Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Please note that it is not permitted to have referral links posted in your signature. Keep these links contained in the appropriate forum. Thank you.

https://www.boards.ie/discussion/2055940817/signature-rules
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Repo Cars

  • 31-10-2010 6:23pm
    #1
    littletiger
    Registered Users, Registered Users 2 Posts: 256 ✭✭


    Can an ordinary joe but a repo car from a repo company?
    If so are they much cheaper and is there many plavces that do them?


Comments

  • #2
    -Chris-
    Closed Accounts Posts: 12,035 ✭✭✭✭-Chris-


    I'm not definite, but I'd presume they auction them.

    If so, than any ordinary Joe can buy them, but the way auction prices have gone recently (due to ordinary Joes buying cars at auction, mostly) it's often not worth your while.


  • #3
    ToxicPaddy
    Moderators, Business & Finance Moderators, Society & Culture Moderators Posts: 9,763 Mod ✭✭✭✭ToxicPaddy


    I know someone who bought a repo'd Merc, but had a contact in the bank who had the finance on it and they let him know, he approached the bank and offered to buy it, negotiations were done and he got the keys to it a few weeks back..

    By his own admission, he was lucky, his contact in the bank helped him with it, 99% go to auction..


  • #4
    MidlandsM
    Banned (with Prison Access) Posts: 5,737 ✭✭✭MidlandsM


    littletiger wrote: »
    Can an ordinary joe but a repo car from a repo company?
    If so are they much cheaper and is there many plavces that do them?

    The repo co is just the contractor to regain posession of the vehicle, so you can't buy from them.
    The Financial institution as the owners will sell vehicles to you, if you approach them and ideally have a contact in there.

    Are the cheaper? yeah, can be - you'll avoid auction fee's/vat stuff like that and can haggle with owner as opposed to fighting off other bidders in a heated staged auction enviroment.
    I've bought 4x4's etc from banks etc........no hassles.
    Plus, you can go to the banks compound and inspect the vehicle more than you'll ever get to do at auction.

    It's like most things in life, if you don't ask, you don't get


Advertisement