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Old 11-20-2002, 09:06 AM   #1
MasterPain
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Member#: 25949
Join Date: Oct 2002
Location: Albany NY
Vehicle:
04 wrx
wrb

Default Buying repossesed cars...

Found a good price on a Honda s2k, a few grand under book, so I called up and found it was a repossesed car that a local repo depot bought from a credit union in Florida. Should I even consider this? Would Carfax be a reliable source in this case?
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Old 11-20-2002, 09:10 AM   #2
tsbarro
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Member#: 18358
Join Date: May 2002
Location: Norwalk,CT
Vehicle:
02 WRX Wagon
Midnight black pearl

Default

I think that these can be pretty good deals, as long as you do a little research.. I bought a Honda Accord that was repossesed after it was stolen, for a few k under book.. There were some fishy repairs made to the vehicle that were not disclosed to me, but that the seller re-imbursed me for after they were repaired correctly. A letter from the insurance company accompanied the vehicle, and car fax did say it was stolen and recovered, so all the stories corroberated w/ each other. I went for it and have been happy since.. Just make sure you bring it to a shop that can do a full diagnosis on any problems with the car, and try and be a good judge of the poeple your dealing with.

Good luck,
Ts
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Old 11-20-2002, 09:32 AM   #3
jmaluso
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Member#: 6616
Join Date: May 2001
Chapter/Region: SCIC
Location: SLO, CA
Vehicle:
'07 Mazda 3 Hatch
Black

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I bought a repo'ed 2002 Mazda Protege 5 wagon this past August from a credit union. I got it for way under book. It only had 4k miles on it and i got it for 13,500. The lot right across the street was selling one for 15,500. No problems at all with it. I financed it through the bank that reposesed it . THey gave mje the best interest rate that i couls find! 3.9%.

I would run a carfax on it and if everything checks out go for it man!

Hope this helps,
~ Joe
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