WebApr 10, 2024 · Buying a repossessed car? I found a 2024 VW with only 6,000 miles for a decent price, but the carfax shows that it was repossessed in January. I know it's not … WebWe serve as Reddit's central hub for vehicle-related discussion including industry news, reviews, projects, videos, DIY guides, advice, stories, and more. 3.5m Members 4.8k Online Created Mar 20, 2008 Top posts june 23rd 2015 Top …
Is buying a repo
WebWish I had that $500 now to just buy a motorcycle. Situation is I tried to finance a car after a bad car accident last year I got t-boned by a guy who ran a red light, he totaled my car. I decided to finance a used car because I didn't want to buy a junker that I'd have to repair every few months. We agreed on payments of $238. WebJul 11, 2024 · One noted that the repossessed cars are coming out of situations where the buyer's loan-to-value ratio is trending well north of 100%. Loan-to-value, or LTV, refers to … first national bank rewards redemption
How to Recover From a Car Repossession in 5 Steps
WebNov 28, 2024 · If the repossessed car sold at auction for $7,000, you’d still owe $2,000 on the car, plus repossession expenses, in some cases. This is called a deficiency balance. WebRepossessed cars for sale Repo Car Auction USA Bank Repo Auto Sales Bid N Drive Home Search CARS Search Result (101 466) Features Location / Sale time Price Add to Watchlist 2014 BMW ACTIVEHYBR Lot# 2068078130 VIN WBA5E1C56ED221071 Odometer 66 309 miles BRIGHTON, COLORADO, USA 04/13/2024 2:00 PM EDT 1d. … WebSep 22, 2024 · The tricky thing about buying a repossessed car is that you have no clue how well the prior owner took care of the vehicle. That being said, getting your hands on the Carfax, and asking the seller (whether it be a dealer or a bank auction) to review the service history is an absolute must. The more information you can get on the history of the ... first national bank richboro