or seized car auctions. You simply have to go online to know the car auction and sales schedules in your area.

    4. What’s the big deal with repossessed cars?

    The answer to this is quite simple: bank repossessed vehicles are great car deals which should never be allowed to pass on. You can buy the car you want for yourself or you can also buy a car that you can resell for profit.

    Repossessed Cars Archives.


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    UnionBank Foreclosed Properties And Repossessed Cars Auctions For July 2015

    Just a quick heads-up on the public auction schedules for Unionbank foreclosed properties in Metro Manila, VisMin, and repossessed cars, for July 2015. Sorry for the short notice, I just got an email about these yesterday. Get more details below. [Read more. ]

    PNB Prime Foreclosed Properties and Repossessed Cars For Public Sealed Bidding On May 22, 2015

    Another public sealed bidding of Prime Properties and foreclosed cars from Philippine National Bank will happen on May 22, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. Get more details below. [Read more. ]

    Additional PNB Foreclosed Cars For Public Sealed Bidding on April 24, 2015

    This will be a short and quick follow-up to my previous post about PNB Prime properties for public sealed bidding as I just received a list of additional PNB foreclosed cars for sale. The bidding will still be on April 24, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado [Read more. ]

    Public Sealed Bidding of PNB Prime Properties and Foreclosed Cars Slated On April 24, 2015

    A public sealed bidding of Prime Properties of Philippine National Bank will happen on April 24, 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. A number of PNB foreclosed cars are also included in the bidding. [Read more. ]

    Another Public Bidding for Prime PNB Foreclosed Properties And Repossessed Cars Slated On March 20, 2015

    For the third straight month in 2015, there will be a public sealed bidding of “Prime” foreclosed properties and repossessed cars of Philippine National Bank (PNB). The next one will take place on March 20 , 2015, Friday, 10:00am, at the [Read more. ]

    Prime PNB Foreclosed Properties And Repossessed Cars Sealed Bidding Slated On February 27, 2015

    Prime PNB foreclosed properties and repossessed cars will be offered to the public through a public sealed bidding on February 27 , 2015, Friday, 10:00am, at the 9th Floor, Financial Center, President Diosdado Macapagal Boulevard, Pasay City, Philippines. The complete listing can be downloaded [Read more. ]

    Maybank Yellow Garage Car Sale for Cebu, Iloilo, Davao (September 15 to October 15, 2014)

    As promised in my post about Maybank repossessed cars for sale in Pasig, here are the details for their Yellow Garage Car Sale in Cebu, Iloilo, and Davao. Promo runs from September 15 to October 15, 2014. Checkout the details and complete price-lists below. [Read more. ]

    Repossessed Cars Maybank Yellow Garage Car Sale Slated On September 1 30, 2014 (Pasig Calasiao)

    A big number of repossessed cars are for sale at up to 10% off in Maybank’s Yellow Garage Car Sale (YGCS) for their Ugong (Pasig) and Calasiao warehouse inventories. Promo runs from September 1 to 30, 2014. Checkout the details and complete pricelist below. [Read more. ]

    The Importance of Credit History and Credit Scores in Real Estate Investing